Following 18 months of development, SMART VALOR is now live offering 9 Crypto-Fiat trading pairs. The Zug-based startup has also obtained CHF 3.2 million from Venture Incubator (VI) with the contribution of Asian and US institutional investors.
Founded in 2017, SMART VALOR operates a digital asset exchange platform in Switzerland and Lichtenstein, providing an integrated offering of custody, trading and brokerage to a global audience of investors.
Along its founding journey, the company obtained approval from the regulatory authorities to operate as a financial intermediary in Switzerland and from local authorities in Lichtenstein, for the company's subsidary, to operate a Crypto-Fiat exchange.
Today, after three years of development, the digital asset exchange platform has gone live offering 9 Crypto-Fiat trading pairs. The assets available on the Smart Valor Platform will include cryptocurrencies and security tokens. During the go-live, two major cryptocurrencies, Bitcoin and Ethereum will be available in four fiat currencies: CHF, EUR, GBP and USD. Further carefully selected, attractive cryptocurrencies and blockchain-based tokens will be added on a monthly basis, helping investors to make the right choice in the new field of digital assets. Gradually, security tokens backed by real assets will be added to the spectrum of available assets once the regulatory process is approved.
The platform is backed by a technology that enables processing of one million orders per second, a seamless and fully compliant onboarding process and secure custody. The custody and wallets are provided jointly with SMART VALOR’s partners, established global leaders in crypto security - France-based Ledger and US-based BitGo.
SMART VALOR obtains CHF 3.2 million from investors
In addition to the exchange’s native cryptocurrency, VALOR, which is currently traded with significant volume on four cryptocurrency exchanges, the company has also obtained additional funds of CHF 3.2 million from the Swiss-based VC fund, Venture Incubator (VI), which is managed by the leading Swiss venture capital firm VI Partners AG and has shareholders such as Credit Suisse, Nestle, Novartis, ABB and other global Swiss corporations. Other Asian and U.S. institutional investors, such as Tally Capital also contributed to the funding.
“After 18 months of development, we are excited to go live with a core element of the SMART VALOR Platform - the exchange. This brings us a huge step forward to our vision of becoming the world’s first security token exchange for alternative investments” said Olga Feldmeier, SMART VALOR’s CEO.
(Press release)
Photo: SMARTVALOR
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