Liechtenstein Bank Issues own Security Token followed by a Union Bank Payment Coin

Liechtenstein Union Bank AG announced that it will issue its own security tokens – in coordination with the Liechtenstein supervisory authority FMA – as the world’s first fully licensed and regulated bank.

Shortly thereafter, the Union Bank follows Payment Coin – a so-called ‘Stablecoin’, which is fully supported by a Fiat currency, for example the Swiss franc.

Union Bank AG is a fully licensed and regulated bank based in Liechtenstein. She works mainly for corporate clients from the DACH region and the Middle East. Based in Liechtenstein’s blockchain-friendly environment, it already supports ICOs and customers in the cryptocurrency and blockchain sector. Through its collaboration with crypto brokers and crypto advisers, Union Bank AG enables efficient and transparent exchange between crypto and fiat currencies.

With proven experience in international trade in goods and services, and the breadth of support from crypto and blockchain companies, Union Bank is able to develop and implement innovative solutions that can provide significant competitive advantages to its key customer segments.

Through the measures announced today, Union Bank AG will expand and improve its existing services and offerings and take the first steps to position itself as a full-service blockchain investment bank. The benefits of the blockchain will also be fully integrated into the bank’s processes and technologies. Union Bank AG will work with Verum Capital AG, a leading Swiss-based blockchain boutique, on this initiative.

In the future, Union Bank AG will establish itself as one-stop supplier of crypto and blockchain solutions, bringing together the new world of blockchain technology and crypto assets with the best practice apache of traditional banking.

MH Dastmaltchi, Chairman of the Board, says:

MH Dastmaltchi

“Our goal is to become the world’s first blockchain investment bank, providing tangible solutions to help our clients and intermediaries become more efficient, reduce their cost base, and generate new revenue opportunities. As a fully licensed and regulated bank, we are able to combine all the benefits of traditional banking with the capabilities of blockchain technology.

And our fiat-currency-backed Union Bank Payment Coin has the potential to disrupt international trade and international cross-border transactions as a disruptive catalyst. Our initiative is an investment in the future and an important step in becoming the world’s leading blockchain investment bank. “

Selected picture about UnionBank