Switzerland


Finance

Citi, Switzerland’s SDX Join Forces to Tokenize $75B Pre-IPO Shares Market

Citi will act as a custodian and issuer agent for tokenized assets on SDX’s digital Central Securities Depository (CSD) platform.

Close up of Citigroup logo on the side of a building.

Coindesk News

Swiss National Bank Rejects Calls to Add Bitcoin Reserves

In comments Friday, SNB President Martin Schlegel said holding bitcoin raises liquidity and volatility risks for Switzerland.

CoinDesk

Research Reports

Boerse Stuttgart’s BX Digital Receives FINMA Approval for Digital Asset Trading

The platform, utilizing Ethereum’s blockchain, aims to streamline transactions for tokenized financial instruments and enhance capital market efficiency.

Stuttgart Stock Exchange, owner of Boerse Stuttgart Digital (Boerse Stuttgart)

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

Policy

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)

Policy

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)

Policy

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)