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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Cryptocurrency Firms In Switzerland To Offer Tokenized Products On Tezos

Asad Gillani
Asad Gillani
3 years ago
2 mins read
Cryptocurrency Firms In Switzerland To Offer Tokenized Products on Tezos

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.

Crypto Finance, Inacta, and InCore Bank have combined to form the Swiss financial trio, and they have joined forces in establishing financial products regulated on Tezos.

The three Switzerland firms focus on crypto; they use the Tezos blockchain to provide institutions tokenized assets. Their major target is to serve and satisfy institutional clients.

FINMA is partnering with Inacta and InCore Bank to provide regulated financial products with the recent tokenization process. The company announced this on Tuesday, adding that the process will follow the standard of Tezos FA2.

FINMA is the Swiss Financial Market Supervisory Authority is the Swiss government body responsible for financial regulation.

Related Reading | Reports Show 45% Surge In Stock And Cryptocurrency Sign-Ups Across Rural Areas In India

It’s a licensed cryptocurrency trading firm established in 2007 with Mark Branson as the CEO. Their services include the supervision of banks, stock exchanges,  insurance companies, securities dealers, and other financial intermediaries in Switzerland.

InCore Bank had announced the onboarding of institutional-grade staking, storage, and trading services. This would be for XTZ, the Tezos blockchain native cryptocurrency.

The Tezos blockchain

Tezos is an open-source Proof of Stake, a decentralized blockchain network capable of executing peer-to-peer transactions. In addition, it serves as a platform for deploying smart contracts with the Tez as its native crypto represented as XTZ.

Tezos was among the first blockchains to integrate a proof-of-stake consensus system in 2018. Tezos has its foundation located in Switzerland, similar to other public blockchain foundations.

Crypto Finance acts as the provider of the infrastructure on the project while InCore Bank carries out tokenization. The Bank would use the new ‘DAR’ standard of 1 token on Tezos built by Inacta.

According to Stijn Vander Straeten, Swiss regulators are not far from issuing approval to the first tokenized product on Tezos.

Stijn Vander Straeten is the CEO of Crypto Finance (Infrastructure Services) AG in the Crypto Finance Group.

Before joining the firm, Stijn worked for a fintech bank in Zug as the CEO. He has thirteen years of experience in the banking, wealth, and asset management sectors, holding various positions in senior management.

Areas To be Tokenized on Tezos

Vander Straeten revealed their plans while talking about the areas to be tokenized on XTZ. He stated that We would definitely kick start with the simpler ones, mostly in private debt. Then we will gradually move into the private area of equity.

Related Reading | FTX Bags Naming Rights Of Cal Memorial Stadium For $17.5M To Display Their Brand

However, the XTZ ecosystem slacks the aspect of development, though it barely reflects on the price of the XTZ token.

Cryptocurrency Firms In Switzerland To Offer Tokenized Products on Tezos

The XTZ token trades at $5.56 in downward momentum | Source: XTZUSD on TradingView.com
Featured image from Pixabay, chart from TradingView.com
Tweet123Share196ShareSend
Asad Gillani
Asad Gillani

Asad Gillani

Asad is a freelance writer. He is interested in cryptocurrencies, technology, and in particular the subject of online security. An open supporter of freedom of speech, privacy, and equality for all. On a personal level, he likes to stay socially active, loves playing snooker, cricket, enjoys seafood and loves listening to folk music.

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

TRON Shows Adoption Strength As Volume Still Led By Big Transfers – Details

Tron Shows Adoption Strength As Volume Still Led By Big Transfers – Details

Tron (TRX) is once again in the spotlight as it tests the upper and lower boundaries of a key consolidation...

Sebastian Villafuerte 7 hours ago
Bitcoin

Bitcoin Price Risks Market Crash After Closing Below Final Weekly Resistance

Crypto analyst Rekt Capital has warned about a potential crash for the Bitcoin price, after the flagship crypto closed below...

Scott Matherson 8 hours ago
Ethereum

Ethereum Indecision Masks A Bullish Setup – Here’s Why BTC Holds The Key

CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction....

Godspower Owie 10 hours 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

Ethereum

Ethereum In Demand: ETF Inflow Streak Extends To 7 Weeks

Keshav Verma 9 minutes ago
Bitcoin

Michael Saylor Drops $500 Million On Bitcoin—What’s His Next Move?

Christian Encila 4 hours ago
Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High

Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High

Sebastian Villafuerte 6 hours ago

Premium Sponsors

Press Releases

  • Ethereum Enthusiasts Easily Earn a Stable Daily Income of...

    5 hours ago
  • Hledáte nejlepší kryptoměny k nákupu v roce 2025

    Hledáte nejlepší kryptoměny k nákupu v roce 2025? Tady...

    8 hours ago
  • Cauți cele mai bune criptomonede de cumpărat în 2025?...

    8 hours ago
  • Tražite najbolje kriptovalute za kupnju u 2025. 4 top izbora za vaš portfelj

    Tražite najbolje kriptovalute za kupnju u 2025.? 4 top...

    9 hours ago
  • 今が狙い目の割安アルトコイン特集|注目すべき銘柄をチェック!

    ...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.