.png)
2 hours ago
2
Future’s $34.5 million round, backed by Fulgur Ventures, Tobam and others, highlights Switzerland’s growing role in institutional Bitcoin adoption.
Future Holdings, a Switzerland-based Bitcoin treasury and custody company, has raised 28 million Swiss francs (about $34.5 million) in a strategic round anchored by Fulgur Ventures, Nakamoto and Tobam, the company announced on Tuesday.
Branding itself as “Switzerland’s premier Bitcoin treasury company,” Future said in a news release that it will provide multisignature custody, treasury tools and advisory services for companies seeking to hold Bitcoin (BTC) on their balance sheets.
The company said it combines treasury operations, research and wallet infrastructure to help institutions manage and account for Bitcoin exposure within traditional corporate structures.
“This round brings together leading venture investors who share our conviction in Bitcoin and in the strength of the team we have built at Future,” Future CEO Sebastien Hess said in the release, adding that the commitment reflects confidence in the vision to build a premier Bitcoin treasury company in Europe.
Future blends traditional finance and Bitcoin-native leadership
Future’s co-founders include Marc Syz, the CEO of Syz Capital; Julian Liniger, the CEO of Switzerland-based Bitcoin-only investment app Relai, and Adam Back, the inventor of Hashcash and CEO of Blockstream.
Future is led by traditional finance and Bitcoin-native executives. Its chairman, Richard Byworth, is the managing partner at Switzerland-based private investment firm Syz Capital, and Hess is a fintech and Bitcoin entrepreneur who worked at Block Green, a project backed by Peter Thiel and Coinbase.
Its backers, Fulgur Ventures and Tobam, bring further credibility to the company. Fulgur is known for its early-stage Bitcoin infrastructure investments, while Tobam operates a Bitcoin Treasury Opportunities Fund that targets corporate adopters.
Related: Solana treasury Forward Industries authorizes $1B share repurchase
Switzerland’s expanding Bitcoin ecosystem
Future joins a growing lineup of institutional Bitcoin service providers in Switzerland. Companies including Bitcoin Suisse and Sygnum Bank are catering to asset managers, foundations and Web3 enterprises.
Future’s launch also coincides with a wave of regulatory clarity across Europe, where Switzerland-based companies have been securing Markets in Crypto-Assets Regulation (MiCA) licenses.
On Oct. 24, Relai, which Future co-founder Liniger also co-founded, became one of the first Bitcoin-only platforms to receive MiCA authorization from France’s Autorité des Marchés Financiers. This allows the company to expand its regulated Bitcoin buying, saving and selling services within the European Union.
Magazine: Grokipedia: ‘Far right talking points’ or much-needed antidote to Wikipedia?
