Tezos Chosen by Swiss Banking and Fintech Operators to Deliver On-Chain Finan...
Incore Bank, in partnership with Inacta and Crypto Finance Group, has selected Tezos as their preferred blockchain platform to develop regulatory-compliant digital financial products via a newly developed token standard titled DAR-1. Tezos to Enable Smart Contracts for European Banks Business-to-business transaction bank Incore Bank, in collaboration with Inacta and Crypto Finance Group, has picked Tezos, an open-source proof-of-stake (PoS) blockchain network, to power smart contracts for a range of on-chain digital financial products and use cases. Together with....
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Although the draft for these new regulations has yet to be created, the government is hopeful they can shake up the Swiss banking sector. Regulation is always a double-edged blade. On the one hand, guidelines can help legalize new currencies and financial tools. At the same time, these rules can nip innovation in the bud at a very early stage. Switzerland wants to ease up on fintech regulation, which is excellent news for Bitcoin activity in the country. New rules have been proposed by the Swiss government to encourage fintech startups in the country. By easing these regulatory guidelines,....
The Switzerland firm is an independent sister company of Arab Bank plc. Arab Bank Switzerland announced Tuesday that it will integrate staking, trading, and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations, and high net-worth individuals. The 50-year old establishment partnered with Tezos in the hope of benefiting from the ecosystems inherent focus on energy conservation, low-gas fees and fast upgrades. Managing Director of Arab Bank Switzerland, Rani Jabban commented on the institution’s....
InCore Bank also announced the upcoming launch of Tezos custody, staking and trading services targeting financial institutions. Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business (B2B) transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain.InCore Bank officially announced Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source proof-of-stake (PoS) blockchain network.The involved companies have....
UBS / Shutterstock. The Wall Street Journal has reported that Swiss banking giant UBS have now publicly stated their plans to open a technology lab in London to explore block chain technology and applicable usage in financial services. More banks are dipping their feet in the proverbial waters of the cryptocurrency sector; is this another stone upon the starting avalanche? The lab will open later this month at Canary Wharf in London (UK), in the Fintech accelerator space Level39. The lab team and external guests will be tasked with experimenting with block chain tech and designing ways how....
The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection.
Supporting a New Generation of Artists
The Swiss non-profit organization, Tezos Foundation, recently said it has committed about $1.23 million (£1 million) to a fund, which will be used to collect non-fungible tokens (NFTs) of upcoming artists from Africa and Asia. The artists’ works....