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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 Axelar partners with Microsoft for hybrid blockchain solutions, why India to deploy blockchain for railway system ‘tamper-proof’ signaling, and how EU launches web4, metaverse strategy.
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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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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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Axelar partners with Microsoft for hybrid blockchain solutions
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Cross-chain protocol Axelar and Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store.
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India to deploy blockchain for railway system ‘tamper-proof’ signaling
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IIT is building a new blockchain-based signaling system to complement the existing Data Logger, according to a report from The Hindu. The plan is the brainchild of the EEE stream and has received the green light from the government.
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EU launches web4, metaverse strategy. Targets sovereignty
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With estimates that the global metaverse market size will grow from €27 billion in 2022 to €800 billion in 2030, the EU wants to make its mark. It's concerned that the infrastructure is being developed in the U.S. and China.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Tokenization makes the world a better place, and Asia is paving the way
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Hong Kong, Japan, Singapore and Thailand have regulations supporting the growth of tokenization, showing the world the benefits of fractionalizing assets. Tokenization has gained significant attention in recent years.
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UK launches consultation on digital securities sandbox
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The aim is to relax legislation for digital securities, whether they are native or tokenized representations of existing securities. The Sandbox will run for an initial period of five years.
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FraXion launches first security token offering in the U.S.
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FraXion has already sold 250,000 tokens within the first weeks of the STO, and the company has also secured a funding round of $250,000 from Park Place Consultants to assist with the promotion of FraXion Token.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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BIS G20 report explores practical lessons from CBDC projects
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The paper critically assesses the desirability, feasibility, and viability of wholesale and retail CBDCs for domestic use cases, as well as the potential of digital currencies for cross-border use.
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Brazilian CBDC pilot source code includes methods to freeze, drain wallets
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Developers soon found concerning functionality in the source code of Brazil’s CBDC pilot, including mechanisms to control individual wallets and the funds they hold.
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Bank of England partners Nuggets for CBDC identity layer
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Although CBDCs have been hailed as the key to enhancing financial inclusion and payment efficiency, many people worry about their inherent privacy and security challenges, arguing that the government could easily turn them into a surveillance and monitoring tool.
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CRYPTOCURRENCIES, DeFi and NFT
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Standard Chartered boosts 2024 bitcoin forecast to $120,000
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Standard Chartered published a $100,000 end-2024 forecast for bitcoin on the view the so-called "crypto winter" was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% "upside" to that call.
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EU capital markets trade body AFME proposes how to regulate DeFi
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With the EU’s recent adoption of Markets in Crypto Asset regulations, DeFi was largely omitted. The paper acknowledges that DeFi operating within the regulatory perimeter could achieve broader adoption in future.
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The latest NFT trend: Taking out loans on Rolexes
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Blockchain technology has already changed much about the way people interact. But some innovators are hoping to push the technology’s limits even further: they’re betting the blockchain can transform the world into one giant pawn shop.
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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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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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