Former UBS Bankers Net $100 million to Build a Crypto Bank
A Swiss startup launched by several former UBS bankers has raised $104 million in a bid to establish a regulated crypto-friendly bank.
The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform.
The purchases suggest institutional investors’ appetite for crypto exposure in the bull market goes far beyond bitcoin, or even ether.
Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat currency.
U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.