4 companies develop proofs of concept at the BLKB Accelerator Workshop on DLT and crypto
Our partner Basellandschaftliche Kantonalbank (BLKB) was looking for pioneering startups with solutions leveraging distributed ledger technology (DLT) and crypto approaches applicable to the Swiss market. For the BLKB Accelerator Workshop, eight startups were invited to pitch, and four of them were chosen to collaborate with the bank’s management and solutions experts.
The BLKB Accelerator Workshop on DLT and crypto aimed to set up a proof of concept to implement and test a regional pilot project, build capability within BLKB and the startup, and potentially scale up the project nationally. From over 50 applications, eight startups were selected for the workshop and presented their business ideas to a jury of BLKB experts. This expert jury then chose four startups for an acceleration workshop to develop a proof of concept:
Aequitec: Simplifying equity raising with a mobile platform that digitizes company processes
AlgoTrader in collaboration with Peer-Energy: Building a sustainable digital asset banking solution
FQX: facilitating trade finance and money markets by using eNotes™
Wecan Group: Building the infrastructure for the financial world to come
After developing proofs of concept together with the BLKB experts, the four entrepreneurs presented their ideas to the BLKB management the day after.
For BLKB, the workshop was a great opportunity to exchange ideas with experts of the DLT and crypto industries to gain new insights for employees and customers: “The Venturelab workshop allowed us to get a very compact insight into the broad spectrum of DLT-based business ideas,” said Christoph Schär, Chief Digital Officer and Member of the Executive Committee at Basellandschaftliche Kantonalbank. “It was exciting to see the different customer benefits enabled in the application of blockchain technology,” commented Alexandra Lau, Head Strategy and Market Services and Member of the Executive Committee at Basellandschaftliche Kantonalbank.
The startups also benefited from the workshop and the collaboration with the bank’s experts: “The BLKB Accelerator was unique: It put startups in a focused and dedicated workshop environment in a room with key decision-makers of a regional bank, moving at high velocity from idea to business case proposal with valuable customer feedback along the way,” explained Benedikt Schuppli, co-founder and co-CEO of FQX. Fellow entrepreneur Andy Flury, AlgoTrader’s founder and CEO, added: “It was a pleasure for AlgoTrader and Peer-Energy to participate in the BLKB Accelerator, working intensively on the business case for two days together with experts from different areas of BLKB. We are very much looking forward to continuing the journey together with BLKB.”
Learn more about the four startups:
Aequitec AG: We specialise in automated corporate actions.
Our mission is to streamline equity management by providing investors and innovators with the tools necessary for seamless investment transactions and operations in both private and public capital mar... Read more
Obligate AG: FQX is the first market-ready solution for eNotes
FQX is a blockchain startup based in Zurich, Switzerland. Their primary offering is the eNote. An eNote is an unconditional promise to pay a specific sum to another party at a specific future date and... Read more
Wecan Group: Trust Network Builders
Wecan Group is a company that offers blockchain-based solutions for secure data management to individuals, companies, and financial institutions. The driving mission of Wecan Group is to improve the ... Read more
Wyden AG: The leading digital asset banking solution
Wyden is the global leader in institutional digital asset trading technology. By covering the entire trade lifecycle and supporting seamless custody, core banking and portfolio management system integ... Read more