28 Jul Crypto Founders: Oliver von Landsberg-Sadie, BCBGroup
BCBGroup is a business banking challenger for the crypto and blockchain industry. Since incorporating in 2017 the company has gone from strength to strength, beating a path from OTC trading to a full scale global payments network. We chatted to founder Oliver von Landsberg-Sadie to find out about the journey.
The company started out as an OTC trading desk after seeing a gap in the market for a personal, high touch brokerage. As the Bitcoin price made mainstream headlines in 2017, reaching its ath of $20k in December, there was plenty of opportunity for a service that could simplify this highly technical and risky asset class. But it wasn’t all plain sailing, as Oliver explained,
‘It was so hard to get basic banking to pay staff, get basic investment or to buy and sell crypto, so 18 months ago we switched into banking to try to solve some of those problems that we encountered.’
Tackling the problem head on the company became a regulated financial services enterprise and expanded its offering to include business banking, digital custody, fx trading and cryptocurrency. Incorporated in both the UK and Switzerland, the company offers services in GBP, EUR and CHF.
BCBGroup now supports all major exchanges, with Bitstamp and Galaxy as its longest running clients. And business shows no signs of slowing down as the company crossed the $2 billion mark in transactions last week.
On 3rd August the platform launches its brand new offering, BLINC (BCB Liquidity Interchange Network Consortium). This will be the European crypto industry’s first real-time fiat settlement network. A fast payments network, integrated with Corda, will allow counterparties to settle with each other instantly, 24/7, for free and with no transaction limits. The service will support GBP, EUR and CHF on launch, with cryptocurrency to follow shortly afterwards.
For more information see BCBGroup.io