SMART VALOR, a Swiss-based crypto and security token exchange platform supporting alternative investments, announced on July 30th of last week that it is now officially live.
The exchange is operated and licensed out of Switzerland and Liechtenstein to provide an integrated offering of custody, trading, and brokerage to a global audience of investors.
Two major cryptocurrencies, bitcoin, and ether, are available for the initial launch with four separate fiat currencies including: CHF, EUR, GBP, and USD, which produces nine different crypto-fiat markets. The plan is for carefully selected cryptocurrencies and blockchain-based tokens to be added on a regular basis.
During the past few months, over 5,000 people registered and completed an early access program. A further 4,857 new user registrations were seen in the 7 days leading up to the live launch from over 140 different countries.
Components of the SMART VALOR platform are designed to evolve and expand over time. Most will be open source with external contributors able to build applications on top of the platform.
The SMART VALOR ecosystem features native VALOR token, with the following functions:
1. Transaction fee payment at discounts
2. Stake VALOR to issue security tokens or become a PRIME investor
3. Vote for asset listings
4. Participate in a rewards program
SMART VALOR was supported by new institutional investors including Swiss-based VC fund Venture Incubator, who along with other Asian and US institutional investors, such as Tally Capital. combined to invest 3.2 million CHF.