Skyline Digital Makes TradFi Accessible on Web3

[PRESS RELEASE – Zug, Switzerland, February 7th, 2024]

The Swiss-based platform Skyline Digital empowers underbanked Web3 Companies, Founders, and DAOs to entry third-party fiat funds, OTC trades, tokenized real-world property, vIBANs, and on/off-ramping.

Web3 Companies, DAOs, and Excessive Internet Price People discover themselves underserved by conventional banks, whereas custodial and centralized crypto exchanges pose dangers and unreliability. Skyline Digital has made it a mission to resolve these points on the core of Web3 enterprise with its non-custodial platform, offering entry to TradFi providers instantly from any pockets.

Switzerland is the crypto-friendly dwelling base of Skyline Digital, from the place it operates as a regulated monetary middleman and VASP. From there, Skyline Digital facilitates a wide range of monetary actions, together with third-party funds, OTC trades, vIBANs, on and off-ramping, and tokenized real-world property resembling US treasury payments.

Skyline Digital’s suite of providers addresses the wants of Web3 organizations, together with enterprise bills, contractor funds, or service supplier transactions. To this point, prospects have utilized the platform for various kinds of transactions, together with actual property investments, paying authorized charges, buying a Tesla, and hiring contractors on a world scale.

The platform’s integration with Web3 liquidity suppliers and conventional finance establishments permits it to behave as a fee facilitator, dealing with the trade and fee from and to any main stablecoin and fiat forex (EUR, USD, CHF, GBP, SGD). Onboarded prospects can instantly course of transactions from their Metamask, Protected, Ledger, or different wallets, bypassing the intricacies related to conventional banking intermediaries. Final month, the platform prolonged the combination to Polygon Mainnet, and now customers can select between that community and Ethereum.

“For Web3 professionals, the boundary between TradFi and DeFi remained virtually impenetrable. Bridging on-chain property to the true world posed important challenges, particularly for Unincorporated DAOs, as a consequence of their lack of a authorized entity. We will course of single and batch transactions instantly from our shopper’s Web3 wallets. The choice is a cumbersome and dear mixture of centralized trade and financial institution transactions, which all require custody of your property and bear substantial charges.” says Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital.

A definite characteristic of Skyline Digital is its accessibility to the standard investor market. Conventional buyers can subscribe to Web3 fundraises by way of financial institution transfers with no need a pockets or technical sophistication.

Moreover, for Web3 companies, Skyline Digital simplifies accounting reconciliation by offering detailed descriptions and monitoring of on-chain and fiat funds.

Skyline Digital additionally affords prospects crypto-to-crypto batch funds freed from cost, contrasting its opponents, which cost as much as 9000 USD yearly, coupled with a 0.2% to 0.5% cost utilized to every batch fee. Skyline Digital costs 1% and 10 USD per fiat fee with out onboarding or month-to-month charges.

The platform went stay in early 2023 and offers its rails additionally by way of API, whereas working with companions to make it accessible by way of primary Web3 infrastructure instruments and platforms. This 12 months, Skyline Digital will roll out new TradFi and DeFi options, resembling invoicing performance, playing cards, and loans. To this point, Skyline providers among the business’s most well-known DAOs and companies.

About Skyline Digital 

Skyline Digital is a non-custodial resolution opening the doorways of TradFi for Web3 Companies, Founders and DAOs.

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Contact

Cíntia Costa
Skyline Digital AG
cintia.costa@skylinedigital.xyz