The Swiss National Bank (SNB) is continuing its experiments in the field of central bank currencies (CBDCs). “Project Jura” is investigating cross-border payment processing in cooperation with the central bank of France. The G20 has prioritised the improvement of cross-border and has submitted a multi-year timeline to coordinate efforts in this regard. The current experiment contributes to […]
The Swiss Financial Market Supervisory Authority (FINMA) has granted financial services provider Taurus SA a securities firm license to operate a regulated marketplace for digital assets. The marketplace is intended to support any type of digital asset. With the new marketplace, the Swiss company aims to meet the growing demand from banks and issuers for […]
The Swiss pioneering fintech ETP issuer, 21Shares AG. has officially passed the $1 billion mark in assets under management across its diversified 12 crypto asset ETPs. In just over 2 years, 21Shares AG has witnessed a 200-fold increase in its assets and joined the select elite ETF/ETP issuer list with over $1 billion in assets. […]
The Federal Council has enabled the issuance of Blockchain-based shares as of the 1st of February 2021. Below is the background of the new law, and an outlook on the possibilities which have been created. On the 10th of December 2020, the Federal Council decided to put parts of the Blockchain bill into effect as […]
Project Helvetia, an experiment between the Bank for International Settlements (BIS), the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, plans to integrate tokenized assets into existing payment systems. Project Helvetia has, in a real-world environment, demonstrated that it is possible to provide central bank money to settle securities transactions using new […]
Payoff, the investor portal focusing on structured products, again presented the Swiss Derivative Awards this year. The most innovative products in various categories were honoured. A Bitcoin Reverse Convertible was chosen as the best product on alternative underlyings. For the fifteenth time, the Swiss Derivative Awards 2020 honoured the best structured products and their issuers. […]
In line with its recently communicated strategy for digital assets, InCore Bank is now the first financial institution in Switzerland to offer banking services to Kraken clients. Zurich/Schlieren, 3 July 2020 – Kraken is the largest crypto currency exchange in Europe in terms of euro volume. With this integration Kraken offers its customers another simple […]
The current economic crisis and the ultra-loose monetary policy of central banks raise many questions. Structural change seems unstoppable. What role will digitalization, block-chain technology, digital currencies and assets play? Dr. Cyrus de la Rubia, Chief Economist of Hamburg Commercial Bank, answers these and other questions. De la Rubia has 25 years of financial market […]
The large chamber is in favour of several legislative changes that improve the framework conditions for blockchain and distributed ledger technology (DLT). In doing so, the National Council followed a recommendation of the Federal Council last November. Aims of the legislative amendments This week the Council of States gave the green light for the creation […]
Founded in 2007, InCore Bank is a one-stop business-to-business transaction bank that provides transaction and outsourcing services to banks, securities dealers, asset managers and fintech companies. Rudy Suter explains exactly what this means. As a Swiss company with a banking and securities dealer license, InCore Bank offers a comprehensive and modular range of services. This […]
