Switzerland

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

<div class=”featured_image_container”> </div> <strong>New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law.</strong> ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum …

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules Read More »

Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets

Switzerland now lets tokenized securities trade on a blockchain with the same legal standing as traditional assets. The new law went into effect Monday. Swiss lawmakers decided not to create a completely new regime but adapted legislation to graft specific features of distributed ledger technology (DLT) onto the existing legal framework. The DLT amendments recognize …

Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets Read More »

Switzerland’s Crypto Broker AG Wins Securities House License From FINMA

Long in the making, Zurich’s Crypto Broker AG announced Monday it has been granted a securities house license by the Swiss Financial Market Supervisory Authority (FINMA).  Crypto Broker AG is part of a digital assets conglomerate that includes asset management and storage infrastructure services. The license means broadening the scope of its business and adding …

Switzerland’s Crypto Broker AG Wins Securities House License From FINMA Read More »

CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange

Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange. According to a report from Bloomberg today, the Bitcoin ETP will go live on Switzerland’s principal stock exchange tomorrow under the ticker symbol BITC. Each ETP will be physically backed by 0.001 Bitcoin (BTC) — worth roughly $36 …

CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange Read More »

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion

<div class=”featured_image_container”> </div> <strong>Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors </strong><strong>“access to 100 different crypto products trading on our platform,” said the exchange’s head of markets.</strong> Crypto Trading Volume on …

Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion Read More »

The US has already lost the 2020 crypto regulation race to Europe

2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as PayPal’s decision to enable its users to buy and sell Bitcoin (BTC), have understandably dominated the headlines. However, pivotal regulatory developments across the globe have largely flown under the radar …

The US has already lost the 2020 crypto regulation race to Europe Read More »

CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds

Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph …

CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds Read More »

Swiss crypto bank Sygnum tokenizes shares and prepares for public offering

Sygnum, a major cryptocurrency bank in Switzerland, has successfully tokenized its shares on a blockchain in preparation for its upcoming public sale. According to an official Dec. 14 announcement, the bank tokenized its shares on the Ethereum blockchain using a proprietary tokenization platform called Desygnate. The blockchain-based platform issues digital representations of shares and associated …

Swiss crypto bank Sygnum tokenizes shares and prepares for public offering Read More »

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection

It’s been a busy couple of weeks for Switzerland’s digital asset exchange, SDX. In chronological order (and pardoning the unavoidable alphabet soup): Last week SDX’s parent company, SIX, announced test results around the “feasibility” of wholesale central bank digital currencies (CBDCs), involving the Swiss National Bank (SNB) and Bank of International Settlements (BIS).  This week, …

SDX Chief Gets Philosophical About Crypto’s Swiss-Singapore Connection Read More »

Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin

The long-awaited digital currency Libra could finally see the light of day as soon as January 2021, according to a new report. Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27. Citing three people …

Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin Read More »