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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 banks to jointly explore digital Swiss franc, why EIB issues its first blockchain-based digital green bond and how Fujitsu completes blockchain-based project for cross-border transactions.
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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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Swiss banks to jointly explore digital Swiss franc
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In the current project phase, the project group will work towards establishing a robust legal and economic framework that enables each participating bank to tokenize deposits while ensuring compliance with regulations.
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EIB issues its first blockchain-based digital green bond
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So|bond was unveiled earlier this year with its novel Proof of Climate awaReness protocol, which incentivizes node operators to minimize the carbon footprint of their node with a token, the Climate awaReness Coin.
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Fujitsu completes blockchain-based project for cross-border transactions
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Fujitsu achieved seamless interoperability by using plugins developed by Hyperledger’s Cacti, considering the peculiarities of each blockchain.
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REGULATED DIGITAL ASSETS (STO, TRADING, CUSTODY, COMPLIANCE)
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Major Korean banks collaborate for security tokens
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Many Korean security token alliances are different from Western initiatives that have an institutional focus. In Korea, several of the collaborations will target retail distribution. NongHyup Bank’s consortium is one of several security token alliances recently formed.
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Deutsche Bank applies for digital asset licence
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In its application, the bank is following in the footsteps of most global custodians who have sought to establish a digital assets servicing business in Germany and across Europe.
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OCC’s talk on tokenization hints at direction of deposit tokens
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OCC gets to say which bank tokenization projects get the green light. The USDF Consortium of regional banks has yet to get the go ahead for its interbank payments network and has adapted its approach to using a permissioned network.
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FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)
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IMF envisions ‘new class’ of cross-border payment platform with single ledger
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The International Monetary Fund has presented the outlines of a “new class” of cross-border payment system that uses a single ledger to record CBDC transactions, programmability and improved information management.
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BIS, Bank of England complete CBDC trial using blockchain
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The tests trialed 18 digital pound use cases, ranging from straight forward merchant payments to a prototype of parent and child wallets. Various kinds of conditional payments was supported for payment providers.
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18 Italian banks collaborate for wholesale CBDC relying on blockchain
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The wholesale CBDC study has 18 commercial banks, leveraging blockchain technology. The CBDC initiative is an attempt by the Bank of Italy to explore new blockchain use cases.
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CRYPTOCURRENCIES, DeFi and NFT
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Top 10 cryptocurrencies by GitHub development activity in last 30 days
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Although the cryptocurrency market has been going through a rough patch in recent weeks, the downturn has failed to put a dent in the progress and development efforts of many blockchain and cryptocurrency businesses.
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CEX features and simplicity come to DeFi
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With the rise of interest in self-custody, the DeFi ecosystem ramped up its efforts to address the concerns and needs of the average user who is used to putting advanced trading orders from a simple screen while depositing or withdrawing fiat money without leaving the platform.
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6 highly innovative projects in the NFT space
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As the concept of NFTs continues to evolve, dozens of new startups have emerged to push the boundaries of what’s possible with this innovative new technology. NFTs have the potential to revolutionize the way people collect, trade and monetize digital assets.
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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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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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