SwissBorg(CHSB)

[Press Release – Zug, Switzerland, August 4th, 2023] D8X’s pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures, and others D8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives […]

Zug, Switzerland, August 4th, 2023, ChainwireD8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and othersD8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products.The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others.“DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” said Polygon Co-Founder Sandeep Nailwal.Bridging CeFi to DeFiD8X's founders bet on centralized players wanting to offer decentralized crypto derivatives to their clients without having to hire experts to develop in-house market-making and trading engines. D8X provides a white-label solution to partners who act as brokers and earn fees by running their own front ends powered by the D8X trade engine and shared liquidity.Financial Engineering On ChainD8X’s sophisticated on-chain solutions curb costs and offer products that are competitive with centralized exchanges, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space. Contract trading allows other DeFi protocols to efficiently hedge on-chain. Their perpetuals can be calibrated for a wide range of assets and support—as a first in DeFi—linear, inverse and quanto perpetuals. At launch, a liquidity pool in Lido's staked ETH (stETH) will enable liquidity providers to earn the Lido yield while simultaneously participating in the DEX’s earnings.D8X is the first business-to-business (B2B) DEX built on Polygon’s zkEVM, harnessing the power of zero-knowledge proofs to cut transaction fees, increase security and scale operations across the Polygon and Ethereum networks.“D8X is part of a driving force of innovation and community in Polygon’s 2.0 zero-knowledge space,” said Polygon Director of Growth Hamzah Khan.D8X is a fully decentralized DEX following regulatory guidance from Switzerland’s financial market regulator FINMA.“We thank all our investors for believing in D8X's vision to bring truly decentralized derivatives as white-labeling solutions to institutions. With best-in-class financial engineering and risk management, D8X is changing the way decentralized derivatives are traded,” said D8X co-founder Caspar Sauter.The production codebase of D8X was audited by PeckShield and an earlier version was audited by Hacken.About D8XD8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.D8X | Twitter | GitHub | DocsContactPR DirectorPatrick [email protected]

Zug, Switzerland, August 4th, 2023, ChainwireD8X's pre-seed round features Polygon Ventures, Axelar Network, Swissborg Ventures and othersD8X, an institutional-grade decentralized exchange (DEX) for derivatives on Polygon zkEVM, announced a $1.5 million pre-seed round with support from Polygon Ventures and other notable investors. The capital will help D8X launch a decentralized derivatives trading platform in the second half of 2023 that provides a white-labeling solution to trading partners seeking access to powerful derivatives products.The pre-seed round for D8X includes additional participation from Axelar Network, Swissborg Ventures, Cogitent Ventures, Veris Ventures, G1 Ventures, Pragma Ventures, CryptoDiscover and others.“DeFi is reshaping the future of finance. Projects like D8X are building the infrastructure that will help legacy finance to leap into web3,” said Polygon Co-Founder Sandeep Nailwal.Bridging CeFi to DeFiD8X's founders bet on centralized players wanting to offer decentralized crypto derivatives to their clients without having to hire experts to develop in-house market-making and trading engines. D8X provides a white-label solution to partners who act as brokers and earn fees by running their own front ends powered by the D8X trade engine and shared liquidity.Financial Engineering On ChainD8X’s sophisticated on-chain solutions curb costs and offer products that are competitive with centralized exchanges, such as cost-efficient hedging, a prerequisite for building a highly functional derivative trading space. Contract trading allows other DeFi protocols to efficiently hedge on-chain. Their perpetuals can be calibrated for a wide range of assets and support—as a first in DeFi—linear, inverse and quanto perpetuals. At launch, a liquidity pool in Lido's staked ETH (stETH) will enable liquidity providers to earn the Lido yield while simultaneously participating in the DEX’s earnings.D8X is the first business-to-business (B2B) DEX built on Polygon’s zkEVM, harnessing the power of zero-knowledge proofs to cut transaction fees, increase security and scale operations across the Polygon and Ethereum networks.“D8X is part of a driving force of innovation and community in Polygon’s 2.0 zero-knowledge space,” said Polygon Director of Growth Hamzah Khan.D8X is a fully decentralized DEX following regulatory guidance from Switzerland’s financial market regulator FINMA.“We thank all our investors for believing in D8X's vision to bring truly decentralized derivatives as white-labeling solutions to institutions. With best-in-class financial engineering and risk management, D8X is changing the way decentralized derivatives are traded,” said D8X co-founder Caspar Sauter.The production codebase of D8X was audited by PeckShield and an earlier version was audited by Hacken.About D8XD8X is a Polygon Ventures-supported institutional-grade perpetual futures DEX with a financial engineering approach that elevates the way perpetual futures can be traded on-chain. Think of a powerful and decentralized trading platform on Polygon zkEVM that offers white-labeling to institutions. D8X’s pricing mechanism adapts to changing market conditions protecting liquidity providers and profitable traders in volatile periods, resulting in superior DeFi trading conditions.D8X | Twitter | GitHub | DocsContactPR DirectorPatrick [email protected]

Dubai, United Arab Emirates, July 13th, 2023, ChainwireXBorg, the Web3 company developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications, sold out their $2 million seed round community allocation in record time. The funds will facilitate the scaling and adoption efforts of XBorg's infrastructure and applications to reach millions of players and fans worldwide.Ahead of the raise, XBorg collected interest from more than 8,300 investors totalling $7M in soft commitments but decided to cap the community allocation at $2 million and maintain the remaining $3 million for leading VCs, closing out the $5 million seed round. The $XBG token, expected to be launched towards the end of 2023, is now sitting at a $50m valuation.XBorg Founder and CEO, Louis Regis reacted: “Since day one, we have included our community in the development of XBorg as we believe that the future of gaming will be built by its players. Allocating a large part of our seed round to our community showcases our support for this notion. The widespread enthusiasm of our community in the current market conditions has exceeded all of our expectations and demonstrates their trust in our vision to disrupt the gaming and fan engagement industry.”In the coming months, XBorg is launching its first application in partnership with some of the most prominent esports teams in the industry. The current Rocket League world champions, Team BDS, were the first team to be announced, with many more in the pipeline. The XBorg app will enable players and fans to build their digital identity, meaningfully connect with their favourite gaming communities, and collect digital items with unique perks that unlock exclusive experiences. By the end of the year, XBorg aims to become the fastest-growing gaming credential infrastructure via its partnerships with tier-1 esports teams and popular gaming influencers.Users can already create an XBorg account and get a taste of what their complete app will be like here. Users are rewarding early supporters of their ecosystem, so they should be sure to be active participants and refer their friends if they want to take advantage of this.About XBorgXBorg is developing a collaborative credential infrastructure that allows players to create their digital identity and enjoy tailored user experiences within enhanced gaming applications. XBorg is releasing its first application powered by its credential infrastructure, in partnership with the largest esports organisations in the world, to scale the adoption of its technology to millions of players and fans. XBorg is a spin-off of SwissBorg, a crypto wealth management application with over 750,000 users.For more information about XBorg, visit their website, follow them on Twitter, or join their community on Discord.ContactGrowth & MarketingConnor [email protected]

[PRESS RELEASE – Lausanne, Switzerland, April 18th, 2023] In a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held […]

Lausanne, Switzerland, April 18th, 2023, ChainwireIn a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorg's Series A fundraising, which closed last Friday, has produced astonishing results.SwissBorg raised a total of 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200M Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the importance of engaging the public in the development of innovative companies.With the SwissBorg app and ecosystem, the company is well-positioned to become the leader in the European crypto market. The platform offers users an accessible and user-friendly experience, enabling them to manage their crypto assets with ease and confidence.SwissBorg is a forward-thinking company that is dedicated to advancing the Web3 ecosystem. Its platform provides users with easy access to cryptocurrency investments and decentralised finance (DeFi) opportunities, enabling them to benefit from the growth of this rapidly evolving industry.SwissBorg's unique positioning allows it to take on Web3 in a way that other companies can't. With a community-centric approach, the company is able to leverage the expertise and enthusiasm of its users to drive innovation and growth. At the same time, its focus on transparency and security ensures that investors can feel confident in their investments, even in a highly volatile market.Well-positioned to become a leader in the Web3 space, SwissBorg’s successful Series A fundraising is just the beginning of what promises to be an exciting journey. With its commitment to innovation, transparency, and community, SwissBorg is poised to significantly impact the future of finance.The Lausanne-based company expresses its heartfelt gratitude to the community for their unwavering support and trust throughout the Series A fundraising. Their belief in SwissBorg's vision has enabled the company to surpass expectations, break records, and set new benchmarks for future fundraisers as investors in SwissBorg, the community's confidence in the company has solidified its potential for growth and industry leadership.SwissBorg's leadership highlights the importance of community support, reinterpreting the classic saying, "Fortune favours those with many friends." Bolstered by their devoted community, SwissBorg is well-positioned for a promising future.About SwissBorgSwissBorg is headquartered in Switzerland, holds a Virtual Asset Service Provider licence regulated by the FIU in Estonia, and is registered as a PSAN with France’s AMF. The SwissBorg app allows over 700k verified users to manage their wealth, with an exchange aggregator to provide users with the best exchange prices and liquidity, the ability to invest in themed crypto bundles, and opportunities for users to access a yield on their crypto assets.Click here to learn more about SwissBorg and its mission.ContactChief Partnership OfficerAlex [email protected]