Strategic investor and partner for TokenSuisse AG

09.07.2018 10:59
Alain Kunz, CEO of TokenSuisse

Lucerne-based TokenPay has acquired 10% stake in TokenSuisse AG, formerly known as Coinlab Capital AG, with the option to increase its stake further. The deal has a high single-digit million value and rates TokenSuisse AG in the mid-double-digit millions.

TokenSuisse AG has established itself within a short time as a competence centre for blockchain and cryptocurrencies as well as token economics. The startup enables both private investors and institutional investors to bridge the gap between the old and the new world of finance. The company launched the world's first Multi Crypto Asset Certificate, which tracks ten of the key crypto currencies and balances them on a monthly basis.

Set up as a one-stop shop, TokenSuisse, with its continuous growing team of experts, does not focus exclusively on the areas of trading/brokerage, asset management, and advice/knowledge transfer, but also supports its clients in other topics such as ICO, Mining, and Storage.

Recently, the startup agreed to strategic investment and partnership with TokenPay Swiss, a Swiss FinTech investment holding company, responsible for the onboarding and coordinated management of strategically important projects for the further development of TokenPay's blockchain technology and crypto-currency-supported ecosystem.

Tokenpay Swiss acquired 10% stake thereby providing TokenSuisse AG with capital for further development. The strategic partnership enables the startup to realize its "proof of concept," to continue to grow with the new financial resources and to serve its customers even better. Scaling will be done through investment in technology and additional experts.

“The transaction allows us to make a significant contribution to TokenPay's growth strategy, further strengthening the Crypto Asset and Blockchain ecosystem," says Alain Kunz, founder of TokenSuisse AG.

Derek Capo, CEO of the internationally operating blockchain group TokenPay, sees great potential in the transaction: "Over time, TokenSuisse AG will become the investment banking arm of TokenPay and the German WEG Bank, where TokenPay Swiss AG two months ago also acquired a 9.9% stake with an option to buy 90%. In a second phase, TokenSuisse AG will contribute to the desired democratization of trading in Crypto Assets. Another project in the TokenPay ecosystem is eFin, a decentralized trading platform. TokenSuisse will provide products and services for eFin. "

(Press release)

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