Tag Archive: Blockchain/Bitcoin

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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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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Swiss Banks Unlikely to Migrate to Blockchain, DLT Systems, Says SNB Advisor

2023-06-02

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2023-06-02

While some banks have started experimenting with blockchain and distributed ledger technology (DLT), widespread migration to these systems are unlikely to occur due to a number of roadblocks, including regulatory and compliance challenges, the high costs of the endeavor, as well as uncertainties about the long-term benefits and potential disruption of the technology on existing business models, Benjamin Müller, an advisor on banking operations for...

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Kanton Zug Increases Maximum Tax Payment Amount With Cryptos to CHF 1.5 Million

2023-05-22

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2023-05-22

The Canton of Zug is increasing the transaction limit for tax payments with the cryptocurrencies Bitcoin and Ether from CHF 100,000 to CHF 1.5 million with immediate effect. This measure will facilitate access to digital means of payment and meet the increasing needs of Zug’s population and companies. Heinz Tännler “We are proud that the Canton of Zug has been a pioneer in the use of cryptocurrencies for years. With the increase in the transaction...

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The Top 50 Crypto VC’s in 2023

2023-05-19

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2023-05-19

The USA is dominant in the cryptocurrency venture capital (VC) game, representing more than 71% of the total amount of capital under management from the top 50 crypto-focused VC funds, a new report by Coinstack Partners, a boutique investment bank for crypto and Web 3.0 companies, shows. Global crypto VC by city – Top 50 firms, Source: The Crypto VC List 2023, Coinstack, March 2023 The report, which looks at VC funding activity in the crypto space,...

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Frankfurt University Forms Master in Blockchain & Digital Assets

2023-05-10

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2023-05-10

Frankfurt School of Finance Center and its Blockchain center designed a new four semester long post-experience master program (MSc) last year. The Frankfurt School’s goal is to provide the expert knowledge necessary to students looking to shape and lead blockchain innovation around the globe and in all industries. Technical and economical understanding on the topics of blockchain, digital assets (including Bitcoin and Ethereum), DeFi, Web3,...

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SweePay and SMART VALOR Brings Crypto to Masses at National Railways, Retailers

2023-04-19

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2023-04-19

The Swiss crypto exchange SMART VALOR and the financial intermediary SweePay has partnered to ensure that the purchase of cryptocurrencies at Swiss Federal Railways (SBB) ticket machines is simple, smooth and secure. Since 2016, it has been possible to buy crypto at the 1,500 (expected number of ticket machines as of 2023) ticket machines of the SBB. At the SBB ticket machines, users will receive their Bitcoin in a secure paper wallet when they buy...

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Swiss Central Bank Payment Vision Outlining Focus on DLT, Tokenization and Instant Payments

2023-04-13

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2023-04-13

The Swiss National Bank (SNB) has shared how it intends to “future-proof” the domestic payment ecosystem, outlining its ambition to leverage technologies and processes including tokenization and distributed ledger technology (DLT) to establish an “efficient, reliable and secure ecosystem” that’s geared towards “the future of cashless payments in Switzerland,” SNB governing board member, Andréa Maechler, said during an event on March 30, 2023. The...

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Incore Bank Signs Maerki Baumann as First Client For SDX Ethereum Staking

2023-04-05

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2023-04-05

InCore Bank can now offer Ethereum staking capabilities that are fully compliant with Know-Your-Client (KYC) and Anti-Money-Laundering (AML) regulations to their clients. In this collaboration, InCore Bank provides crypto brokerage, banking operations and custody services, while SDX Web3 provides crypto custody and non-custodial-staking services. The Zurich-based private bank Maerki Baumann launched its crypto strategy in 2019. Apart from corporate...

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Postfinance Partners With Sygnum Bank to Offer Cryptocurrencies

2023-04-05

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2023-04-05

PostFinance partners with Sygnum, the world’s first digital asset bank, to offer its customers a range of regulated digital asset banking services via Sygnum’s B2B banking platform. PostFinance’s partnership with Sygnum Bank enables the launch and ongoing expansion of regulated, bank-grade digital asset products and services for its customers PostFinance’s customers will be able to buy, store and sell leading cryptocurrencies such as Bitcoin and...

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UBS Completes Cross-Border Intraday Trade On Broadridge’s Blockchain-Powered Platform

2023-04-04

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2023-04-04

Global financial technology company Broadridge Financial Solutions announced that UBS and a global Asian bank have successfully executed a cross-border intraday repo transaction on its blockchain-enabled platform. This intraday trade marks the launch of the next phase in the rollout of Broadridge’s Distributed Ledger Repo (DLR) platform. This platform provides a utility where market participants can agree, execute, and settle repo transactions,...

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