Swiss Central Bank Chief Rejects Bitcoin as National Reserve Asset
Swiss National Bank President Martin Schlegel dismisses Bitcoin as a potential reserve asset, citing volatility, liquidity issues, and security risks. The stance comes amid a proposal requiring SNB to hold Bitcoin, which could trigger a public referendum if it gains enough support.
SIX Exchange Pioneers Crypto Collateral Integration for Traditional Finance
Swiss exchange operator SIX launches Digital Collateral Service enabling institutions to use cryptocurrencies alongside traditional assets as collateral. The groundbreaking platform supports seven major cryptocurrencies and streamlines collateral management through a unified system.
BlackRock Expands Crypto Footprint with First European Bitcoin ETF Launch in Switzerland
BlackRock, managing $4.4 trillion in assets, launches its first European cryptocurrency product with a Bitcoin ETF in Switzerland, following its successful U.S. spot Bitcoin ETF. This strategic expansion demonstrates growing institutional acceptance of cryptocurrencies and reinforces BlackRock's pioneering role in bridging traditional finance with digital assets.
UBS Tests Layer-2 Blockchain Platform for Digital Gold Trading Service
Switzerland's largest bank UBS has successfully tested its Key4 Gold digital investment platform on ZKSync Validium, an Ethereum Layer-2 network. The move aims to enhance scalability, privacy, and asset transfers while modernizing precious metal trading through blockchain technology.
Swiss State Bank PostFinance Launches Ethereum Staking Services
PostFinance AG, Switzerland's government-owned bank, introduces Ethereum staking services for customers through its e-finance platform, becoming the first systemically important financial institution to offer crypto staking. The implementation uses native staking directly on the Ethereum blockchain for maximum security and transparency.
Swiss Crypto Bank Sygnum Reaches Unicorn Status with $1 Billion Valuation
Digital asset bank Sygnum has achieved unicorn status after raising $58 million in an oversubscribed funding round led by Fulgur Ventures. The Swiss-Singaporean bank manages $5 billion in assets across 60+ countries and plans expansion into Hong Kong while emphasizing regulatory compliance.
Global Powers Embrace Bitcoin as National Reserve Asset in Historic Shift
Major nations including the US, Switzerland, and others are making unprecedented moves to incorporate Bitcoin into their strategic reserve assets. This transformative shift in global monetary policy reflects Bitcoin's growing role as a hedge against inflation and tool for financial independence.
Swiss Bitcoin Initiative: Voters May Force Central Bank to Hold BTC Reserves
Switzerland's Federal Chancellery has approved the 'Bitcoin Initiative,' paving the way for a potential national referendum on requiring the Swiss National Bank to hold Bitcoin reserves. The groundbreaking proposal could make Switzerland one of the first countries to mandate cryptocurrency holdings for its central bank.
Floki DAO Plans European ETP Launch in Bold Move for Memecoin Sector
Floki's governing body proposes launching an Exchange-Traded Product on Switzerland's SIX Swiss Exchange in early 2025, potentially becoming Europe's second memecoin-based ETP after Dogecoin. The initiative involves allocating $2.8M worth of treasury tokens for liquidity while aiming to bridge DeFi with traditional finance.
Swiss Crypto Firm 21Shares Predicts Bitcoin Reserve Adoption and Ethereum Growth by 2025
21Shares forecasts crypto ETPs reaching $150B in assets by 2025, with another nation likely adopting Bitcoin as reserve currency. The Swiss firm also projects Ethereum's strong comeback through layer 2 integrations, while highlighting increasing stablecoin adoption across traditional finance.