SwissBorg is a self-styled “Swiss private banking provider” that deals exclusively with cryptocurrency and plans to provide a number of crypto asset portfolio management tools after it launches the ICO for its CHSB token.
What Is SwissBorg?
SwissBorg was founded in 2015 by Cyrus Fazel and Anthony Lesoismier-Geniaux, two financial technology experts and cryptocurrency enthusiasts. Both individuals have long histories of working in the financial sector, either as hedge fund managers, fintech development experts, or both. True to its name, SwissBorg is located in Switzerland.
The SwissBorg ecosystem, which is set to be crowdfunded by its CHSB token ICO, is to be a “cyber bank” that uses the decentralized power of the blockchain to provide a banking backbone for individuals, decentralized autonomous organizations (DAOs) and investors in order to provide them crypto-wealth management tools and technologies. These services will be provided both to individuals and organizations looking to invest and also financial asset managers looking to provide cryptocurrency-related financial advice and services.
Specific products include the CHSB token, a “smart share token” that provides holders with the ability to vote on SwissBorg’s technical project development while also providing a share of the revenue of the company, and the Cryptallion Token Hedge Fund, a crypto-based hedge fund that will distribute 50% of its fund performance, reinvest 40% back into the fund, and use the remaining 10% for SwissBorg administrative costs.
Investing in the SwissBorg ICO, which begins on November 21, 2017, provides the opportunity to not just receive quarterly revenue payments based on SwissBorg’s performance as a company but also voting rights in the technical development of SwissBorg instead.
Meanwhile, investing in the Cryptallion hedge fund, which requires a separate token buy-in, provides opportunities for revenue if the hedge fund performs well. SwissBorg is obviously encouraging investment in both its crypto-assets once the ICO begins.
The price per token for both CHSB and the Cryptallion token is not available on the SwissBorg website at the time of this writing. This will likely change once the ICO goes live. However, we can confirm that SwissBorg plans to open CHSB tokens to trade on external exchanges sometime in the post-ICO future; additionally, we’re almost certain that the ICO will accept Ethereum, as CHSB is based on Ethereum’s EC20 blockchain standard.
SwissBorg, to its credit, is attempting to create a legitimate Swiss-style investment bank for its prospective customers. Its approach is unique in that it’s leveraging blockchain technology to not just crowdfund itself but to also power its first investment product, which is both innovative and ambitious.
Using crypto tokens to not just crowdfund its own development but also offering revenue shares further distinguished SwissBorg and provides evidence that the company does want to democratize the banking process by providing value to its funders independent of the CHSB token’s intrinsic value. This certainly provides some insulation to investors from price manipulation such as pump-and-dump schemes.
Furthermore, it’s important to note that revenue payouts from holding CHSB will be paid in Ethereum, an already well-established cryptocurrency, meaning that there’s no danger of being awarded worthless altcoins such as in some other less reputable revenue share plans.
All of these are positive traits that we feel makes SwissBorg a company with a potentially bright future. However, we must reserve judgment until we can see what the price of this ICO will be, both for the CHSB coin and for the Cryptallion hedge fund coin. In other words, we are cautiously optimistic about SwissBorg as a crypto-based investment opportunity but we would exhort any would-be investors to get all the facts before choosing to invest.