TradFi is now accessible on Web3 via Skyline Digital – Blockchain News, Opinion, TV and Careers

adminFebruary 7, 2024

Zug, Switzerland, February 7, 2024, Chainwire

Swiss-based platform skyline digital We enable underbanked Web3 businesses, founders, and DAOs to access third-party fiat payments, OTC transactions, tokenized real-world assets, vIBAN, and on/off ramps.

Web3 corporations, DAOs, and high net worth individuals are underserved by traditional banks, while custodial and centralized cryptocurrency exchanges pose risks and instability. Skyline Digital has made it its mission to solve these problems at the core of its Web3 business through a non-custodial platform that provides access to TradFi services directly from any wallet.

Switzerland is home to the cryptocurrency-friendly Skyline Digital, which operates as a regulated financial intermediary and VASP. Here, Skyline Digital facilitates a variety of financial activities, including third-party payments, OTC trading, vIBAN, on/off ramps, and tokenized real-world assets such as U.S. Treasury bonds.

Skyline Digital’s suite of services addresses the needs of Web3 organizations, including business expenses, contractor payments, or service provider transactions. To date, customers have utilized the platform for many different types of transactions, including investing in real estate, paying legal fees, purchasing a Tesla, and hiring contractors on a global scale.

The platform integrates with Web3 liquidity providers and traditional financial institutions to act as a payment facilitator, allowing it to process exchanges and settlements with major stablecoins and fiat currencies (EUR, USD, CHF, GBP, SGD). Once onboarded, customers can process transactions directly from Metamask, Safe, Ledger, or other wallets, bypassing the complexities associated with traditional banking intermediaries. Last month, the platform expanded its integrations to the Polygon Mainnet, and users can now choose between that network and Ethereum.

“For Web3 experts, the border between TradFi and DeFi has been virtually impenetrable. Connecting on-chain assets to the real world has presented significant challenges, especially for non-integrated DAOs, due to their lack of legal entity. We can process single and batch transactions directly from our customers’ Web3 wallets. The alternative is a cumbersome and expensive combination of centralized exchanges and banking, all of which require management of your assets and incur significant fees.” Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital, says:

Skyline Digital’s distinguishing feature is its accessibility to the traditional investor market. Existing investors can subscribe to Web3 fundraising via bank transfer without the need for a wallet or technical sophistication.

Additionally, for Web3 businesses, Skyline Digital simplifies accounting reconciliation by providing detailed accounting and tracking of on-chain and fiat payments.

Skyline Digital also offers customers free cryptocurrency-to-crypto bulk payments. This is in contrast to competitors who charge up to $9,000 per year, with a 0.2% to 0.5% fee applied to each lump sum payment. Skyline Digital charges 1% and 10 USD per fiat payment with no onboarding or monthly fees.

The platform was launched in early 2023 and will also provide rails via API while working with partners to make it accessible through leading Web3 infrastructure tools and platforms. This year, Skyline Digital plans to launch new TradFi and DeFi features such as invoicing capabilities, cards, and lending. To date, Skyline serves some of the most well-known DAOs and businesses in the industry.

About Skyline Digital

Skyline Digital is a non-custodial solution that opens TradFi’s doors for Web3 businesses, founders, and DAOs.

Official website | LinkedIn | Twitter | telegram