blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Smart Valor Receives Regulator’s Approval to Enter Swiss Financial Market

Tom Nyarunda by Tom Nyarunda
September 7, 2018 - 12:00 am
in blockchain news
0
Swiss
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Switzerland’s financial market supervisor has granted a startup Smart Valor the coveted license to operate in the Swiss financial market. FINMA’s approval open’s the way for the company to unveil an online investment platform later this year.

An official statement quoted by Reuters says the local Financial Services Standards Association (VQF) will now regulate Smart Valor on behalf of the Financial Market Supervisory Authority (FINMA). FINMA has allowed VQF to become its anti-money laundering compliance arm.  

Enhanced Goodwill

Smart Valor’s new status as a FINMA approved financial platform will enable the blockchain startup to gain more credibility in the market since the watchdog will actively supervise it to ensure AML compliance. FINMA and VQF did not comment on the report and it’s therefore not clear whether Smart Valor was the only company given the new status.  

The Reuters report further stated that Smart Valor was likely to unveil an alternative online platform that will include digital currencies later this year. However, the company has indicated it is applying for a banking license which it hopes will enable it to offer securities investment in early 2019.

Smart Valor’s Olga Feldmeier told Reuters they believe tokenization will introduce a new approach to investing. Olga stated:

“Tokenization transforms the way people own things, improves liquidity, and makes these investment opportunities accessible to a broader audience of investors.”

About Smart Valor

Smart Valor is a blockchain Startup that intends to facilitate cross-border crypto finance. Based in Zug, Switzerland’s “Crypto Valley,” Smart Valor plans to create a decentralized marketplace to provide a tokenized alternative investment that’s backed by the secure custody of crypto assets.  

Switzerland is trailing the blaze for countries active in cryptoshpere and is creating positive legislation to promote blockchain-based projects. In July this year, local companies assisted the Zug government to launch the first-ever online voting system based on blockchain technology, which trial involved 72 out of 240 citizens.

Alternative investments have a huge potential market and Smart Valor is likely to make it big with their idea of tokenizing liquid assets and streamlining the trading process. The company is presenting the VALOR platform as a blockchain-based solution and they plan to make it official to comply with local regulations. The company’s statement said further:  

“Pending regulatory approval, the VALOR platform will expand its offering to asset-backed tokens, such as equity in blockchain companies, blockchain-related infrastructure projects, real estate, crypto funds, venture capital, and private equity funds.”

 

Tags: Blockchain
ShareTweet
Tom Nyarunda

Tom Nyarunda

Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Recommended For You

Uwerx (WERX) Launches Alpha Platform First Phase with More to Come In Coming Weeks

by Josh Fernandez
June 2, 2023 - 11:07 am
0

Uwerx announces the launch of its alpha platform's first phase, marking an exciting milestone in its journey to transform the freelancing industry.

Read more

TrustBit Joins Forces with REI Network to Unite Blockchain Advancement

by Umair Younas
June 1, 2023 - 1:59 pm
0
trustbit rei network

The initiative is focused on enhancing blockchain innovation. TrustBit is determined to offer a friendly and cost-effective blockchain agenda.

Read more

Sweat Economy Introduces “Minting Pause,” A Revolutionary Tokenomics Approach

by Mushu Butt
June 1, 2023 - 11:32 am
0
sweat economy

Sweat Economy is gearing up to introduce an innovative feature called "Minting Pause," aiming to actively incentivize engagement from its users.

Read more

RKVST Secures Patent to Solve Storage Challenges and Enhance Scalability

by Kester Odero
June 1, 2023 - 11:06 am
0
RKVST

RKVST secures groundbreaking patent to revolutionize blockchain data storage, addressing scalability and affordability challenges.

Read more

Pi Network Announces the Launch of Exclusive Web3 Social Protocol ‘Fireside Forum’

by Umair Younas
June 1, 2023 - 10:35 am
0
Pi Network

Pi Network has disclosed that the respective project would be based on Web3 technology and will provide new features to consumers.

Read more
Next Post
australia

Aussie Blockchain Startup to Allow Customers Turn Change into Cryptocurrency

PARTNERS LIST

  • sp

PRESS RELEASE

DiscoverthePowerofBRCLearnNowxnxuMuCflZ

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

by Chainwire
June 1, 2023 - 8:13 pm
0

SAN FRANCISCO, UNITED STATES, June 1st, 2023, ChainwireWith BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens...

photoy

HedgeUp (HDUP) Showcases Why It’s a Better Token Than Chainlink (LINK) and Solana (SOL)

by Max Clark
June 1, 2023 - 1:38 pm
0

Explore the dynamic world of cryptocurrencies with our detailed analysis of HedgeUp (HDUP), Chainlink (LINK), and Solana (SOL).

kine protocol

Kine Protocol Achieves Major Milestone with MSB Cryptocurrency Trading License

by Max Clark
June 1, 2023 - 10:12 am
0

Kine Protocol, a leading decentralized exchange, earns a milestone MSB Cryptocurrency Trading License, marking its entry into the US market.

imageedithAICLCD

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

by Chainwire
May 31, 2023 - 2:06 pm
0

London, United Kingdom, May 31st, 2023, ChainwireMarking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise