Swisstronik, the blockchain platform for regulatory-compliant and privacy-preserving Web3 applications, today announced a $5 million investment from Hong Kong-based Syndicate Capital Web3 Venture Fund as part of its SWTR private token offering ongoing. Combined with the $6.5 million previously raised, this investment highlights Swisstronik’s unique position in developing blockchain solutions that seamlessly integrate decentralization and regulatory compliance.
“We are delighted to welcome Syndicate Capital as an investor,” said Constantin Guggi, CEO of Swisstronik. “Their investment, from a fund not primarily focused on Web3, validates our mission to build bridges between traditional sectors and the blockchain world.”
Swisstronik’s platform addresses a critical need in the Web3 industry: ensuring regulatory compliance without compromising decentralization, user privacy or security. In the EU, for example, the upcoming Markets in Crypto Assets (MiCA) regulation, which is expected to come into force on December 31, 2024, has already created urgency, with a study from Acuiti showing that 57% of crypto-asset companies digital assets are still not prepared. This pressure has sparked a wave of regulatory initiatives across the EU, with countries like Italy and Denmark proposing new crypto tax changes. As a result, many Web3 companies are urgently seeking accessible, compliance-ready solutions.
Swisstronik provides businesses with a Web3 compliance suite to adapt to the complex requirements of impending regulations without much investment and/or major technology overhaul. One of its main solutions is the Swisstronik decentralized identity. Web3 and traditional businesses can easily integrate it to comply with KYC and AML regulations in all jurisdictions at a lower cost than traditional solutions, while maintaining user privacy and decentralization. A study from the World Economic Forum shows that businesses can save up to 86% by using decentralized identity solutions.
Swisstronik’s solutions are particularly relevant for emerging use cases of digital assets such as tokenization of real-world assets (RWA). Its zero-knowledge token solution allows companies to tokenize real-world assets or stablecoins with built-in compliance based on the needs of the issuer. Swisstronik’s technology stack of zero-knowledge technologies and Intel SGX enables businesses to prioritize user privacy and data security while simultaneously adapting to the requirements of their applicable jurisdictions.
Swisstronik’s private token offering remains open to institutional investors until the platform’s mainnet launch and token generation event (TGE), which are currently planned for early 2025. This extended offering period allows for continued partnerships and strategic investments as Swisstronik prepares for its full market debut.
For more information about Swisstronik and investment opportunities, please visit www.swisstronik.com.
About Swisstronik:
Swisstronik is a blockchain platform that provides tools to regulate compliance in Web3, while ensuring user privacy and security. Swisstronik enables businesses to harness the power of blockchain while complying with regulatory requirements.
About the Syndicate Capital Web3 venture capital fund:
Syndicate Capital Web3 Venture Fund (formerly known as Syndicate Capital LPF) is a Hong Kong-based investment fund known for its diversified portfolio across various sectors. While not primarily focused on Web3, the fund has shown growing interest in blockchain technologies that demonstrate practical applications and regulatory compliance.
For further information or media inquiries, please contact:
Constantin Guggi – CEO, co-founder
constantin@swisstronik.com
Zug, Switzerland
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