Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

2019-2-14 23:17

CoinSpeaker
Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

Aimed at players in such sectors as blockchain, crypto, FinTech and gaming whose banking needs are frequently underserved by established financial institutions, Initium Group will seek banking licenses to operate in Switzerland, Liechtenstein, the United Kingdom, Israel and Singapore to kick-off operations in the first quarter of 2020.

The bank will use a combination of private equity, institutional funding and a Security Token Offering (STO) to set up its infrastructure and meet local capital requirements.

Initium Group CEO & Founder Daniel Spier said:

“A large number of new digital economy business have a difficult time finding a banking partner that understands their true needs and is even willing to serve them.”

“The conventional risk modelling frameworks that traditional financial 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 fledgling companies get their ideas off the ground and actively participate in strengthening the foundations of the new digital economy.”

Primary Objectives

Initium Group‘s main objective in the next few months is to raise the necessary funds to secure banking licenses in the five target jurisdictions and begin its operations as scheduled. To facilitate the launch of the bank and its planned token offering, the company is closely collaborating with Swisscom Blockchain AG, one of Switzerland’s leading Blockchain technology and crypto infrastructure providers covering integration solutions and services for the  digital asset class.

Initium Group brings together the right mix of banking skills, industry expertise and new technology to particularly support the blockchain and crypto sector, mitigate the risk, and select clients on the strength of their business case, policies and procedures. Its service offering will include deposit taking, card issuing & acquiring, local payment clearing, as well as liquidity services.

Spier adds:

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

“Whether you are a successful Asian blockchain start-up trying to expand into Europe with no banking partner or a large law firm unable to process multiple license applications because no bank is willing to hold the funds for your clients, Initium Group will step in to help you navigate the waters and set foot on land.”

About Initium Group

Initium Group is a future multi-jurisdictional corporate banking group committed to supporting the growth of its clients. They intend to become the bank of choice for the promising and solid businesses building the new digital economy and are open to investors to participate in our future.

Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Trident Group (TRDT) на Currencies.ru

$ 0.0132492 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 42.85 %
Cегодня L: $0.0132492 - H: $0.0132492
Капитализация $16.072k Rank 99999
Цена в час новости $ 0.0181003 (-26.8%)

group banking launch future corporate upcoming sale

group banking → Результатов: 82


Corporate Banking Group Aimed at Blockchain and Crypto Players Announces Future Multi-Jurisdictional Launch and Upcoming Token Sale

Bitcoin Press Release: Initium Group – a future corporate banking group that will focus on providing traditional banking services in five jurisdictions to companies operating in the new digital economy – announced its official launch at a press conference in the Swiss financial capital this Tuesday, 12th February 2019.

2019-2-13 14:45


Фото:

Bitcoin con artists charged with $51M investment scam

In Taipei, a group of Bitcoin con artists have been charged with running an elaborate cryptocurrency scam that defrauded local and foreign investors out of millions of dollars. Authorities formally charged a 47-year-old man surnamed Lin, along with six accomplices, with violating Taiwan‘s Banking and Multi-Level Marketing Supervision acts with a fake Bitcoin investment scam, reports FocusTaiwan.

2019-1-18 16:03


Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.

2018-12-3 19:48


Ripple добавила Malaysian Banking Group CIMB в число своих партнеров

Малайзийская Banking Group CIMB, являющаяся 5-м крупнейшим банком в мире, с более чем 1000 филиалами в Юго-Восточной Азии, заявила о партнерстве с Ripple. Это стратегическое партнерство позволит CIMB обеспечить мгновенные трансграничные платежи с использованием технологии Ripple xCurrent.

2018-11-16 13:36


Blockchain and AI-Based ‘Smart City’ is Being Built by China’s Ping An Insurance Group and Sanya

According to news outlet, Coin Telegraph (https://cointelegraph.com/news/china-insurance-giant-ping-an-sanya-city-govt-to-build-smart-city-with-blockchain), one of China’s largest insurance, banking and financial services provider, Ping An has signed an agreement with Sanya’s government in what seems like a future “Smart City” based on evolving technologies such as blockchain, artificial intelligence (AI), cloud-computing etc. The signed agreement seems to deal with not only […]

2018-11-15 04:28


IT Giant Fujitsu Teams With 9 Banks For Blockchain Settlement Trial in Japan

IT Giant Fujitsu Teams With 9 Banks For Blockchain Settlement Trial In a press release on Monday, the technology corporation Fujitsu informed that a group of nine Japanese banks approached it for a field trial involving blockchain technology for faster and secure settlements of banking transactions. The press release informs that the test’s goal is: […]

2018-10-30 03:48


К блокчейну JPMorgan Chase присоединилось ещё 75 банков

Семьдесят пять финансовых учреждений присоединились к программе тестирования Interbank Information Network (IIN), построенной на блокчейне JPMorgan Chase. Тестирование блокчейн-платформы JPMorgan Chase начал в апреле этого года совместно с Australia and New Zealand Banking Group и Royal Bank of Canada.

2018-9-26 07:00