SwissBorg

SwissBorg was founded by Cyrus Fazel and Anthony Lesoismier in 2017 in Lausanne, Switzerland.[1]

In 2017, SwissBorg raised over $50M. In 2018, SwissBorg went on to hold one of the first on-chain referendums on the Ethereum, with 25k participants. A second referendum allowed community members to vote on the sector they would first like to engage in an ICO mentoring program. From 2018 to 2023, the company grew from a dozen experts to more than 200.[2]

In April 2020, SwissBorg launched the SwissBorg Wealth app, a wealth management app that enables the buying, storing, and/or trading of blockchain-based digital assets.[3][4] It integrates advanced AI-driven asset analysis and Portfolio Analytics to guide users in their investment decisions.[5] The SwissBorg app includes Smart Engine that analyses more than hundreds of trading pairs to find the best trade whether you buy or sell in your local currency.[6]

In August 2020, SwissBorg partnered with Onfido to verify applicant identities for its wealth management platform.[7]

In 2020, the company became a Venture Leader Fintech 2020.[8]

In March 2021, more than 280,000 people used the SwissBorg app, and the company had US$1 billion of assets under custory.[9] At the same time, a specialized wallet known as the Smart Yield Wallet was launched. This wallet is designed not only for users to store their digital coins but also provides an opportunity for them to gain yields, potentially as high as 20% in USDC. Furthermore, the wallet enhances the staking utility of the token by granting Premium account holders the potential to earn double the regular yield.[10][11] It's now called SwissBorg Earn.

In May 2021, the platform collaborated with OpenPayd, a payments and banking-as-a-Service (BaaS) platform. This partnership allows SwissBorg to integrate a comprehensive range of financial services.[12][13] In December 2017 - January 2018, SwissBorg's ICO raised $53m from 24,000 people in more than 149 countries.[14][15]

In October 2022, SwissBorg launched Thematics, a bundle of assets, grouped around a specific topic. SwissBorg Thematics provides a method for diversification by grouping assets based on particular themes.[16] The product is designed for a broad range of investors and emphasizes security, automation, and rebalancing, potentially reducing the need for continuous oversight and research.[17][18]

On November 28, 2022, SwissBorg was launched in the UAE. The app aims to facilitate investments for a broad user base.[19][20]

In April 2023, SwissBorg concluded a €24m Series A fundraising, breaking records in community-driven capital raising. The round sold 13,651,189 shares to 16,841 investors, achieving a valuation of roughly €200 million Swiss Francs.[21][22]

In July 2023, the platform released Golden Thematics which provides access to Gold through Tether Gold (XAUT), a digital token backed by physical gold. The Golden Thematic strategy aims to leverage potential upward price movements of Bitcoin and then shifts to gold as a defensive measure against potential declines in Bitcoin's value.[23][24]

In September 2023, SwissBorg had about 700,000 verified account holders.[25]

The company is accredited by the Financial Intelligence Unit (Estonia), the Supervisory Body for Financial Intermediaries & Trustees (Switzerland) and the Financial Markets Authority (France).[26][27]