BIG Weekly Newsletter

October 12, 2023
Issue: No 205

A Message To The Reader

Welcome to the BIG weekly Newsletter!

This week read about how local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens, why SIX Digital exchange partners Invest Direct for tokenized private equity and how US consumer watchdog mulls applying e-banking laws to crypto.

Remember to listen to Unchained podcast with Laura Shin, where she dives into the week’s hottest news story, and then gives a rundown of the biggest headlines in the weekly news recap on Fridays.

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

Harness the power of blockchain with a trusted partner. BIG is transforming financial futures through strategic, compliant, and operational excellence.

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.
We are hiring! BIG is looking for a Senior Partner at Blockchain Innovation Group AG
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.

BLOCKCHAIN HEADLINES

Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens
Leaders in the cryptocurrency space, including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association, Bits of Gold have joined together ​​to establish Crypto Aid Israel.

COINTELEGRAPH

SIX Digital exchange partners Invest Direct for tokenized private equity
SDX is having discussions with Invest Direct, a Swiss startup that provides due diligence and matchmaking services for private companies. SDX is the blockchain-based exchange and central securities depository (CSD).

LEDGERINSIGHTS

US consumer watchdog mulls applying e-banking laws to crypto
The regulations obligate financial institutions to inform consumers of if or when they are liable for unauthorized transfers. Liability disclosures are meant to be communicated before the first electronic transfer happens on a user account.

COINTELEGRAPH

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

Komainu receives FCA approval to register as a custodian wallet provider
Digital asset custody service provider Komainu has received approval from UK FCA to register as a custodian wallet provider. Its cryptoasset registration with the FCA will allow Komainu to offer crypto-custody services in the UK.

ASSETSERVICINGTIMES

      ESMA explores regulatory reporting under DLT Pilot Regime
      The European Securities and Markets Authority published two long reports on the DLT Pilot Regime. Both explore how market infrastructures should comply with regulatory reporting. The regulator noted that native DLT transactions omit of information required by the MiFiD RTS 22 reporting standard.

      LEDGERINSIGHTS

          Archax to launch crypto trading against tokenised money market funds
          Archax, FCA-regulated digital asset exchange, broker, and custodian, announced the launch of trading pairs that allow professional clients to trade leading cryptocurrencies directly against tokenized money market funds.The move marks a significant departure from traditional trading pairs in cryptocurrencies.

          FINANCEFEEDS

              FINANCIAL SERVICES & CENTRAL BANK DIGITAL CURRENCY (CBDC)

              EU wholesale CBDC plans to publish within weeks, France central bank governor says
              The central bank will be exploring blockchain and alternative protocols for settlement, besides the Distributed Ledger for Securities Settlement System, which is a permissioned blockchain designed for settlement via CBDC.
              FORKAST

              mBridge to launch cross border CBDC payments by mid 2024
              mBridge is a collaborative CBDC platform developed by the central banks of Hong Kong, China, Thailand and the United Arab Emirates. The project is coordinated through the Bank for International Settlements.

              LEDGERINSIGHTS

              Russia hopes to interlink its CBDC with foreign banks in 2025
              Foreign banks will get special accounts, where the CBDC system will track all operations. It’s expected that foreign banks will be allowed to open digital ruble accounts on the Bank of Russia’s platform starting in 2025.

              CRYPTO

              CRYPTOCURRENCIES, DeFi and NFT

              Bitcoin analysts look to November as price action looks to mirror past cycles
              Bitcoin’s months of ongoing sideways price action could flip bullish as early as November if it behaves similarly to previous cycles leading up to a halving event, according to market observers.

              COINTELEGRAPH

              The ‘next leg’ of DeFi users will be institutions, Blockchain Capital’s expects
              Decentralized finance technology has been around for a while now but still hasn’t managed to attract the mainstream crowd, investor Santiago Santos observes. “We’re a decade in and we have ten users in DeFi”.

              BLOCKWORKS

              CrypToadz NFT sells for $1.6 Million in Ethereum linked to Tornado Cash
              The wallet that purchased the CrypToadz NFT today was recently funded with about 1,116 ETH from another wallet and that wallet received about 1,200 ETH from Ethereum coin mixing service Tornado Cash.

              DECRYPT

              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

              UNCHAINED PODCAST

              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

              Digital Assets Week
              November 14-15, 2023

              Next Block Expo
              December 4-5, 2023

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