Daily #Fintech is a global business that happens to be based in #Switzerland. Our Subscribers (over 13,800 as I write) are #from all over the world, pretty much tracking the growth of Fintech globally. So we don’t take sides in the Fintech capital of the world debate. I have enjoyedRead More
Bank Innovation
For a long time, #startups had to #learn how big companies do business #planning. Now the flow is reversing and we see management consulting organizations pitch methodologies to big companies that have come #from the start up world. Now that software is eating the world, big companies seek to understandRead More
Bank Innovation
Lykke, a #Swiss #Fintech company building a global #blockchain-powered marketplace, concluded its initial coin offering (ICO) at midnight, October 11th, with the sale of 23,226,753 coins, raising 1,161,338 CHF. The sale lasted a month, during which over 1,200 new people downloaded Lykke wallets and registered with the service. The number of Lykke coin holders jumped #from 147 to 717.
“We are thrilled to welcome almost 500 new shareholders from 90 countries, who have invested a total of 1,161,338 CHF during our online sale,” said Lykke founder Richard Olsen. “Thank you to the many new stakeholders, who are helping us build our global marketplace.
” With this money, the company will continue to apply for broker and trading facility licenses in Europe, Asia and North America, and continue to build out its open-source trading platform for all to use.
The platform now offers trading of #Bitcoin, Swiss francs, dollars, euros, pounds, yen, and Lykke coins. Many other digital currencies, indices, community coins and crypto-equities are planned for the future. Lykke’s goal is to be the lowest-cost marketplace for trading all digital assets, using blockchain settlement for speed and security.
Lykke coins were priced at 0.05 CHF. As the company’s coins are now publicly traded, the market will set the price for the coins. Lykke has reserved ten percent of the money raised to provide liquidity. The company implements a first-of-its-kind agent-based algorithm for setting prices, offering liquidity to sellers, and reducing volatility.
You can still buy Lykke Coins here.
The post Swiss Blockchain-powered Exchange Captures $ 1 Million from Fans appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
The weather was beautiful in London, the location was upcoming (O2 North Greenwich) and the size of the conference was ideal. The two chairs, Peter Renton (founder of Lendit) and Christine Farnish (chair of P2PFA) were both great on stage as they covered an industry that has been tainted inRead More
Bank Innovation
 The #ReversePitch event organized by SwissFintech at Technopark, was a wonderful fusion across the ecosystem and it captured much of the emerging interactivity. For those that didn’t hear about it, it was a mix of the typical pitching #from #Fintechs (5 homegrown Swiss companies – Biowatch, NetGuardians, Fractal-Labs, CarbonDelta, VirtualBroker) and an unusual pitching from…Read more #Transparency #missing from the #suppliers of #Capital to&160;Fintechs
Bank Innovation
 The #ReversePitch event organized by SwissFintech at Technopark, was a wonderful fusion across the ecosystem and it captured much of the emerging interactivity. For those that didn’t hear about it, it was a mix of the typical pitching #from Fintechs (5 homegrown Swiss companies – Biowatch, NetGuardians, Fractal-Labs, CarbonDelta, VirtualBroker) and an unusual pitching from…Read more #Transparency #missing from the suppliers of Capital to&160;Fintechs
Bank Innovation
 The #ReversePitch event organized by SwissFintech at Technopark, was a wonderful fusion across the ecosystem and it captured much of the emerging interactivity. For those that didn’t hear about it, it was a mix of the typical pitching #from #Fintechs (5 homegrown Swiss companies – Biowatch, NetGuardians, Fractal-Labs, CarbonDelta, VirtualBroker) and an unusual pitching from…Read more #Transparency #missing from the #suppliers of #Capital to&160;Fintechs
Bank Innovation
Image source 2 #years ago I attended the #Barclays #Techstars graduation day pitch in London. My report #from then is here. I was excited and impressed, but knew the stats about startup survival rates. So I thought it would be interesting to do a #Whatever #happened to… followup post twoRead More
Bank Innovation
We live a world that we still check our wealth #from our laptop or our smartphone. Tim Cook is leading us to check our #wrist for our health. Wearables for our finances, are still in the “nice to have” category and nowhere close to becoming the next black. Will GoldmanRead More
Bank Innovation
SIX Securities Services, the post-trade infrastructure operator for the #Swiss #financial sector, and Digital Asset Holdings, a developer of #distributed #ledger #technology for the financial #services industry, announced plans to develop a proof of concept that will demonstrate the commercial viability of distributed ledger technology across the Swiss financial #market, with an initial prototype for . The two firms will also develop a roadmap for future opportunities spanning the whole market infrastructure value chain.
SIX #Securities Services recognizes the potential of distributed ledger technology and after a competitive evaluation process has selected #Digital #Asset as the business and technology partner for the design of a solution for the Swiss market. The initial phase of the project will demonstrate the ability to build and incorporate distributed, encrypted, straight through processing tools into existing securities transaction flows, and propose a roadmap for extending this to a production-ready service.
The proof of concept will extend beyond the scope of the prototype, and Digital Asset will develop a product roadmap for future opportunities to include a wide range of applications that demonstrate how current, segregated processes could be streamlined and made more efficient for SIX Securities Services and post-trade ecosystem as a whole.
SIX Securities Services has already made significant strides in exploring distributed ledger technologies and currently has a prototype for Corporate Actions processing on display at Sibos, in Geneva #from 26-29 September, 2016.
According to Thomas Zeeb, Division CEO SIX Securities Services: «Distributed ledger technology and its potential role in post trading is key to our business. We need to understand it, and more importantly, its applicability and future flexibility in order to keep ahead of the game. Partnering with Digital Asset is a way to accelerate our own development plans and leverage their experience in this area.»
«Partnering with SIX brings this cutting edge technology another step closer to commercial reality,” said Blythe Masters, CEO of Digital Asset. “We believe this collaboration will provide exciting opportunities for SIX and its customers while reducing inefficiency, cost and risk in the financial services ecosystem.»
The post Distributed Ledger Technology For Swiss Financial Market From SIX Securities Services &038; Digital Asset appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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