BIG Weekly Newsletter

February 22, 2024
Issue: No 224

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read how PostFinance starts with new crypto product offering, why Stablecoin issuer Circle drops TRON blockchain and how Citi collaborates to explore tokenization of private markets.

Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and Searching for Mana podcast where Lloyd Wahed meets with some of the influencers, leaders and founders in the tech and finance space.

We offer a free consultation with access to the blockchain insights. Book your free consultation with us here.

Mauro Cappiello
Founder, Blockchain Innovation Group AG

BIG EXPERTISE

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Business Strategy:
  • 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.

Product Implementation:
  • 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 Compliance:
  • 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 Services:
  • 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.

BLOCKCHAIN HEADLINES

PostFinance starts with new crypto product offering
The new offering will enable its customers to purchase or securely store an initial range of 11 cryptocurrencies at the click of a mouse or even set up a crypto saving plan.

FINTECHNEWS

Stablecoin issuer Circle drops TRON blockchain
Circle, the issuer of the USDC stablecoin, it will no longer mint USDC on the TRON blockchain with immediate effect. However, coins can be redeemed via intermediaries over the next 12 months.

LEDGERINSIGHTS

Citi collaborates to explore tokenization of private markets
The proof of concept, which was conducted on the Avalanche Spruce institutional test Subnet, found that smart-contract capabilities could deliver new functionality and operational efficiencies.

FINTECHNEWS

REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)

SAB 121: ABA, SIFMA ask SEC to exclude digital securities from custody requirements
One of the SEC’s primary missions is to protect consumers, but SAB 121 has the opposite effect. The letter highlights that SAB 121 prevented regulated banks from providing Bitcoin custody for the Bitcoin ETFlaunches.

LEDGERINSIGHTS

      25% of public firms to increase digital asset investments in 2024, but regulation’s a major challenge
      While public companies have become involved in digital assets, it's been speculative for most. The largest public digital asset holder MicroStrategy owns BTC worth $9.12B.

      COINGEEK

      Year Of Dragon accelerates Hong Kong’s crypto regulatory development
      The city has been leading the charge in embracing cryptocurrency and blockchain technology, and recent policy briefs from the SFC and HKMA show dedication to provide clear regulations and protecting investors.

      FORBES

      FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

      EU Parliamentary Committee votes in favor of ‘digital euro’ CBDC
      The draft legislation would make a proposed CBDC legal tender and was passed by a resounding 48 in favor of with only six against (and with seven abstentions).

      COINGEEK

      Turkish Central Bank releases first phase of its CBDC evaluation report
      CBRT has completed the phase 1 of its digital Turkish lira. The evaluation report is a compilation of findings and assessments such as digital currency transactions, wallet application and digital identification.

      CRYPTONEWS

      US sanctions the developer of Iran’s CBDC
      In addition to the ISC, two firms in Dubai and one in Turkey are also sanctioned for procuring technology on behalf of ISC. The UAE based entities are Advance Banking Solution Trading and Freedom Star General Trading.
      LEDGERINSIGHTS

      CRYPTOCURRENCIES, DeFi and NFT

      Swiss crypto hedge fund Tyr Capital clashes with client over FTX exposure
      Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with the now-bankrupt crypto exchange FTX. The collapse of FTX impacted several companies directly or indirectly exposed to the exchange.

      COINDESK

      Funds locked in DeFi surged 100% in 4 months, reaching 2-year high
      The decentralized finance landscape has been consistently growing in the past year. The total value locked in DeFi surged nearly 100% in the past four months. This month TVL reached a 2-year high of $71.914 billion.
      FINBOLD
      Autoglyphs set fetches record-breaking $14.6 Million in historic NFT sale
      This sale marks the highest NFT sale in the past two years and stands as the fifth-largest purchase on-chain, setting a new benchmark for the value of blockchain-based artworks.
      CRYPTOPOTATO

      RECOMMENDED INDUSTRY REPORTS AND BOOKS

      2023 State of Crypto Report:
      Introducing the State of Crypto Index

      A16ZCRYPTO

      Swiss Digital Asset Custody Report 2023
      The safekeeping of financial assets is a global strength of Switzerland’s banking industry.

      HOMEOFBLOCKCHAIN

      PODCAST SERIES

      SEARCHING FOR MANA

      Searching for Mana, the podcast focused on tech innovation in finance, where Lloyd Wahed has been meeting with some of the influencers, leaders and founders in the tech and finance space from unicorn companies to financial disruptors. Tune in to gain insight into how they got into FinTech, what they’re currently focused on, what their companies are all about, as well as some of the important trends that they’ve highlighted in the market.

      UNCHAINED

      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!
      Unchained podcast

      UPCOMING EVENTS


      NFT Paris
      February 23-24, 2024


      The World WEB3 Conference
      March 8-10, 2024
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