The Swiss cryptocurrency exchange platform, SwissBorg, has successfully closed her community fundraiserraising a significant sum of more than 21.27 million Swiss francs (approximately $23 million). involving 16,660 retail investorsthis financing round of series A was intended to allow private contributors to obtain a share of the capital of the platformthus facilitating the democratization of wealth management.
Following fundraising, SwissBorg’s valuation soared to 223.14 million Swiss francs. As a result, the community now owns 9.53% of the actions of SBorg SA, the main holding company of the exchange platform. Investors purchased shares through SwissBorg Community AG, a separate entity, which will then be used to acquire equity in SBorg.
Cyrus FazelCEO and founder of SwissBorg, expressed his enthusiasm for this financing round on social networks. He highlighted the company’s commitment to replacing the traditional venture capital model and providing users with the opportunity to become shareholders. Thanks to this unprecedented funding round, SwissBorg has made considerable progress in achieving this goal.
even though crypto currencies have generally seen an upward trend this year, the token CHSB of SwissBorg suffered a decline. At the time of writing, the price of CHSB has fallen about 5% since the start of the year.
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