FQX Brings Companies’ Debt Funding to the Blockchain

We want digital debt to be registered, issued, transferred, and eventually traded on our infrastructure.
Benedikt Schuppli, Co-Founder and Co-CEO of FQX

Executive Summary

FQX is a Zürich, Switzerland-based fintech with great aspirations. They want to digitize company debt and this digital debt to be registered, issued, transferred, and eventually traded on their infrastructure.

Promissory notes are known around the financial world. These instruments are fairly standardized. So, if you put this on a blockchain, you have an extremely powerful financing tool.
Benedikt Schuppli, Co-Founder and Co-CEO of FQX

Startuprad.io | Linktree

We believe, that in the future, a company will only have one basic financing instrument, a digital blockchain-based IOU. … That is what we offer with our eNotes

Benedikt Schuppli, Co-Founder and Co-CEO of FQX

Much of the financial world is more complex than it needs to be. We believe in simplicity, decentralization, and digitalization.

Benedikt Schuppli, Co-Founder and Co-CEO of FQX

The Video Interview is set to go live on Thursday, June 2nd, 2022

Sorry, there was a technical glitch and we had to re-upload again. We are sorry about that.

The Audio Interview

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The Founder

This time we interview Benedikt Schuppli (https://www.linkedin.com/in/benedikt-schuppli/), a founder from Switzerland. He is the co-founder and co-CEO of FQX (https://fqx.ch/), a fintech startup from Switzerland offering electronic IOUs. Benedikt is a lawyer by training but took his first job after graduating with a Swiss fintech pioneer named Lykke as Chief Legal Officer. He there realized he wanted to be an entrepreneur and co-founded a smart contract startup called Lexon.

The Startup

FQX (https://fqx.ch/) 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 can be modularly structured to fit any financing purpose. The eNote™ is based on blockchain technology and can be easily transferred to any third party (i.e. an investor). When compared to other financing tools, eNotes™ excels through its modularity and global transferability, based on a standardized legal framework. With this, eNotes can improve CeFi and DeFi-lending. Single eNotes are stored as NFTs on a blockchain. By issuing multiple eNotes as SFTs, an issuer can obtain financing in a way comparable to commercial papers. With this, they have set their sights on the 100 trillion US$ global bond market.

Venture Capital Funding

Investors now include Earlybird Ventures, SIX FinTech Ventures and several business angels. They have raised 6.7 m US$ so far.

The startup is looking for another fundraising in 2022 — at the time of the interview (March 2022).

 

 

https://medium.com/startuprad-io/fqx-brings-companies-debt-funding-to-the-blockchain-83c8528515a3

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