New Swiss Organization to push Blockchain Use in Finance

A new blockchain association has been established in Switzerland in order to simplify  the use of blockchain technology in the financial market
12 June 2018   1414

The Capital Markets and Technology Association (CMTA) is based in Geneva. It was created by Switzerland’s biggest law company in conjunction with Swissquote Bank and banking software provider Temenos. As claimed in the official press release, it is to construct tools to help instituted and new businesses to integrate blockchain technology into their operations in correspondance to open national standard, which it will also set.

It is a non-profit and non-governmental organisation and will thus be able to operate  in an independent manner. It was stated at the Ecole polytechnique fédérale de Lausanne, that is a study institute and university located in Lausanne, and the dean of of the university’s School of Computer and Communication Sciences will be joining the committee.

Gland-headquartered Swissquote Bank is a banking group that promotes online financial and trading services. It has offices outside of Switzerland - in Dubai, Malta, London and Hong Kong. Geneva-based Temenos was instituted in 1993 and offers banking software to thousands of world financial institutions. It purchased British trading technology supplier Fidessa Group for $1.96 billion in February 2018. Temenos was also voted Best Islamic Banking and Finance Software Solution at the World Islamic Finance Awards in March 2018.

Lenz & Staehelin, placed in Zurich, was created by a merger of two smaller laws companies in 1991 and has around 200 lawyers on its roster. The CMTA will be headed by Jacques Iffland, partner at Lenz & Staehelin. 

The blockchain technology has the potential to reduce the complexity of the capital markets system and lower the barrier of entry for start-ups. The current lack of legal certainty is slowing - and potentially compromising - its development in this field. By defining a set of industry-supported, open standards, the CMTA aims to facilitate access to funding for businesses, ultimately contributing to value creation throughout the economy.
Jacques Iffland
Partner, Lenz & Staehelin

Crypto Valley Association placed in Switzerland is a blockchain-friendly area in the city of Zug that is home to such famous firms as Ethereum and which has adopted Bitcoin as a payment method since 2016. It is aimed to conduct test elections using blockchain technology for the first time later this month.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1170

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”