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What's New In Investments, Funds? - Swissquote
Editorial Staff
23 October 2018
Swissquote ICOs are a meld of crowdfunding and an initial public offering (IPO) used by blockchain companies to raise funds. Instead of shares in a company, investors in ICOs are rewarded with a new crypto-currency or digital token whose value is tied directly to the issuing company’s performance.
The online bank has given access to its clients to participate in initial coin offerings, a way for companies to raise money via crowdfunding using blockchain technology.
Up until now, to participate in an ICO, investors needed to understand blockchain technology and own a blockchain wallet. With the new Swissquote service, this is no longer required. Clients can purchase coins issued by a company directly against the Swiss franc, using their trading account. The firm will take care of the execution as well as the custody of the coins.
The firm has selected Swiss start-up company LakeDiamond for the first ICO available on the platform. Minimum purchase consists of 60 LakeDiamond coins, which is equivalent to 33 Swiss francs.