A new association dedicated to the Blockchain is created in Switzerland, more precisely in Zurich. The Blockchain Association for Finance (BAF), which brings together several major private bankers such as Banque Pictet, Lombard Odier and Hyposwiss, seeks to improve regulatory compliance, i.e. compliance with legal standards, and administrative exchanges using technology.
At the origin of this initiative is Wecan, a Geneva-based fintech founded in 2015. With around 20 employees, the company, which specialises in blockchain solutions, manages the Wecan Comply blockchain infrastructure, which is currently used by the members of the new association.
One of BAF's objectives is to provide general governance and management rules for the Wecan Comply blockchain platform in order to improve information sharing between banks, asset managers and other financial players. The association will also be responsible for maintaining this infrastructure, while developing it.
The members of the association are as follows: Banque Pictet & Cie, Banque Lombard Odier, Edmond de Rothschild, Gonet & Cie, Hyposwiss Private Bank, the Swiss branch of Banque Internationale à Luxembourg (BIL), Mirabaud, Banque Cramer, the Reyl Group, Sygnum. In addition to these banks, we find the asset managers Pleion, Capitalium Advisors, Bedrock, Fransad Gestion, OLZ, Stanhope Capital, the subsidiary of Julius Baer Fransard. Not forgetting the networking platform Alliance of Swiss Wealth Managers.
Based on: blockchainassociationforfinance.org