NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Swissquote Becomes First Bank Worldwide to Launch ICO Service

Ricardo Esteves
Ricardo Esteves
6 years ago
2 mins read
ICO

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Online Swiss bank Swissquote announced the launch of its ICO offering, becoming the first bank worldwide to allow customers to buy tokens issued within an initial coin offering (ICO) supported by the Swissquote platform.

Swiss Diamond Producer Set to Raise $60.73 Million in First Bank-Mediated ICO Ever

As the financial industry adapts to the emerging world of cryptocurrency and token sales, Switzerland soon gained the reputation of being a crypto-friendly jurisdiction for blockchain startups. Regulatory uncertainty led some banks in the country to close accounts linked to crypto startups earlier this year, but as the dust settles, bolder institutions are showing initiative.

Swissquote, a leading institutional and retail online trading broker based in Switzerland, is opening new opportunities for the cryptocurrency market as a pioneer within the banking industry, according to a press release. The first ICO available on the platform will be LakeDiamond, a spin-off of the Swiss Federal Institute of Technology. The broker will take care of the execution as well as of the custody of the tokens issued by the company directly against Swiss francs (CHF) through their trading account.

The company produces high-grade diamonds with specialized reactors for industrial applications such as watch movements, lasers, and transistors. LakeDiamond aims to raise CHF 60.5 million, approximately $60.73 million, in order to ramp up its production capacities by buying 50 further reactors. Each token sold will represent machine production minutes, according to Mark Burki, Swissquote CEO.

“True to our philosophy to democratize finance by offering services that are simple and accessible to everyone, we are now offering our clients the opportunity to help grow startups. Combining crowdfunding with the blockchain creates a new form of fundraising. Thanks to contributions starting at 33 Swiss francs, clients can participate without being required to invest large sums into venture capital or private equity funds.”

33 Swiss francs, the minimum investment amount, is equivalent to 60 LakeDiamond tokens (LKD). During the pre-sale, which started today and ends on December 11, 2018, clients will receive an extra token for every 10 LKD purchased until CHF 4 million are raised. Each token is worth CHF 0.55, but the conversion rate will fluctuate after the public ICO, from mid-January 2019 to mid-February 2019.

The company will look to raise the equivalent to $60.73 million in order to boost its diamond production, according to Pascal Gallo, chief executive of LakeDiamond.

“With its ICO, LakeDiamond is seeking to accelerate its growth and is delighted to be the first company using the new ICO services offered by Swissquote.”

Before the ICO platform announcement, Swissquote was already offering a cryptocurrency trading offering. The platform allows clients to trade Bitcoin, Litecoi, Ripple, Bitcoin Cash, and Ether.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Ricardo Esteves
Ricardo Esteves

Ricardo Esteves

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Action Strong

Bitcoin Price Action Strong – Can Bulls Maintain Momentum?

Bitcoin price is showing positive signs above $114,500. BTC is now consolidating and might rise further if it clears the...

Aayush Jindal 17 hours ago
XRPL

XRPL Prepares Firewall Defense Against Rising Scam Threats

A loose but growing push is under way in the XRP community to build what some people call an “XRP...

Christian Encila 18 hours ago
Solana

Solana Treasury Player SOL Strategies Goes Public On Nasdaq

SOL Strategies Inc., the company that grew out of Cypherpunk Holdings, made its Nasdaq debut this week under the ticker...

Christian Encila 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand

Sebastian Villafuerte 3 hours ago
Bitcoin

$15M In Bitcoin Awakens From 10-Year Slumber As BTC Hits $116K

Christian Encila 9 hours ago
Crypto

Kraken Co-CEO And Barry Silbert Warn Of Crypto Bubble; 99% Tokens Could Tank

Ronaldo Marquez 14 hours ago

Premium Sponsors

Press Releases

  • Tyto 3 altcoiny explodují v aktuální sezóně – Bitcoin Hyper, Maxi Doge a Wepe SOL by mohly být dalšími generátory milionářů

    Maxi Doge ($MAXI): Investičná príležitosť medzi meme...

    3 hours ago
  • Maxi Doge ($MAXI): Investiční příležitost mezi meme...

    3 hours ago
  • イーサリアム...

    4 hours ago
  • ビットコイン...

    5 hours ago
  • 頑固な抵抗線を突破し、0.0001ドルへのラリーは可能か?

    シバコイン...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.