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Author Topic: [ANN] Mt Pelerin - Swiss Blockchain Banking  (Read 515 times)
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October 30, 2018, 02:23:40 PM
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Building the Bank of Tomorrow

Mt Pelerin is a Swiss project to create the first bank to be fully built on blockchain in total compliance with regulations.
More than a crypto bank, Mt Pelerin will bring the legacy world of finance on the blockchain, and not the other way around.

It aims to obtain relevant Swiss banking licenses in late 2019, a preliminary process started in early 2018
with the help of two of the Big Four firms and some of Switzerland's best banking lawyers.

Mt Pelerin is defining a protocol to use blockchains for banking services,
and building a core banking system that tokenizes the entire bank's balance sheet.

Its ambition is to shape the future of the way we bank, by democratizing complex
financial products and services in a simple, transparent and cost-efficient way.

At the same time, it aims to seamlessly bridge the crypto economy with traditional finance.








Business Model

Our Mission

Protected by heavy regulations, the world of banking has always been a walled garden hermetic to disruption.
Now more than ever, a paradigm shift is called for and all the tools are now here to enable the banking industry to evolve.
At Mt Pelerin, we want to see this long-overdue evolution take place with a new business model, which tokenizes the entire bank
to offer banking services in a whole new way, while effectively bridging the new crypto world with traditional banking.

To achieve this, we have designed an approach based on three pillars:


1. 100% Deposit Reserve


Money deposited on Mt Pelerin’s current accounts will be kept in full in highly liquid reserve,
with the state of the total reserve being public and reported in real time on chain.
Unlike other banks, we will not reinvest our customers’ deposits in risky assets for our own profit.

2. Marketplace Approach

With deposits being kept safely in reserve, Mt Pelerin will offer banking services through marketplaces
with the necessary compliance and technological facilitation built-in for third party providers.
Integrated in an e-banking portal, the goal of these marketplaces will be to connect customers
and third party providers and let them freely offer and request services at the conditions they choose.

The marketplaces that Mt Pelerin wants to offer include:

▪ Currency spot exchange
▪ Futures and derivatives
▪ Loans
▪ Savings
▪ Products for small and medium businesses
▪ Tokenized funds
▪ Corporate finance
▪ Trade finance

3. Tokenization

Our ambition is to tokenize all assets (loans, for instance) and liabilities (deposits), i.e. issue them on Ethereum blockchain (at launch) as ERC20 compatible tokens,
creating an ecosystem where smart contracts can be applied to any financial instrument that has a market value.
With this approach, we want to bring an unprecedented level of liquidity
and convenience to the trade of banking and financial instruments, resulting in disruption of the status quo.
This would also create an effective bridge between crypto assets and classical finance.

Modular and Open Platform

On the technological side, we want to have an inclusive approach by building an open banking tech environment that will benefit all participants.
Our marketplaces will be built as an open platform providing core services, on top of which micro-services will be added as independent API based software bricks.
We will be able to connect the services of third parties to our bricks, and even add their own complementary bricks to our platform.

Compliance & Regulation

We will strive to become the first blockchain-based bank to be established and completely regulated in a country renowned for the stability
and excellence of its financial and legal environment, but also for its open-mindedness about blockchain and cryptocurrencies: Switzerland.

We are working towards obtaining relevant licenses (notably banking and security dealer licenses) from Switzerland’s financial regulator(FINMA),
and we are preparing the regulatory compliance of our services, structure and funding proposal.
For this critical regulatory part, we are working together with some of Switzerland’s best business lawyers and banking specialists.

With this upstream preparation, we want our investors to have as much confidence as possible that the funds invested in our project will go towards
its implementation and not into the resolution of regulatory conflicts that would come from insufficient planning.





Project Funding

Purpose

Establishing a bank in Switzerland is an expensive endeavour, and the authority delivering banking licenses has many strict requirements.
Its financial requirements include a minimum bank share capital, sufficient funding to cover three years of operational costs, and of course funds to cover legal & audit costs.
We therefore come to you to raise funds for this historical project, to involve you in the creation of the institution that many of you have been calling for.

Seed Round

To raise the initial funding necessary to develop Mt Pelerin, we invite you to become
a shareholder of Mt Pelerin Group SA, which will hold the bank of the future.

To make this possible, Mt Pelerin Group SA is the first company in the world to tokenize its shares on the blockchain
and to sell tokens that are recognized as shares and provide legal protection conferred by Swiss law.
Indeed, they include full voting and dividend rights once the token holder is registered.
This is why we have named our token MPS for Mt Pelerin Shares.

Moreover, the investment of the first believers in our project means a lot to us, which is why our equity
structure is designed to protect you from any dilution in case of a second round of funding.


Sale Details

The token and sale details are all available on this page: https://www.mtpelerin.com/invest

Sale Dates

Start: October 30th 2018 - 12h00 (noon) CET
End: December 15th 2018 - 12h00 (noon) CET

Registration

To register for the sale, please go to: https://www.mtpelerin.com/invest


Main Funding Round

To be announced.



Roadmap




Wallet

For the needs of our project, we are also developing an open-source, fully decentralized wallet that can
store and manage cryptocurrencies, ERC-20 compatible tokens and smart contracts.
Our wallet will also support SBTC and ERC20 on the Rootstock (RSK) blockchain.

Separate wallet announcement thread coming soon.




Team & Advisors

Team

Arnaud Salomon - Founder & CEO




Reynald Besson - VP Legal and Compliance

Sébastien Krafft - VP Engineering

Yann Gerardi - VP Marketing

Laurent Aapro - VP Security and Blockchain

David Llobet-Calaf - VP Trade Finance

Yannick Zehnder - Marketing Advisor

Dan Quinton - Community Manager

Azusa Kato Kozma - Community Manager


Advisors

Kuno Kennel - Chairman of the Board of Directors of the Schwyzer Kantonalbank

Dr. Jürg Conzett - Founder & Head of the Zürich MoneyMuseum, Founder of the Sunflower Foundation

Dr. Michael Stumm - Professor at University of Toronto, Co-Founder & Former President of Oanda

Marc Bettinger - aka Altcoindad (ex owner of "Der Altcoinspekulant"), Director at Forctis.io, Altcoin veteran.

Alexandre Kozma - Vice-President Senior Bonds Portofolio Manager at Banque Pictet & Cie

Paul Wang - Cybersecurity Advocate




Co-Host of the Altcoin Meetup Switzerland
Director at Forctis AG - Building the next revolution in Blockchain: Forctis.io
Strategic Advisor of the Blockchain projects Smart Containers and Mt Pelerin
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October 30, 2018, 03:01:27 PM
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Reserved
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October 30, 2018, 03:33:07 PM
 #3

Scam, they lured investors in with a shilling ICO pool claiming it's a "Seed round" and it turned out to be a  20% bonus with 2 times worse $ lock than public sale. LOL

You already claimed that on Reddit. Can you please elaborate on what you mean?
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October 30, 2018, 03:36:01 PM
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I've invested into this project. Looks really good.  Smiley
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October 30, 2018, 03:38:44 PM
 #5

Interesting project. I'll look forward to see what you guys can pull off in the coming years!
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October 30, 2018, 03:41:38 PM
 #6

Thank you for your support !
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October 30, 2018, 04:50:19 PM
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Scam, they lured investors in with a shilling ICO pool claiming it's a "Seed round" and it turned out to be a  20% bonus with 2 times worse $ lock than public sale. LOL

I usually don’t comment on bitcointalk, I’m just a lurker. But considering how young the community for this project still is, I feel like I should respond.
If it’s a scam, it’d be a really dumb one considering the regulatory environment in which they decided to get into.
The seed round was pegged to the Eth price for both 1st and 2nd round at the time of TGE, so there may have been some discrepancies with the amount of token received, but this does happen sometimes during early stage funding.
Regarding the public sale, it’s simply false; main sale investors have the same peg in fiat without any further bonus.
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October 30, 2018, 04:57:50 PM
 #8

Amazing!!
Im very excited
First tokenized bank  Roll Eyes
I think and i hope taht im taking part in a revolutionary change  Smiley
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October 30, 2018, 05:07:13 PM
 #9

Amazing!!
Im very excited
First tokenized bank  Roll Eyes
I think and i hope taht im taking part in a revolutionary change  Smiley

We are definitely working hard in that direction, thank you!
MeAtBicointalkSince2018
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October 30, 2018, 05:08:18 PM
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Scam, they lured investors in with a shilling ICO pool claiming it's a "Seed round" and it turned out to be a  20% bonus with 2 times worse $ lock than public sale. LOL

I guess this guy I'm quotin was kicked out for any reason or bought his remaining Eth at ath or hadn't have new fiat to participate.
This is just guessing. But I know is: he knows nothing and/or is just jealous.

Times to leak pools are over, maybe such persons are perishing in bitcointalk?
Mt. Perelin is one or the best opportunity in crypto at all in these days.
This project is regulated by law. In Switzerland.

Someone may don't like this project for some reasons.
To talk from scam is just stupid, poor, jealous.
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October 31, 2018, 07:52:54 AM
 #11

This is a terrible ICO, the admins are manipulating and shilling posts with accounts of the same name as their telegram. They also lured investors in with a "seed round" which was a 20% bonus with a 2 times worse $ lock than public sale.
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October 31, 2018, 09:38:06 AM
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...shilling posts with accounts of the same name as their telegram.

Would you prefer fake names? Roll Eyes
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October 31, 2018, 05:17:37 PM
 #13

Many of you asked us what has been the legal base and process to achieve the tokenization of our shares in Switzerland.

An entire step-by-step document has been publicly released by the CMTA, the Swiss association whose mission is to define the standards for the application of blockchain in finance.

Mt Pelerin is a member of the association, and was the first company to put this blueprint to practice with its MPS token.

Read more about it here:

https://www.mtpelerin.com/blog/blueprint-for-the-tokenization-of-shares.html
MeAtBicointalkSince2018
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November 01, 2018, 12:37:12 PM
 #14

This is a terrible ICO, the admins are
what a bs. you better invest in stocks. go and call your bank agent tomorrow. better 4u
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November 01, 2018, 05:06:10 PM
 #15

Don't forget to check the FAQ of the project, which regroups a good part of the questions we received on Telegram:

https://www.mtpelerin.com/faq
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November 03, 2018, 01:36:38 PM
 #16

Mt Pelerin's MPS tokens are real tokenized shares, i.e. one token simply equals on share in the holding company that will own the bank we are creating, its core banking, tokenization and compliance technologies.

Token holders are therefore shareholders protected by Swiss law, with full voting and dividend rights. A world first for tokens to be considered as shares in a reputable jurisdiction, without resorting to a private law contract in order to simulate shares between investors and the company.

Read more about this achievement in this blog article.

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November 07, 2018, 03:05:20 PM
 #17

We will start publishing frequently a whole series of videos on our YouTube channel with each video explaining one aspect of the Mt Pelerin project in detail.

Let's start this series with a short introduction from Arnaud !

https://youtu.be/XdsnOf_GJeE

Don't forget to subscribe to our YouTube channel if you don't want to miss all the upcoming videos:

https://www.youtube.com/channel/UCwPXLL_2baDdXP5k_EznE8w?sub_confirmation=1

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November 08, 2018, 08:37:01 AM
 #18

Mt Pelerin - Introduction to the Bank of the Future

Mt Pelerin

Mt Pelerin is a Swiss project to create the first bank to be fully built on blockchain in total compliance with regulations. More than a crypto bank, Mt Pelerin will bring the legacy world of finance on the blockchain, and not the other way around.

It aims to obtain relevant Swiss banking licenses in late 2019, a preliminary process started in early 2018 with the help of two of the Big Four firms and some of Switzerland's best banking lawyers.

Mt Pelerin is defining a protocol to use blockchains for banking services, and building a core banking system that tokenizes the entire bank's balance sheet.

Its ambition is to shape the future of the way we bank, by democratizing complex financial products and services in a simple, transparent and cost-efficient way.

At the same time, it aims to seamlessly bridge the crypto economy with traditional finance.


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November 08, 2018, 10:41:50 PM
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Very interesting concept and product (multi-currency IBAN) + financial services marketplace. The team seems to be experienced in the banking domain.

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November 08, 2018, 10:54:39 PM
 #20

Mt Pelerin - Introduction to the Bank of the Future

Mt Pelerin

Mt Pelerin is a Swiss project to create the first bank to be fully built on blockchain in total compliance with regulations. More than a crypto bank, Mt Pelerin will bring the legacy world of finance on the blockchain, and not the other way around.

It aims to obtain relevant Swiss banking licenses in late 2019, a preliminary process started in early 2018 with the help of two of the Big Four firms and some of Switzerland's best banking lawyers.

Mt Pelerin is defining a protocol to use blockchains for banking services, and building a core banking system that tokenizes the entire bank's balance sheet.

Its ambition is to shape the future of the way we bank, by democratizing complex financial products and services in a simple, transparent and cost-efficient way.

At the same time, it aims to seamlessly bridge the crypto economy with traditional finance.

Yap it will be the global appeal of platforms because of blockchain-based. They also sought to bring the liquidity which has never happened before to trade in financial instruments.

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