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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 Avalanche Foundation commits $50M to bring more tokenized assets to blockchain, why Polygon is leading the way on global blockchain adoption and Pascale Bruderer on the Swiss digital franc.
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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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Avalanche Foundation commits $50M to bring more tokenized assets to blockchain
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The program, Avalanche Vista aims to bring more digital versions of traditional investment products, including equities, credit, real estate and commodities to the layer 1 blockchain.
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Polygon is leading the way on global blockchain adoption
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Polygon, the leading layer-2 network on Ethereum, is already a booming ecosystem across multiple Web3-native verticals such as gaming and decentralized finance.
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Pascale Bruderer on the Swiss digital franc
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The former politician Pacale Bruderer is the founder of the start-up Swiss Stablecoin and wants to help the digital franc achieve a breakthrough in cooperation with FinTechs, the financial industry and currently Postfinance.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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UK government rejects advisory committee’s call to regulate digital assets as gambling
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The bill aims to regain control over financial services rules post-Brexit and includes provisions that bring digital assets and within the scope of financial services regulations.
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Bundesbank questions legality of bank deposit tokens
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According to the Bundesbank they may or may not be considered a deposit. Depending on the design, it could be an e-money token under MiCA regulations or a tradable security.
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SG-FORGE gets first french regulatory digital asset license
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The DASP license approval represents the highest level of regulatory certification currently possible for digital asset activities.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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US Republicans continue pushing against digital dollar CBDC
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The Fed has stressed that CBDCs would be privacy-preserving. Often the intention of programmability is to allow users to send money at specific times. Other central banks have explicitly stated that programmability would not be allowed at the base layer.
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Federal Reserve of San Francisco hiring crypto architect for CBDC project
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San Francisco's Federal Reserve Bank is seeking a crypto architect for a CBDC project, an Indeed job posting has revealed. According to the role description, the employee will work on CBDC research and development.
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Pakistan’s central bank begins work on CBDC
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The State Bank of Pakistan has largely lagged behind in the global CBDC race. Other countries in the region, including India, have been working on pilot trials for some time now, with plans to test wholesale and retail use cases already underway.
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CRYPTOCURRENCIES, DeFi and NFT
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Crypto investors cool on Bitcoin funds, turning to Ether and XRP
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A host of financial institutions have filed for Bitcoin spot Exchange Traded Fund applications with the SEC since mid-June, including BlackRock, ARK Invest, Fidelity, Galaxy Digital, VanEck, Valkyrie Investments, NYDIG, SkyBridge and WisdomTree.
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New bill proposes strict rules for DeFi protocols
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DeFi protocols, the decentralized applications enabling users to engage in crypto borrowing, lending, and trading through smart contracts, present a unique regulatory challenge due to their operation on permissionless blockchains.
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Ducati to launch NFTs on XRP Ledger this week
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The first Ducati collectible launching in July is a video history of Ducati logos on the tanks of motorbikes produced since 1946. As with most NFT drops, those who get the first collectible will gain access to subsequent project releases.
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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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