•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Laxman Pai, Opalesque Asia:

Swissquote, part of Swiss banking group focusing on online financial and trading services has become the first bank in the world to offer its client with the opportunity to participate in Initial Coin Offerings (ICOs).

The online bank's clients can now invest their Swiss francs directly in initial coin offerings, said a press release from the company. Interestingly minimum buy in starts at just 33 francs, opening up many more channels of investment.

The bank has opted to start with LakeDiamond, a Swiss-based company growing "ultra pure" diamonds in laboratories for use within tech applications.

LakeDiamond produces human-made high-grade diamonds in a controlled environment that have specialized reactors for applications such as watch movements, lasers or transistors.

The release quoted Swissquote CEO Marc Burki as saying: "Our philosophy is to democratize finance by offering services that are simple and accessible to everyone, we are now offering our clients the opportunity to help grow start-ups. 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."

Pascal Gallo, CEO of LakeDiamond added: "LakeDiamond has developed and continues to develop its cutting-edge technology combining lab-grown ultra-pure diamonds and high-end industrial a......................

To view our full article Click here