Initium Group, a future corporate banking group, focused on providing high-quality traditional banking services to firms in the crypto and blockchain space, has officially announced its official launch and upcoming token sale.

Specifically, Initium is focused on rendering professional banking services to firms in the fintech, blockchain, gaming and related industries.

The firm plans to secure banking licenses with regulators in various blockchain-friendly jurisdictions, including Switzerland, Liechtenstein, Singapore, the United Kingdom and more.

Initium is scheduled to launch operations in the first quarter of 2020, and it plans to use a combination of private equity, institutional funding and a Security Token Offering (STO) and other legit means to set up its platform and meet local capital requirements.

In the coming months, Initium plans to raise the capital needed to obtain banking licenses in five countries.

To make this endeavour a fruitful one, Initium has joined forces with Swisscom Blockchain AG, a leading crypto infrastructure service provider in the heart of Switzerland.

Importantly, Initium Group is made up of the right mix of banking skills, technology, expertise and more, to enable it to adequately support the blockchain and crypto ecosystem, mitigate risks and offer clients excellent services.

Some of the services to be offered by Initium include debit card issuance, deposit taking, local payment clearing and more.

Commenting on the development, Daniel Spier, Initium Group CEO and founder noted that:

“A large number of new digital economy businesses find it difficult to get a banking partner that understands their true needs and is ready to serve them. The conventional risk modelling frameworks that traditional institutions use – coupled with their rather reactive nature, are just not responding to the growth aspirations of these new players. Initium Group sees this gap as an outstanding opportunity to help these fledgeling businesses get their ideas off the ground and actively participate in strengthening the foundations of the new economy.”

Initium plans to be a multijurisdictional corporate banking platform committed to supporting the growth of its customers from various regions across the world.

“We want to be a bank for the disenfranchised players of the new digital economy,” added Spier.

The post Initium Blockchain-Based Corporate Banking Announces Token Sale Event appeared first on ZyCrypto.

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