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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 Postfinance partners with Sygnum Bank to offer cryptocurrencies, why UBS does intraday cross border repo on blockchain and how European banks launch ‘sustainable’ blockchain platform for digital bonds.
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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 SERVICES
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Do you need to assess, evaluate & plan your business model?
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We can develop your business strategy by providing an assessment report, a detailed concept/whitepaper, digital asset and tokenization, establishing project and corporate governance (board, c-level) and localisation services to setup in Switzerland, govern your firm, fundraising support.
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We can design your product, service and target operating model (TOM), defining functional and service level requirements, requesting for proposal, evaluate & select service provider, implementing integration, project management, testing and go-live activities.
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We can provide you with legal coordination with Lawyers, SRO, Finma, Non-Action letter, support with taxation, compliance, due diligence, risk assessment, support & tools, audit, policy framework and proof of cryptocurrency ownership, compliance workshops.
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We can support your operations by establishing a team and leading day to day production activities, engaging specialists to minimize cyber security risks or attacks, providing technical solutions and architecture design, set up and manage IT infrastructure and analyzing the codebase of blockchain platforms and applications to identify vulnerabilities and potential improvements.
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Postfinance partners with Sygnum Bank to offer cryptocurrencies
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By leveraging Sygnum’s B2B banking platform, PostFinance will integrate this new offering into its existing infrastructure from the outset.
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UBS does intraday cross border repo on blockchain
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UBS executed its first intraday cross border repo trade with a global Asian bank using Broadridge‘s DLR. UBS has been an early adopter of the blockchain solution.
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European banks launch ‘sustainable’ blockchain platform for digital bonds
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Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade and settle bonds digitally.
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Incore Bank wins first bank client for SDX ETH staking
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Three partners from the Swiss financial sector are offering new services in the field of Ethereum staking. lncore Bank can now offer Ethereum staking services fully compliant with KYC and AML regulations.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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VP Bank Partners with Metaco on Digital Asset Custody
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This allows VP Bank to expand its digital asset custody and tokenization services, being able to minting, burning and storage of tokens.
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INX security token platform gets its first token from a public company, Greenbriar
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The new token represents shares of Greenbriar Capital, which is traded in non-token form on the U.S. over-the-counter (OTC) market under the ticker symbol GEBRF and on the Toronto Stock Exchange as GRB.
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Tokenization bringing blockchain closer to breakthrough
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In parallel with the tokenization of securities, the study says within trade finance up to $1 trillion in volume could be transacted on the blockchain by 2030.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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Switzerland planning stablecoin and live wholesale CBDC pilots
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The planned wholesale CBDC pilot is the latest iteration of Project Helvetia. This involves SDX, the Swiss regulated DLT-based exchange and CSD and in the second iteration, five banks participated: Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS.
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310,000 Private Digital Yuan Wallets Opened in China’s Nanjing Since 2022 – Is the CBDC Taking Off?
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The Nanjing Branch would join forces with the city’s financial authorities to establish digital yuan adoption program.
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Digital pound CBDC won’t be programmable to avoid government control perceptions
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The digital pound would not be programmable at its core but programmability can still be implemented by the private sector. A two-tier model with a private sector layer in the middle could build on the BofE’s infrastructure.
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CRYPTOCURRENCIES, DeFi and NFT
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Dogecoin skyrockets after Musk randomly changes Twitter icon to Dogecoin
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As the hype around the news mount, approximately $1.7 billion has been pumped into Dogecoin’s market capitalization in an extremely short period of time pushing the meme coin’s market cap to reach $12.76 billion.
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Granary Finance gets $5M Funding from DeFi community
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Granary was developed as a DeFi lending alternative to conventional and centralized crypto lenders. Granary’s LGE features vesting periods ranging from instant liquidity up to 20 quarters.
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Now you can store your NFTs on MetaMask
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MetaMask, the market leader in software non-custodial crypto wallets, announced the latest update incorporating an NFT tab on April 5. This will allow users to access respective NFTs within wallets easily.
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RECOMMENDED INDUSTRY REPORTS AND BOOKS
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A New Intellectual Framework - Connecting the Invisible Dots
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This paper aims to set out some relevant ideas for the creation and establishment of a successful Financial DIGITAL MARKET INFRASTRUCTURE provider.
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Swiss Digital Asset Market Report 2022
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The report helps better understand the thriving digital asset space by assembling the most important facts and figures.
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PODCAST SERIES
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THE SWISS ROAD TO CRYPTO PODCAST
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In this podcast Didier Borel discovers people in Switzerland playing an active role in crypto and tech. He talks to entrepreneurs, tech innovators and disruptors shaping the future in this country. Switzerland has always played a key role in banking and has recognized the need to foster innovation.
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Laura Shin is a crypto/blockchain journalist and host of the Unchained and Unconfirmed podcasts. 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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