VICTSWISS AG was incorporated in the Canton of Zug in Switzerland to benefit from one of the worldâs leading registration and regulation advantages and the unique blockchain and crypto ecosystem that is now fruitfully growing in the region. As so VICTSWISS AG has competitive advantages to be able to operate locally and globally with clear regulatory directives under the classification of so called Crypto Bank. By becoming the first crypto bank in the so called Crypto Valley Zug in Switzerland, VICTSWISS AG will on one hand benefit from the unique environment of the ecosystem and on the other hand will be able to support the thousands of already established crypto and blockchain related companies with the clear prospective of thousands more to come in a very short future.
Crypto operations like holding or vault for crypto assets presents a new set of legal, auditing and accounting challenges like taxation, evaluation, different kind of fees etc. VICTSWISS AG will provide complete range of financial services for business to open the horizon for the development of this new economy.
VICTSWISS AG plans to provide its private customers with comfortable and easy to use tools for obtaining, storing, trading and exploiting digital assets including private banking service, crypto currency bank card processed by VISA and MASTERCARD ATMs and POS terminals, currency exchange and vault.
In addition the company will provide its customers with access to multiple banking products and instruments including crypto currency based bank card processed by VISA and MASTERCARD ATMs and POS terminals, capital markets operations, fast and safe settlement and funds transfer technologies based on blockchain platform. VICTSWISS AG will provide services and solutions for Trading, Dealing, Funding, Currency Exchange, Corporate and Private Banking and Cards Operations. In general VICTSWISS AG will provide solid baking infrastructure and full range of services allowing multiple crypto or blockchain based businesses to develop in similar or even better financial environment compared to the traditional ones and even benefit by mixing or augmenting crypto and fiat models.
Based on the blockchain technology the company plans to provide B2B services for traditional banks, financial services and institutions allowing technological advantages and bidirectional benefits.
Our initial goal is to build a sandbox innovative banking service and apply for regulation from Swiss Finacial Regulator FINMA for operation under newly determined category in the Swiss Banking Act the so called Banking License âLightâ. To crypto businesses, we will offer a financial infrastructure foundation on which to develop. For individuals, VICTSWISS AG will connect the familiar world of online banking with the possibilities of buying and owning cryptocurrency.
We have already raised more than $1 million from our investors and we are looking further to extend our capital on the next stage to more than $5 million. On a final stage we plan to go even further and raise $40 million.