Switzerland is and will remain a major European house number for crypt developments. Two companies there have launched a platform for the sale of so-called “bankable” cryptosector products. The allegedly worldwide first of its kind.
Platform to achieve rapid growth
How many projects and platforms did the new portal for the issue of financial products related to the cryptosector and the banking sector emerge in the Canton of Zug in equal measure? The region is often referred to as Crypto Valley, as countless local companies have settled here over the years. The Ethereum Foundation has its headquarters there, among other things. Together with its partner Inacta, Gentwo is now launching the platform of the newly founded joint venture “Gentwo Digital” onto the market. As a provider Inacta is a declared expert in the field of blockchain based services.
Stronger connection of crypto currencies to the banking world
The new issuing platform could become a pioneer for trading in financial products of a bankable nature in the crypto currency sector. What’s the point? Gentwo Digital ensures that crypto-based systems can be marketed and mapped as precisely these bankable products with a Swiss ISIN. Gentwo Digital’s cooperation partner on board is the Zurich-based financial group “Crypto Broker”. Together they want to open up new ways for customers in the rapidly growing market for crypto-assets.
Strong network of Swiss crypto companies right at the beginning
The current reports show that more than 600 companies in the blockchain sector from the Zug region alone already belong to the new pool of Gentwo Digital. The emissions platform thus once again strengthens the importance of the canton for Switzerland as a business location. Currencies such as the Litecoin and Monero could also benefit from further opportunities to finally gain a stronger foothold in the banking sector. The roles in the joint venture are clearly distributed. Gentwo issues and securitizes the resulting facilities, while Inacta integrates the service model into the crypto products and services industry.