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BIG Weekly Newsletter
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A Message To The Reader
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Welcome to the BIG weekly Newsletter!
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This week read about how Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services, why Clarins continues global rollout of blockchain traceability solution and what are the 10 ways traditional companies can benefit from partnering with blockchain projects.
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Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and then gives a rundown of the biggest headlines in the weekly news recap on Fridays.
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We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.
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BIG EXPERTISE
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Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.
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- Proven Expertise: Architected and executed strategies for multiple global entities, seamlessly integrating digital assets and pioneering tokenization.
- Swiss Localization: Successfully onboarded several firms in Switzerland, optimizing their governance and fundraising capacities.
- Strategic Guidance: Elevated numerous projects to success with effective board and corporate structures.
- Tailored Solutions: Designed and deployed tailored products for several industry leaders, ensuring alignment with individual functional needs
- Seamless Integration: Managed end-to-end integrations for numerous service providers, ensuring smooth transitions to live operations.
- Project Mastery: Transformed numerous project concepts into operational successes, consistently meeting and exceeding client expectations.
- Regulatory Partnerships: Forged strong ties with legal specialists, SROs, and FINMA, setting the gold standard in regulatory navigation.
- Compliance Leadership: Rolled out internationally recognized compliance tools and frameworks, guiding best practices in the sector.
- Crypto Assurance: Pioneered innovative methods for cryptocurrency ownership verification, securing assets for multiple global entities.
- Operational Excellence: Spearheaded operational setups for several renowned industry leaders, championing peak performance.
- Cybersecurity Vanguard: Protected clients from numerous potential cyber threats, establishing a reputation for unmatched security.
- Infrastructure Prowess: Revolutionized IT for several firms with state-of-the-art setups and blockchain optimizations.
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Following BIG's successful business development over the last five years with a focus on financial services, implementing various projects related to blockchain and digital assets, we are expanding into new industries and are looking for an experienced industry leader with hands-on experience in business development, project management and technology.
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Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services
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SEBA (Hong Kong) said the Securities and Futures Commission will grant licences once it meets conditions for final approval. It will then be able to engage in securities dealing, including crypto-related structured products, and manage digital assets and securities.
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Clarins continues global rollout of blockchain traceability solution
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So far the traceability solution is available for 49 of its products. It uses the Neurochain blockchain, and the aim of blockchain is to ensure that once the data is entered by suppliers it can’t be modified.
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10 ways traditional companies can benefit from partnering with blockchain projects
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Rather than striking out on its own, a traditional company might benefit from partnering with a well-matched blockchain project, whose leaders can offer expertise not only in the underlying technology, but also in the best ways to leverage it.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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India PM calls for global digital currency regulation at annual G20 summit
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India’s Prime Minister urged global regulators to remain resolute in establishing uniform standards for the digital currency industry. He cited the global standards of the aviation sector as an example for stakeholders.
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Moody’s sees tokenization opportunity in private capital, alternatives
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Moody’s Rajeev Bamra highlighted the shift in demand towards illiquid assets in pursuit of higher returns, with tokenization as an enabler. German asset manager Union Investment’s Christoph Hock said Generation Z has a desire for more investment choices.
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‘Regulation by enforcement’: New report unpacks US approach to digital asset regulation
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A report of global trends in digital assets regulation presents an analysis on the U.S. situation, where regulators continue to jostle for jurisdiction over the digital asset space.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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RBA’s CBDC research shows long road ahead for digital currency
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The Reserve Bank of Australia has released a comprehensive report that shines a light on the complexities of launching a CBDC in Australia. The research identified a raft of legal, regulatory, technical, and operational challenges that may hinder the future roll-out.
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China’s JD, ICBC to launch digital yuan supply chain financing solution
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Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch. Per CICC developed by JD Technology, in conjunction with the Industrial and Commercial Bank.
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Brazil’s CBDC falls behind schedule as central bank suspends innovation lab
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The first milestone for the digital real pilot has been delayed. That’s partly owing to a slow start in onboarding pilot participants and because the bank isn’t yet satisfied with the privacy preserving technology it plans to use.
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CRYPTOCURRENCIES, DeFi and NFT
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XRP vs Shiba Inu: which cryptocurrency to buy
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XRP and Shiba remained to be the popular choices of digital currency. XRP on one side aims to revolutionize the money transfer in foreign transfer on other hand Shiba Inu carries a vibrant community.
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Ethereum staking is booming—but value of DeFi assets keeps falling
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Staking yields may be leaving investors with less incentive to use other DeFi protocols. A slew of failures of centralized crypto exchanges and services over the past year has done little to stem consistent outflows from DeFi during that time.
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SEC settles with NFT issuer. Two commissioners dissent
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SEC announced a settlement with media company Impact Theory which raised almost $30M from the sale of Founder’s Key NFTs in 2021. Using the notorious Howey Test, the SEC considered the NFTs as securities.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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2023 State of Crypto Report:
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Introducing the State of Crypto Index
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Swiss Digital Asset Custody Report 2023
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The safekeeping of financial assets is a global strength of Switzerland’s banking industry.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained podcast. As a former senior editor of Forbes, she was the first mainstream reporter to cover crypto assets full-time. She gives an overview to all experts and novices alike on the use cases making a real impact, and their vision for the future of this innovative technology!
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Got a question?
Or perhaps a suggestion? We'd love your feedback.
Contact Rali Hill
- content provider of this Newsletter.
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