Zurich-based financial boutique CAT Financial Products (CATFP) is expanding its presence in Switzerland with the opening of a new office in Lugano. This move marks the third location for CATFP, following Zurich and Geneva, as part of its growth strategy in structured investment solutions.The Lugano office will be led by Laura Paganetti, who joined CATFP […]
The historic Baur en Ville hotel in Zurich has reopened its doors after undergoing extensive renovations. The hotel, which was originally opened in 1838 by Johannes Baur, has a rich history and is now under the management of the Chinese luxury hotel group Mandarin Oriental. With a total of 170 rooms, the hotel has been […]
Bitfinex Securities has successfully raised $5.2 million through one of the world’s first tokenized bonds. The bond, issued by Alternative, a securitization fund under microfinancing platform Mikro Kapital, was denominated in Tether (USDT) and issued on the Liquid Network. The tokenized bond, named ALT2612, has a 36-month tenor and offers a 10% coupon.This achievement is […]
XRP, the native cryptocurrency of Ripple, has experienced significant developments in 2023. The token has seen ups and downs, with a notable rally in July that pushed the price above $0.80. The future price of XRP is a topic of debate among analysts, with predictions ranging from an 800% rally to reaching $5.50.Positive sentiments are […]
Ripple, a leading digital asset company, has chosen Ireland as its base in the European Union (EU) in preparation for the implementation of the EU’s Markets in Crypto-Assets (MiCA) regulation. This move demonstrates Ripple’s commitment to compliance and its readiness to adapt to evolving digital asset regulations.By registering with the Central Bank of Ireland as […]
Solend, the leading lending and borrowing protocol on Solana, has announced its upcoming launch on the Sui blockchain. This marks Solend’s first expansion onto a blockchain other than Solana and demonstrates their confidence in Sui’s technology and potential as a long-term partner. Solend currently has over $140 million in total value locked (TVL) and supports […]
Two well-known financial managers in Switzerland have successfully brought a Spac shell company to fruition, a feat that many of their competitors have not been able to achieve. VT5, the first and only Swiss Spac shell company, completed its listing just before the end of the year and ahead of the deadline. It recently took […]
Siobhan Archer has been promoted to the position of global stewardship lead at LGT Wealth Management. In her new role, Archer will be responsible for overseeing the firm’s stewardship strategy, which includes activities such as voting, engagement, and policy advocacy. She will also provide strategic input on LGT’s net-zero, biodiversity, and human rights initiatives, and […]
The Zurich Cantonal Bank (ZKB) has announced its plans to eliminate various account and card fees starting in 2024. This move comes as a response to the ongoing digitization in the banking industry, where the cost of maintaining a regular account should be minimal. While these fees may only amount to around 50 Swiss francs […]
Ripple, the blockchain enterprise, has been registered with Ireland’s Central Bank, allowing it to offer digital asset services in the country. This move positions Ripple to expand its services across the European Economic Area once the Markets in Crypto Assets Regulation takes effect in late 2024.Ripple has already established a presence in Ireland, opening an […]
