flovtec, a Switzerland-based company that provides liquidity solutions to digital assets exchanges and token issuers, announced that in June 2020 the shareholders have elected Dr. Daniel Diemers to the Board of Directors.
Fintech News Switzerland had the opportunity to speak with Dr. Daniel as a part of our Fintech Influencer Switzerland interview series in June this year.
The former Managing Director of Strategy& Switzerland and Head of Blockchain for PwC EMEA has made a career of bringing together the innovative world of blockchain technology and the more traditional business landscape. His appointment complements the Board’s strong industry experience and supports flovtec’s strategy for growth and sustainable value creation.
“I strongly believe in the importance of liquidity for the digital asset ecosystem and continue to be impressed with flovtec’s achievements and the quality of the team. I very much look forward to contributing to flovtec’s success and appreciate the confidence put in me by the shareholders and the board”,
adds Dr. Daniel Diemers.
flovtec has built a technological infrastructure and fully automated market making algorithms that allow it to enable liquidity across dozens of digital asset exchanges and for any token. The clients, exchanges and token issuers, provide the capital and flovtec then leverages its technology to ensure a liquid market for the tokens.
Earlier this year, flovtec has successfully closed a seed financing round where the company has now raised a total of CHF 4.5 million. The funds raised will help flovtec reach the technological scalability necessary to onboard clients, exchanges and token issuers at a higher pace.
flovtec has also partnered up with Archax, a FCA-regulated digital asset exchange for digital securites, as a technology partner to offer liquidity solutions to issuers of security tokens.
Additionally, flovtec announced the launch of its first investment product “met@one nematic”, an Actively Managed Certificate that provides professional and institutional investors exposure to digital assets through flovtec’s trading strategies.
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