Switzerland


Finance

FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus

Co-founder Alex Casimo and CFO Jae Park were fired in July, which triggered a number of departures from the market making firm.

Jobs

Juridique

Sygnum Unit Receives Liechtenstein License as a Crypto Asset Service Provider

The registration paves the way for the Switzerland and Singapore-based banking group to expand into the European Union and European Economic Area.

Liechtenstein (Unsplash+ / Resource Database)

Finance

Switzerland’s Fourth-Biggest Bank ZKB Offers Retail Customers Bitcoin and Ether

ZKB’s new service also allows other Swiss banks to offer customers the trading and custody of cryptocurrencies, with Thurgauer Kantonalbank being the first partner bank to use the service.

(Shutterstock)

Juridique

Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says

FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.

(Thiago de Andrade/ Unsplash)

Finance

Sygnum's First-Half Spot Crypto Trading Doubles, Derivatives Increase 500%

The surging trading volumes helped the bank reach profitability for the first time.

Trading (Pixabay)

Juridique

Swiss Regulator Shutters Crypto-Linked FlowBank, Begins Bankruptcy Process

FINMA announced Thursday that FlowBank’s minimum capital requirements were found to have been “significantly and seriously breached.”

View of Zug, Switzerland, from the lake, with mountains in background. (Louis Droege/Unsplash)

Finance

BCB Group Moves Custody of Digital Asset Operations to Metaco’s Platform

The move will allow the crypto payments firm to consolidate its custody technology.

(Autumn_ schroe/Unsplash)

Marchés

21Shares Lists ETP for Staking Telegram-Endorsed Token TON

The 21Shares Toncoin Staking ETP (TONN) listed on Swiss SIX Exchange on Wednesday.

Toncoin rises amid potential Telegram IPO (Christian Wiediger/Unsplash)

Finance

Sygnum Tokenizes $50M of Fidelity International Fund as Matter Labs Moves Reserves to Blockchain

The move was part of zkSync developer Matter Labs' long-term goal to move its treasury reserves to a blockchain.

Art installation reminiscent of digital ecosystems

Finance

Figment, Apex to List Ether and Solana Staking ETPs on SIX Swiss Exchange

Interest in ETH and SOL has increased substantially over the past few months and the ETPs will contribute to greater access to staking rewards for a wide audience, Figment said.

View of Zug, Switzerland, from the lake, with mountains in background. (Louis Droege/Unsplash)