Hypothekarbank (“Hypi”) Lenzburg, a Swiss mortgage bank, has entered into a partnership with TokenSuisse, a Swiss crypto asset manager, to widen the service offerings of the bank to blockchain and cryptocurrency firms. The latest initiative was tweeted by the bank, in addition to an official news release by TokenSuisse.
Hypi Lenzburg is led by CEO Marianne Wildi, supposedly an erstwhile developer who initially established the bank’s loan assistance to crypto and blockchain companies in June 2018— a noteworthy push in a domestic perspective where banking assistance to the budding sector is a heavy problem. TokenSuisse AG is an investment consultant firm premised on crypto assets and blockchain and an authorized partner of TokenPay, a crypto-fiat payment firm.
The company asserts to have introduced the world’s first international multi-crypto asset certification, accompanied by a certificate of privacy coin in February, as revealed by financial news outlet FinNews. The bank told tabloids that in collaboration with TokenSuisse it is planning to continue its latest models in blockchain and crypto.
Back in January Hypi Lenzburg struck a deal with Swiss crypto bank Seba to enable Seba’s decentralized platform to be incorporated into the core conventional banking system of the Hypi, Finstar. It is also disclosed that the collaboration enables Seba to choose Finstar to handle and save dealings made with cryptos and other tools based on blockchain.
In particular, Seba expects the Swiss Financial Market Supervisory Authority to obtain a banking and securities license before June 2019. If everything goes as per plan, the license would permit the bank to engage legitimately with other banks, investors and other financial institutions to carry out crypto-trading and investment.
