Mt Pelerin Hot STO
Mt Pelerin is a Swiss project to create the first bank to be fully built on blockchain in total compliance with regulations.
Mt Pelerin's ambition is to design a fully regulated and compliant bank on blockchain in Geneva, Switzerland. Their key concept is the tokenization of the entire balance sheet of the bank, making the use of smart contracts on any asset possible. Implemented around a modular and open platform, comprehensive banking services will be delivered as marketplaces where the trade of tokenized assets will be possible with unprecedented liquidity, transparency and efficiency. This will let them heavily reduce operational costs compared to traditional banks, while radically democratizing the access to assets and investment opportunities.
Being open to services from other financial institutions in order to bring more choice to their customers and a healthier competition, their marketplaces will be the bridge that they have envisioned.
Their business model is also designed to keep 100% of our clients’ current accounts in reserve, acting as a custodian bank, in a fully transparent manner. In this way, they will know that their assets are safe with them and not leveraged for profit. Instead, revenue will be driven from value-adding and innovative services offered on our marketplaces.
Dr. Jürg Conzett
Dr. Michael Stumm