Will allow institutional and traditional investors to get in on Jibrel's ongoing ICO
As Bitcoin continues to skyrocket (over $16k at the time of this writing), the crypto world continues to move forward in other digital currencies and "altcoins." In some of the latest news, the Jibrel Network announced their partnership with digital asset management company, Bitcoin Suisse.
While the Jibrel Network allows for asset-backed tokens in the form of CryptoDepository Receipts, their ongoing ICO requires investments in the form of Bitcoin or Ethereum - something that many institutional and traditional investors may lack. This partnership with Bitcoin Suisse will eliminate that need by providing a method of purchase through the use of traditional currencies like the US dollar, the British Pound, and the Euro - giving traditional investors a straightforward way to invest in the rising digital world.
"Bitcoin Suisse are considered the gold standard in the crypto industry when it comes to KYC/AML compliance as well as the safety and security of funds,” said Jibrel Network co-founder Talal Tabbaa. “It has always been a part of our plan to list with Bitcoin Suisse. During my first visit to Zug, I was lucky to meet the Bitcoin Suisse team, and I was amazed by their professionalism and extensive understanding of the intricacies of this industry.”
With both companies being a part of the Crypto Valley Association, this partnership seems like the perfect match for the two.
"Bitcoin Suisse executes comprehensive due diligence before onboarding projects, and we felt Jibrel Network ticked all the boxes,” said Bitcoin Suisse head of ICO Nicolai Oster. “We are very happy to host their ICO."