Wyden

In our latest article we turn our attention to regulatory developments in #Turkey. The new Draft Bill on #Cryptoassets is in the process of clearing parliamentary approval, and will impose broad obligations, such as licensing, the prevention of market abuses, and the requirement for formal written contractual agreements with customers. However, in contrast to #MiCA, it falls short of issuing explicit provisions in areas such as best execution, record keeping or IT system requirements. What does this mean for #CASPs in Turkey? Our article examines: ✅ The requirements imposed by the bill ✅ The future impact ✅ How CASPs serving Turkish customers can set themselves up for a compliant crypto asset service offering.  Read our assessment on the Wyden blog: https://lnkd.in/dyBt39H8 Andy Flury Felix Saible Marc Heissenbüttel Stuart Petersen Mimoza Selmani Juan Rodriguez Juan Sánchez, PMP Theo Woik Esin Attorney Partnership Kevin Sommer Bartosz Wójcik Brandon Le Sann Buncak Hayri S.

+++ 𝐌𝐚𝐫𝐤𝐞𝐭𝐬 +++ - 𝙀𝙩𝙝𝙚𝙧 𝙂𝙖𝙞𝙣𝙨 19% 𝘼𝙜𝙖𝙞𝙣𝙨𝙩 𝘽𝙞𝙩𝙘𝙤𝙞𝙣: Ether has outperformed Bitcoin by approximately 19% over the past week, signaling a potential shift in market dynamics. - 𝙎𝙩𝙖𝙗𝙡𝙚𝙘𝙤𝙞𝙣 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙖𝙥 𝙃𝙞𝙩𝙨 𝙉𝙚𝙬 𝘼𝙡𝙡-𝙏𝙞𝙢𝙚 𝙃𝙞𝙜𝙝: The total market capitalization of stablecoins has reached a record $168 billion after 11 consecutive months of growth, surpassing the previous peak from March 2022. +++ 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 +++ - 𝘽𝙞𝙩𝙘𝙤𝙞𝙣 𝙉𝙚𝙖𝙧𝙨 $100,000 𝙈𝙞𝙡𝙚𝙨𝙩𝙤𝙣𝙚: Bitcoin continued its Thanksgiving rally on Black Friday, rising 2.1% to $96,801, approaching the significant $100,000 mark. - 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙀𝙏𝙁 𝙄𝙣𝙛𝙡𝙤𝙬𝙨 𝙎𝙪𝙧𝙜𝙚: Ethereum ETF inflows have reached a six-week high, coinciding with a 10% increase in ETH's price, indicating renewed investor interest. +++ 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 +++ - 𝙐𝙆 𝙩𝙤 𝘿𝙧𝙖𝙛𝙩 𝙍𝙚𝙜𝙪𝙡𝙖𝙩𝙤𝙧𝙮 𝙁𝙧𝙖𝙢𝙚𝙬𝙤𝙧𝙠 𝙛𝙤𝙧 𝘾𝙧𝙮𝙥𝙩𝙤: The UK government plans to introduce comprehensive regulations for cryptocurrencies and stablecoins by early 2025, aiming to provide legal clarity and foster innovation in the sector. - 𝙎𝙘𝙝𝙪𝙢𝙖𝙣 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝘿𝙚𝙗𝙪𝙩𝙨 𝙀𝙐𝙍Ø𝙋: Schuman Financial has launched EURØP, a MiCA-compliant euro-backed stablecoin, enhancing the euro's presence in the digital asset space. ...and much more. ✅ 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 & join 17,000+ others: https://lnkd.in/ehTet5Cj #crypto #digitalassets #FX #quanttrading #BTC #ETH #hedgefunds #banks

✨ Throwback to an unforgettable evening! ✨ We were thrilled to host an engaging panel discussion and networking session at our Zurich event last night – and it was all the more gratifying to bring the right people together to explore the future of digital asset banking. Key take-aways are that the narratives around crypto and digital assets still haven't changed – regardless of an ever-changing macro environment. But instead of chasing for something new and thinking about the next big product, the industry could remember how far it has come and what it has built already – with dozens of banks having launched their crypto offerings in 2024 alone. Stay tuned for more updates and reflections from the event (and enjoy these snapshots 📸)! Big thanks to everyone who joined us, shared insights, and made this evening a success. Your participation and contributions are shaping the next chapter of innovation in our industry: Dominik Jocham Jonas Gantenbein Manuel Villegas Franceschi Felix Simon Stuart Petersen Felix Saible Andy Flury Kevin Sommer Dr. Alfred Künzle Dr. Jan Amrit Poser Marcos Benítez Rubianes Andreas Langenegger Akin ALTINTREN Amrit Sohal Philippe MEYER MSc, MBA and more...

🇮🇹 Crypto Asset Regulation in Italy: 𝐌𝐢𝐂𝐀 𝐁𝐫𝐢𝐧𝐠𝐬 𝐍𝐞𝐰 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 With the implementation of MiCA by the end of 2024, Italy's digital asset market is poised for transformation. This long-awaited regulation brings clarity to the governance of crypto-assets, streamlining the path for banks, brokers, and CASPs to build MiCA-compliant offerings. 📈 Key insights: ✅ Simplified notification procedures for financial entities ✅ Licensing opportunities for new CASPs across the EU ✅ Transitional arrangements for OAM-registered operators ✅ A growing appetite for crypto investment among Italians (from 8% in 2022 to 18% in 2024) 💡 For banks, brokers, and exchanges ready to embrace MiCA, Wyden Infinity provide an end-to-end platform to launch and scale MiCA-compliant digital asset offerings. From pre-trade to post-trade, we empower firms with: ✅ Market-wide connectivity to 55+ venues ✅ Best execution through smart order routing and algorithmic trade execution ✅ Seamless integration with custody, core banking, and portfolio management systems 🔗 Dive into the full article for a deeper analysis of Italy’s transition to MiCA and how Wyden can support your business: https://lnkd.in/er4SNtXF Andy Flury Stuart Petersen Marc Heissenbüttel Felix Saible Bartosz Wójcik Kevin Sommer Kelly Pettersen Leona Chen Mimoza Selmani Juan Sánchez Buncak Hayri S.

We’re proud that Banque Delubac & Cie now utilizes Wyden’s cloud-native platform to facilitate crypto trading for private clients and corporates – a true pioneer in digital asset banking 🚀 Together, we’re redefining institutional crypto trading by merging Banque Delubac’s century-long legacy of excellence with Wyden’s state-of-the-art trade lifecycle infrastructure. As the first French bank registered as a PSAN with the AMF, Banque Delubac continues to lead the way in digital asset innovation. This collaboration enables MICA-compliant solutions, enhancing opportunities for clients across the financial landscape 🌍 Learn how this partnership is shaping the future of digital banking: https://lnkd.in/ewq4bcYs Together, we're building the future of finance 💡 Andy Flury Stuart Petersen Marc Heissenbüttel Felix Saible Bartosz Wójcik Kevin Sommer Kelly Pettersen Leona Chen Mimoza Selmani Juan Sánchez Buncak Hayri S. Brandon Le Sann Yoan Fourmaux Alice Philipon Denis MEILHON Ségolène Mathis

🚀 The Future of Digital Asset Banking: Wyden's exclusive panel discussion on November 27, 2024, at Resident Seefeld in Zurich 🏦 Engage in insightful conversations with industry leaders on key challenges and opportunities in digital asset banking and brokerage. 💡 Hot topics: – The impact of increasing global regulations on crypto – Emerging retail and institutional use cases for banks – The future role of stablecoins & CBDCs – How automation is key to reducing complexity – Single broker vs. multi-venue approaches 🎤 Panelists: – Manuel Villegas Franceschi, Julius Baer – Jonas Gantenbein, Bank Frick – Dominik Jocham, Business Engineering Institute St. Gallen AG – Felix Simon, Incore – Andy Flury, Wyden 📅 Event Details: Date: November 27, 2024 Time: 6:00 PM – 10:00 PM Location: Resident Seefeld, Kreuzstrasse 24, 8008 Zurich 👉 Interested in attending? Contact Kevin Sommer to request an invitation! Mimoza Selmani Stuart Petersen Felix Saible Marc Heissenbüttel Buncak Hayri S. Juan Sánchez Kelly Pettersen Leona Chen Martin Wiedmann Roger Altorfer

🚀 Exciting discussions in the latest episode of the Plaudertaschen | Banking von morgen podcast! Diving deep into #Bitcoin adoption in banks with special guest Andy Flury, CEO and founder of Wyden. Key topics include: - Differences between the German and Swiss banking markets - Drivers of institutional digital asset adoption - What banks need to engage with Bitcoin - The necessary infrastructure for trading and custody of crypto assets - The unstoppable rise of blockchain and digital assets Join us for insights from a seasoned entrepreneur and trading veteran! 🎧 👉 Listen here: https://lnkd.in/d6yPHr48 Feel free to share your thoughts and feedback with us! Kevin Sommer Mimoza Selmani Martin Wiedmann Kelly Pettersen Juan Sánchez Juan Rodriguez Theo Woik Felix Saible Marc Heissenbüttel Stuart Petersen Patrick Fritz Pavlina (Polly) Popova Robin Nehring Thanks to all sponsors: S Broker AG & Co. KG Sparkasse GuideCom AG

Thanks Max Meister, Maximilian Boelck, Guy Giuffredi! We will leverage our Series B funds for strategic growth, targeting new markets and further intensifying its sell-side expansion for banks, brokers and exchanges. With a clear focus on regulatory compliance, we plan to extend our reach into markets where digital asset operations are regulated with the same rigor as traditional financial services, such as the EU, Switzerland, Turkey, the UAE, Singapore, Hong Kong, Brazil and other leading jurisdictions. Talking about new markets, read our paper on Spain's MiCA development: https://lnkd.in/eV6-pD7E Kevin Sommer Stuart Petersen Anthony Wuyts Andy Flury Theo Woik Juan Sánchez Mimoza Selmani

🌟 𝗘𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗻𝗲𝘄𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗶𝗻 𝗦𝗽𝗮𝗶𝗻! Spain is fast-tracking the adoption of the EU's 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗶𝗻 𝗖𝗿𝘆𝗽𝘁𝗼-𝗔𝘀𝘀𝗲𝘁𝘀 (𝗠𝗶𝗖𝗔) regulation, targeting full implementation by December 2025—six months ahead of the EU deadline. 🇪🇸 This proactive approach sets a clear and comprehensive framework for 𝗰𝗿𝘆𝗽𝘁𝗼-𝗮𝘀𝘀𝗲𝘁 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 (𝗖𝗔𝗦𝗣𝘀), enhancing legal certainty and investor protection. The regulation divides oversight between: 𝗧𝗵𝗲 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 (𝗖𝗡𝗠𝗩) will be responsible for regulating crypto-asset service providers, ensuring compliance and oversight. Meanwhile, the Bank of Spain will oversee issuers of electronic money tokens and asset-backed securities, reinforcing financial stability and regulatory clarity in these areas. What’s more, financial entities already licensed under EU regulations can now expand into digital assets through a streamlined notification process—paving the way for easier market entry. Spain’s leadership in crypto regulation is creating a stable environment for innovation and attracting institutional investment, positioning the country as a hub for digital asset adoption. 🚀 👉 Read the full article here: https://lnkd.in/eV6-pD7E Andy Flury Marc Heissenbüttel Felix Simon Roger Langen Theo Woik Stuart Petersen Martin Wiedmann Roger Altorfer Martin Trepp Kevin Sommer Mimoza Selmani Juan Sánchez Buncak Hayri S. Kelly Pettersen Leona Chen Brandon Le Sann

🌟 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 & 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻: 𝗧𝗵𝗲 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗶𝘀 𝗛𝗲𝗿𝗲! 🏦 In a recent discussion on BFM Business, Alexis Le Portz, Partner at Truffle Capital, shared groundbreaking insights into how blockchain and fintech are reshaping the financial sector. Alexis emphasized that platforms like Wyden are pivotal in enabling this transformation. Watch the show: https://lnkd.in/dNCVKdiP 🔗 𝑩𝒍𝒐𝒄𝒌𝒄𝒉𝒂𝒊𝒏 𝒂𝒔 𝑰𝒏𝒇𝒓𝒂𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆: Alexis highlighted that blockchain is not just a trend but the future foundation for exchanges—a "mega trend" set to transform finance for decades. 💹 𝑪𝒓𝒚𝒑𝒕𝒐 𝒊𝒏 𝑩𝒂𝒏𝒌𝒊𝒏𝒈: 85% of European and American banks now offer access to Bitcoin and crypto assets. By 2025, major French banks are expected to integrate them in their offerings as well. 💡 𝑻𝒐𝒌𝒆𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏: 𝑻𝒉𝒆 𝑵𝒆𝒙𝒕 𝑭𝒓𝒐𝒏𝒕𝒊𝒆𝒓: Alexis underscored the pivotal role of tokenized assets in the future of banking. By converting asset rights into digital tokens on the blockchain, liquidity and accessibility are revolutionized, driving more efficient and secure financial transactions. 🏆 𝑾𝒉𝒚 𝑾𝒚𝒅𝒆𝒏? According to Alexis, platforms like Wyden are instrumental in this evolution. With institutional-grade solutions for digital asset trading, tokenization, and automation, Wyden empowers banks, brokers, and asset managers to adapt, innovate, and excel in this new financial era. 🙏 A 𝐛𝐢𝐠 thank you to Alexis Le Portz for putting the spotlight on Wyden during his appearance on BFM Business. Your recognition of our team's hard work and value we bring to the financial sector, means the world to us. Together, we’re building the future of finance! 👉 Let’s lead the way toward a future of finance built on innovation, security, and scalability. Andy Flury Stuart Petersen Kevin Sommer Mimoza Selmani Buncak Hayri Saykam Kelly Pettersen Leona Chen Felix Saible