June Recap – Bitcoin Suisse’s strong comeback, new Chairman Marco Menotti, 0% custody fee on USDC, issuance of tokenized bond, and more
Jul 1, 2024 - 5 min read
I am excited to step into the role of Chairman at this decisive time of institutional adoption, scaling, and acceleration of the development of crypto markets. I aim to leverage our industry-leading crypto expertise and our highly skilled teams to become an internationally operating, rapidly growing, and profitable crypto authority. Our deep knowledge and proximity to the crypto industry allow us to continuously innovate and deliver industry firsts at an institutional level. With this approach, I believe we can take Bitcoin Suisse to new levels of success and continue to lead in this evolving financial landscape.
Marco Menotti, Chairman
Products & Services
Bitcoin Suisse x Circle
Zero crypto custody fee on USDC holdings
Bitcoin Suisse has removed the crypto custody fee on USDC holdings. This move follows a collaboration with Circle, the issuer of USDC, announced in January 2024. The latest advancement of the collaboration enables Bitcoin Suisse clients to store their USDC holdings free of charge on their Bitcoin Suisse Online Account. The latter is designed for fast transactions and flexible connections to third parties such as exchanges, while crypto assets are held on separated blockchain addresses, providing utmost security – the optimal choice for storage supporting trading liquidity.
Bitcoin Suisse introduced a new theme page regarding USDC and all of its use cases. Find out more here.
Bitcoin Suisse x Obligate
Bitcoin Suisse issues tokenized bond on Obligate
Bitcoin Suisse has launched its first tokenized bond on Obligate, a leading on-chain capital markets platform. This strategic issuance is set to propel the growth of Bitcoin Suisse’s lending business. It features sophisticated collateral management and leverages Circle’s USDC for settlement on the Polygon PoS network. Discover more in our Press Release or explore tokenized bonds in Switzerland in this Tippinpoint article (available in German).
Company & Industry Highlights
Annual General Assembly
New Chairman of the Board: Marco Menotti
Bitcoin Suisse Group held its Annual General Assembly on June 20 in Zug. Shareholders approved the financials presented by the CFO Timo Musiol and welcomed Ani Banerjee as new board member. The Board of Directors transitioned its presidency from Luzius Meisser to Marco Menotti, who joined the board at last year’s General Assembly.
Bitcoin Suisse made a remarkable comeback in 2024. After reporting a net loss of CHF 13.0 million for 2023, Bitcoin Suisse achieved a net income of CHF 17.2 million in the first quarter of 2024, more than offsetting the previous year’s losses. At the General Assembly, CEO Andrej Majcen reaffirmed Bitcoin Suisse’s commitment to its roots and core strengths, leveraging the growing synergies between crypto assets and traditional financial markets. Explore more in the Press Release here or read Finews respective article here.
Bitcoin Suisse would like to thank all shareholders for their renewed expression of trust. We are eagerly anticipating an exciting future ahead.
Crypto Valley Visionaries 2024
Co-Founder Fabian Hediger recognized as Crypto Valley Visionary
Our Co-Founder Fabian Hediger has been honored as Crypto Valley Visionary 2024 in the digital asset service providers category. This recognition, curated by Web3 Fest, celebrates individuals driving innovation, pushing boundaries, and inspiring change in the dynamic world of blockchain. We extend our sincere congratulations to Fabian for his well-deserved recognition.
CEO in the news
Andrej Majcen in interview: Bitcoin Suisse, quo vadis?
Bitcoin Suisse CEO Andrej Majcen has recently been featured in different media outlets for interviews. Read more about Andrej’s career path, achieved milestones, the founding of Bitcoin Suisse, and a glimpse into the future in this extensive interview with beincrypto.com here (available in German).
In an interview with BTCEcho, Andrej talks about how Bitcoin Suisse managed to achieve the turnaround after the prolonged bear market, recent partnerships, and how MiCAR will influence the future crypto markets. Read the interview here (available in German).
In a discussion with Finews, Andrej opened up about where Bitcoin Suisse will go in the future, talks different strategy scenarios and growth strategies. Read the article here.
#CVC2024
Bitcoin Suisse x Crypto Valley Conference
This year’s Crypto Valley Conference has successfully wrapped up and as always, it has been an event with many insightful panels and discussions with experts from the industry. Our CEO Andrej Majcen participated in a panel discussing the future of banking, while Yves Holenstein, Head Custody & Staking, talked about minimizing risks in staking.
The panel discussions can be rewatched on CVC’s YouTube channel here.
Research
New Publication
Crypto Wealth Management Report
Bitcoin Suisse is proud to present the first issue of the Crypto Wealth Management Report, highlighting digital assets in the landscape of traditional wealth management.
This report offers valuable guidance for asset managers and investors navigating the complex crypto landscape. It features in-depth analysis from our Research team, up-to-date information, and contributions from our partners and clients.
We invite you to explore the insights in our report, showcasing Bitcoin's potential as a leading asset class in wealth management.
The Weekly Wrap
The latest news at a glance
Stay informed about the latest news in the world of crypto with the Weekly Wrap from Bitcoin Suisse every Friday. You can sign up for the Weekly Wrap here.
Last month’s editions at a glance: