SwissBorg aims to bring in a new era in the world of Swiss private wealth management complete with smart contracts. The project has a community-centric approach that runs on Ethereum and smart shares. This is the very first Swiss fintech startup that will offer tailor-made services for investment in the crypto market. SwissBorg will appeal to individuals, financial advisors, investment managers, and DAOs.
Who Developed SwissBorg?
The CEO and founder of SwissBorg is Cyrus Fazel. The co-founder and CSO is Anthony Lesoismier. Christophe Diserens is the COO, Maxime Gillot is the CIO, Marco Guerreiro is the head of quantitative strategies, Micha Roon is the smart contract expert, Olga Vorobyeva is the head of PR and CM, and Maelle Baud is the head of digital marketing. Colin Wirz is the python developer, Tomas Shanak heads IT operations, Deni Dudaev is the business development manager, Mai Kiguchi is the blockchain advisor, and Ken Yagami is the head of Japan.
The advisors include Henri Haeni, who is the CEO of Abilene Advisors; Dhanesh Kothari, who is an IT senior program manager; Samuel Johnson, who is the CTO of Smartlink SA; Daniel Gasteiger, who is the founder of Procivis AG; Miko Matsumara from Pantera Capital; Alexander Fazel, who is the founder of Chameleons Japan; Enrico Ferro, who is a digital innovation guru; and David Drake, who is an investor.
How Is SwissBorg Unique?
At the moment, there are no Swiss fintech startups with those tailor-made investment services within the crypto market, something SwissBorg will change. In addition to this, it will use smart contracts, part of the smart investment mandate that is powered by the technology of the Ethereum blockchain. Between digitalization and cryptography, SwissBorg will have additional customization and accessibility compared to other similar projects in place.
SwissBorg is also a meritocracy, meaning that every single community member will be able to contribute to the platform’s community. Even better, members will be rewarded for their contributions, so their hard work does not go to waste. The team behind SwissBorg feels that each individual is unique. That is why the project will offer tailor-made services to fit each person’s specific requirements.
The project also uses a combination of AI optimization, Swarm intelligence, and automation to improve strategy and trading governance, further setting it apart.
Who Will Benefit from SwissBorg?
Nearly anyone, whether an individual or entity, will be able to benefit from SwissBorg. Decentralized Autonomous Organizations (DAOs) are the way of the future as the world becomes more tokenized. The team behind SwissBorg anticipates that current corporate business models will become a DAO model. They also anticipate the evolution of multicurrency management (including for multi-cryptocurrencies) and cash management. With SwissBorg, DAOs can take advantage of these changes instead of being left behind.
Those in the financial community will also benefit. This is simply the next level of creativity from quantitative investment managers and wealth managers. Private people who hold crypto-assets will be able to benefit from this entirely new type of financial services. Between the smart contracts, AI, and self-learning algorithms, the investment mandates are tailor-made without extreme expenses like you would expect from a private financial advisor.
The SwissBorg ICO begins on Nov. 21, 2017. There are actually two different tokens for the ICO. The CHSB token is the way to become a member of the future startup. CSB, or SB Cryptallion, is a multi-strategy token hedge fund.
With the CSB tokens or the Cryptallion Fund, the goal is 350,000 ETH. CSB is ERC-20. Any unsold tokens are going to be destroyed. 50 percent of the funds will go to fund performance, with 40 percent reinvested within the fund and 10 percent distributed within the SwissBorg network.
This token’s objective is to deliver strong, positive, and absolute returns within cryptocurrencies. The token should reduce risk and volatility because of its diversified strategies, and this token fund will use a multi-strategy approach. The fund is closed end, meaning that tokens will only be sold during the TGE. Following this, you can only get them via trades on exchanges. Investors will get quarterly returns, and the fund results will be completely transparent. The management team behind the token has a combined experience of over 80 years with hedge funds across time zones.
50 percent will be strategic directional, with 10 percent allocated to each of the following: ICO fundamentals, event driven, trend following and mean reversion, crypto lending, and arbitrage opportunities.
Like CSB tokens, CHSB is ERC-20. The goal is 50 million CHF with a total supply of 1 billion. The supply is fixed, with any unsold tokens being reserved for use in further development. Soon after the ICO finishes, the CHSB token will appear on exchanges.
Those who hold CHSB tokens will be actively involved in the network’s development. With tokens, holders can vote on the technical aspects of the project development. They also get sharing revenue from the network.
Once the C-share technology or equivalent becomes operational, token holders can receive a SwissBorg C-Share for their CHSB token. While the ERC-20 technology tokens provide membership, C-Share tokens give the holder the status of a smart shareholder. Holders of the ERC-20 tokens have the right to vote on technical projects and receive revenue sharing, both of which are based on smart contracts. C-Share holders have the right to on-chain governance and on-chain dividends, each of which is based on the Smart Swiss Cooperative.
The revenue streams involve trading fees for investment services and performance and management fees from investment solutions. By bridging the link between on-chain and off-chain investments, SwissBorg can deliver investment solutions for either world.
Will SwissBorg Be Regulated?
One of the goals of SwissBorg is to be regulated within Switzerland. As such, all clients can expect to have some of the values which make Swiss banking so desirable, such as reliability, forward thinking, and precision.
Considering the powerful reputation that Swiss Banking has developed around the world for reliability and security, SwissBorg should be a very welcome addition. Investors, businesses, and more will likely welcome the ease of taking advantage of a Swiss bank. The ability to customize investments for each client is also noteworthy, making SwissBorg even more innovative.