Category Archive: 6c.) Fintechnews

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Reports Look at FTX’s 2021 Pitch Deck, Highlighting its Successful Fundraising Strategy

2023-11-17

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2023-11-17

Earlier this month, Sam Bankman-Fried, the founder of defunct cryptocurrency exchange FTX, was found guilty for his role in the collapse of the company. The disgraced founder, who once ran one of the world’s biggest crypto exchanges, is now facing a maximum sentence of 115 years in prison. A New York jury found Bankman-Fried guilty on all seven charges against him, convicting Bankman-Fried of wire fraud and conspiracy to commit wire fraud against...

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DZ BANK startet eigene Crypto Verwahrung

2023-11-03

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2023-11-03

Deutschland’s DZ BANK hat eine neue Plattform für die Abwicklung und Verwahrung digitaler Finanzinstrumente in Betrieb genommen. Damit gehört das genossenschaftliche Institut zu den ersten Kreditinstituten, die auf Basis der Blockchain-Technologie ein solches Angebot für institutionelle Kunden auf den Weg gebracht haben. Die DZ BANK ist mit einem Volumen von über 300 Mrd. EUR nach BNP Paribas und State Street die drittgrößte Verwahrstelle in...

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Swiss National Bank Launches Pilot Project With CBDC for Financial Institutions

2023-11-03

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2023-11-03

On 1 December 2023, the Swiss National Bank – together with six commercial banks – will start a pilot project with central bank digital currency for financial institutions (wholesale CBDC) on the regulated platform of SIX Digital Exchange (SDX). With this pilot, called Helvetia Phase III, the SNB will for the first time issue real wholesale CBDC in Swiss francs on a financial market infrastructure based on distributed ledger technology (DLT). The...

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Postfinance E-Commerce setzt auf Worldline’s Crypto Payment Lösung

2023-10-31

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2023-10-31

Worldline hat in der Schweiz mit Postfinance einen wichtigen Schweizer Kunden gewonnen. Die Zahllösung Worldline Crypto Payments wird ab sofort in der E-Commerce Lösung von Postfinance angeboten.

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Hypi Lenzburg startet mit neuem Angebot für Digitale Assets und Krypto-Banking

2023-10-26

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2023-10-26

Bei der Hypothekarbank Lenzburg können ab sofort digitale Assets auf einer öffentlichen Blockchain sicher verwahrt werden. Einen ersten Anwendungsfall realisiert die Bank mit der RealUnit Schweiz AG. Die Hypothekarbank Lenzburg hat ihre Organisationsstruktur und das Kernbankensystem Finstar so erweitert, dass sie nun Dienstleistungen für digitale Assets anbieten kann. Den Anfang macht sie mit dem Verwahrungsangebot für digitale Registerwertrechte...

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Eurex Expands Its Crypto Derivatives Suite With Options on FTSE Bitcoin Index Futures

2023-10-20

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2023-10-20

Eurex was the first exchange in Europe to offer Bitcoin index futures in April 2023. After this successful implementation, Eurex now expands the trusted path to crypto with the launch of Options on FTSE Bitcoin Index Futures. This is another major milestone in Eurex’s ambition to offer secure access to cryptocurrencies in a regulated market environment. Regulated access to cryptocurrencies The cryptocurrency market has undergone a volatile period...

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Zuger Kantonalbank Launches Crypto Asset Trading and Storage

2023-10-03

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2023-10-03

The first cantonal bank to offer clients straightforward trading and secure storage of the most common cryptocurrencies. The offering complements its existing investment services and is delivered within a fully regulated banking environment. As of today, Zuger Kantonalbank clients are able to invest in cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, Polygon and Uniswap. The digital assets can be bought, traded and stored simply and...

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UBS Asset Management Launches First Blockchain-Native Tokenized VCC Fund Pilot in Singapore

2023-10-03

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2023-10-03

UBS Asset Management has launched its first live pilot of a tokenized Variable Capital Company (VCC) fund. The fund is part of a wider VCC umbrella designed to bring various “real world assets” on-chain as part of Project Guardian, a collaborative industry initiative led by the Monetary Authority of Singapore (MAS). Thomas Kaegi Thomas Kaegi, Head UBS Asset Management, Singapore & Southeast Asia, said: “This is a key milestone in understanding...

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New Study Sheds Light on Crypto’s Super-Rich

2023-10-02

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2023-10-02

Over the past decade, the rise of cryptocurrency has created a new class of millionaires and billionaires. The early adopters, investors, business founders, and more broadly, those who bought in early and held onto their investments, became extremely rich, accumulating massive wealth as prices soared. A new report by wealth and investment migration specialists Henley and Partners, released on September 05, 2023, shares insights into the state of...

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Funding Overview Blockchain Germany 2023

2023-09-20

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2023-09-20

The CV VC German Blockchain Report 2023 highlights Germany’s remarkable achievements in the blockchain sector, unveiling a 3% increase in blockchain funding and an all-time high share of global funding. Covering data from Q3 2022 to Q2 2023, the report reveals that the German blockchain sector experienced an impressive 3% year-over-year increase in funding, totaling $355 million across 34 deals. In contrast, all continents saw YoY funding declines,...

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33% Coupon on Helveteq’s First Multi Barrier Reverse Convertible on Crypto

2023-08-11

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2023-08-11

Helveteq launched in Switzerland the their first Multi Barrier Reverse Convertible with three crypto currencies as underlying. The product is admitted for broad distribution in Switzerland and offers investors to benefit from elevated volatility in the crypto currencies Bitcoin, Ripple and Solana. Multi Barrier Reverse Convertibles are popular on baskets of equities. The products pay a fixed coupon while the redemption of the nominal value is...

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Switzerland Sees Blossoming Digital Asset Custody Ecosystem: Study

2023-08-04

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2023-08-04

Switzerland has established itself as a global leader in the custody of digital assets, a position the country has gained thanks to a conducive regulatory framework that’s encouraging innovation and diversity, a new report by industry trade group Home of Blockchain.swiss says. The Swiss Digital Asset Custody Report 2023, released in June, provides an overview of the digital asset custody landscape in Switzerland, focusing on the services offered by...

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Banks Team up with Fintech Companies to Enhance Payment Offerings

2023-07-05

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2023-07-05

Banks from around the world are teaming up with fintech companies to expand their payment offerings in a bid to enhance customer experience and respond to rising competition, a new analysis by FXC Intelligence, a financial data company specializing in international payments, payment cards, cryptocurrency and e-commerce industries, shows. A new report released on June 16, 2023 looks at bank-fintech partnerships announced in Q2 2023, highlighting...

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Bitcoin Crosses US$30K Mark Following Slew of Spot ETF Announcements

2023-06-27

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2023-06-27

The price of bitcoin crossed the US$30,000 mark last week, driven by investors’ excitement about the prospects of high-profile investment firms jumping deeper into digital assets by launching spot crypto exchange-traded funds (ETFs). Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 15% following news that big name issuers were looking to launch spot bitcoin ETFs. Bitcoin surpassed the US$31,000/BTC mark on June 23, 2023,...

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Mastercard Accelerates Go-To-Market Opportunities for Blockchain Innovation

2023-06-26

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2023-06-26

Expanded Mastercard Engage partner network will help scale digital assets and blockchain technology, and meet continued ecosystem demand As Mastercard’s continues to embrace new and emerging payments technology such as crypto, Mastercard is introducing a new track as part of its global Engage partner network to allow businesses to quickly launch and scale products that power the Web3 economy. Mastercard Engage makes it simple for partners to...

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Bank of China and UBS Issue First Fully Digital Tokenized Structured Notes in Hong Kong

2023-06-16

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2023-06-16

BOCI (Bank of China) has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients in Asia Pacific, marking a long-term collaboration between BOCI and UBS in the space of digital structured notes. UBS had issued a USD 50 million tokenized fixed rate note in December 2022 under English...

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Blockchain Zug Initiative sichert sich vom Kanton 40 Millionen CHF

2023-06-14

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2023-06-14

Der Zuger Regierungsrat will sich während fünf Jahren mit total 39,35 Millionen an den Aufbaukosten der «Blockchain Zug – Joint Research Initiative», einem gemeinsamen innovativen Projekt der Universität Luzern und der Hochschule Luzern, beteiligen. Dadurch wird das Crypto-Valley international zum Zentrum für die Blockchain-Forschung. Der Regierungsrat beantragt dem Kantonsrat die Gründung eines Zuger Instituts an der Universität Luzern mit neun...

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Illicit Crypto Volume Reaches All-Time High Despite Markets Slump

2023-06-12

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2023-06-12

In spite of a market downturn and a prolonged “crypto winter”, the volume of illicit cryptocurrency transactions continued to rise in 2022, reaching an all-time high of US$20.6 billion, new data released by blockchain analysis firm Chainalysis show. Total cryptocurrency value received by illicit addresses, 2017-2022, Source: The 2023 Crypto Crime Report, Chainalysis The sum represents a 13.8% increase from the previous all-time high of US$18.1...

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Formula 1 Sponsorship Deals with Blockchain Companies Shrink Amid Crypto Scandals and Bear Market

2023-06-07

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2023-06-07

After a buoyant year 2022, sponsorship deals with blockchain and cryptocurrency companies for the Formula One (F1) race are shrinking this year on the back of high-profile collapses and turbulent markets. A Bloomberg analysis found that while all teams had at least one crypto-native sponsors in 2022, that proportion declined to 70% this year, as of June. The trend suggests that F1 may be re-evaluating its ties with the crypto industry amid the FTX...

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30 Must-Attend Sessions at Money20/20 Europe 2023

2023-06-06

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2023-06-06

Money20/20, one of the world’s largest fintech event series, is coming back on June 06-08 at the RAI Amsterdam Convention Centre in Amsterdam for its annual European edition. This year’s event is expected to host over 300 industry-leading speakers, including visionary executives from global banks like HSBC, Barclays, and J.P. Morgan; trailblazing fintech companies like GoCardless, Stripe, and Plum; as well as representatives from national and...

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