SwissBorg (CHSB) Series A Funding Round started As of December 13th, 3,839 investors have already participated in the fundraising.
Community-focused funding round
SwissBorg has reserved 287.4 million Swiss Franc Tokens (CHF) for this round. 3.64 million CHF have already been sold, leaving 21.46 million CHF. CHF is currently priced at $1.66.
Daniel de Lophem, product manager at SwissBorg, announced the funding round on December 13th. blog In the post, he criticized the elitist model of approaching investors. Regarding the pre-IPO private offering and the post-IPO public offering, Lophem complained that the model does not provide an opportunity for the average person to compete.
Lophem writes that SwissBorg is changing this segmentation and democratizing access to shares across the community. he said:
“By leveraging Web3’s distributed ledger technology, we are able to consolidate the decentralized liquidity of our diverse retail investors into a single investment entity. As a united front, we have the power to disrupt the established status quo. increase.”
According to the announcement, SwissBorg aims to emerge from the current bear market to become the market leader in Europe.
SwissBorg is a European crypto exchange platform. The platform takes a community-centric approach to wealth management with the ultimate goal of “revolutionizing wealth management”.
The highest valuation SwissBorg has reached was $1 billion in 2021. The company has over 700,000 users and holds over $63 million worth of crypto. Influenced by FTX, SwissBorg also It was published Proof of reserve on November 18th.
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