Swiss FlowBank to Open Crypto ‘Gateways’ Following $11.8M Investment from CoinShares

Posted on by American Coins & Gold

Swiss FlowBank to Open Crypto ‘Gateways’ Following .8M Investment from CoinShares
Jersey, Channel Islands-based digital-asset investment firm CoinShares is planning to integrate its crypto technology stack for a new Swiss digital bank following an $11.8 million strategic investment.CoinShares bought 110,000 shares of FlowBank, a financial institution established in 2020 and licensed by the Swiss Financial Market Supervisory Authority. Total shares purchased represent 9.02% of the bank’s enlarged share capital, according to a press release on Thursday.Beginning next year, the bank said it plans to offer customers the ability to directly buy, hold, and sell cryptocurrencies, as well as other tokenized assets, directly from their FlowBank account.“This further reinforces FlowBank’s commitment to…