🚨 ILFP attended CEX24's 1st Fintech Roundtable

On February 7th, Dirc Zahlmann and Felix Honigwachs invited industry experts to the '1st Fintech Roundtable of CEX24' at the Baur au Lac in Zurich. The event brought together professionals to discuss the future of the fintech sector and the role of blockchain technology. Participants explored the importance of regulation and collaboration to strengthen trust in the industry and achieve the next stage of blockchain adoption. This joint statement outlines their conclusions and commitments.

Joint Statement of the 1st Fintech Roundtable

Introduction

We, the attendees of the Fintech Roundtable, are proud to represent the Swiss fintech industry and to bring together a diverse group of experts, entrepreneurs, and leaders to discuss the future of finance. We would like to express our gratitude to all attendees for taking the time to engage on a meaningful and productive basis.

The legal industry is represented by

Thomas Frick, Partner at Niederer Kraft Frey Ltd., and
Julian Hlousek, Managing Director of ILFP Legal Partners LLC.

Industry representatives were represented by

Mathias Ruch (Founder and CEO), David Long (Global Head of Investments) and Sita Chopra (Relationship Manager) of CV VC AG
Cédric B. Borer, President of GOFINTECH AG and
Tibor Müller (Managing Director), Oliver Wolfensberger (Equity Partner) and M.D. Philipp Rösler (Equity Partner) of Crypto Valley Partners AG.

The roundtable was invited by

Dirc Zahlmann, Managing Partner at Zahlmann Consulting International and
Felix Honigwachs, President at CoinX24 AG.

As the fintech and blockchain industry continues to evolve, it is essential that we come together to share our thoughts, ideas, and insights. On 7 February 2023, we had the opportunity to discuss the opportunities and challenges facing the industry, and we are proud to have reached a common understanding about the path forward.

It is our hope that this joint statement will serve as a call to action for the industry and for stakeholders around the world, and that it will help to shape the future of finance in a positive and meaningful way.

Key Takeaways

After a productive and insightful discussion, we have identified several key takeaways that we believe are crucial to the future of the fintech and blockchain industry:

Compliance and Regulation: We acknowledge the importance of compliance and regulation in ensuring a safe and secure environment for innovation. The industry must work closely with regulators to establish clear and transparent guidelines for the use of these technologies.
Adoption and Integration: We see the next major step towards blockchain adoption as the integration of these technologies into mainstream financial systems. This will require ongoing investment in research and development, as well as in the education of the public and relevant stakeholders.
Collaboration and Standards: We recognize the need for international collaboration and standards to drive the industry forward and ensure its success. We are committed to working together to achieve these goals and to position the fintech and blockchain industry as a leader in the digital transformation of finance.
Regulated Infrastructure Providers: The support of regulated infrastructure providers for blockchain and fintech companies, along with the provision of compliant BaaS and BaaP offerings, will be crucial in driving the industry forward and ensuring its success.
Trust in the Industry: We are committed to rebuilding trust in the blockchain technology and blockchain companies by promoting responsible practices, transparency, and accountability within the industry.

We believe that these key takeaways are essential to the future of the fintech and blockchain industry and we are committed to working together to achieve them.

Shared Vision

As we look to the future, we see the next major step towards blockchain adoption as the integration of these technologies into mainstream financial systems, allowing for increased efficiency, transparency, and accessibility. To achieve this, we believe it is necessary to continue investing in research and development, as well as in the education of the public and relevant stakeholders. The support of regulated infrastructure providers for blockchain and fintech companies, along with the provision of compliant BaaS and BaaP offerings, will be crucial in driving the industry forward and ensuring its success.

We recognize the need for international collaboration and standards to drive the industry forward and ensure its success. We are committed to working together to achieve these goals and to position the fintech and blockchain industry as a leader in the digital transformation of finance.

The achievement of these goals, in parallel, will contribute to the restoration of trust, which is a critical asset for the industry. This will be further strengthened through transparent and responsible operations, as well as by closely collaborating with regulators to establish clear and effective guidelines.

Commitment

In light of these key takeaways, we, the attendees of the Fintech Roundtable, are proud to make the following commitments:

Continuous Dialogue: We will continue to engage in constructive and open dialogue with regulators, industry leaders, and other stakeholders to ensure that the fintech and blockchain industry remains at the forefront of innovation.
Collaboration: We will work together to drive the industry forward and to promote the use of these technologies in the financial sector. This includes sharing knowledge and expertise, supporting research and development, and collaborating on standards and best practices.
Education and Awareness: We will invest in the education of the public and relevant stakeholders to promote understanding and awareness of the benefits and potential of fintech and blockchain.
Compliance and Regulation: We will comply with all relevant laws and regulations and will actively participate in the development of transparent and responsible guidelines for the use of these technologies.
Support for Regulated Infrastructure Providers: We will support the growth and development of regulated infrastructure providers and will encourage the provision of compliant BaaS and BaaP offerings.

We believe that these commitments will help to drive the fintech and blockchain industry forward and will position it for long-term success.

In addition to these commitments, the hosts of the Fintech Roundtable, Dirc Zahlmann, and Felix Honigwachs, have expressed their intention to invest a substantial portion of their fintech allocation of approximately EUR 200 million into the Swiss fintech and blockchain market.

Furthermore, ILFP Legal Partners LLC has offered to act as a point of contact for interested fintech and blockchain companies who wish to make a contribution in accordance with this declaration and to support the ecosystem and the future of finance (info@ilfp.ch, keyword: fintech roundtable).

We believe that these investments and initiatives will help to drive the fintech and blockchain industry forward and will contribute to the long-term success of the industry.

Conclusion

In conclusion, we, the attendees of the Fintech Roundtable, are proud to have participated in this meaningful and productive conversation about the future of finance and the fintech and blockchain industry. We are confident that, through collaboration, education, and compliance, this industry has the potential to revolutionize the financial sector and to drive positive change in society.

We are committed to working together to make this vision a reality and to ensure that the fintech and blockchain industry continues to grow and thrive in the years to come.

Together, we will continue to lead the way in the future of finance and the fintech and blockchain revolution.

Thank you for your continued support and dedication to the fintech and blockchain industry.

Best regards,

Dirc Zahlmann Felix Honigwachs

dirc@zahlmann.com felix@cex24.com

ILFP Legal Partners LLC is a boutique law firm located in the Crypto Valley, Switzerland, specializing in providing legal services to fintech and blockchain companies. Their team of experienced attorneys and advisors provides comprehensive legal solutions to help clients navigate the complex regulatory landscape and achieve their business goals. With a deep understanding of the industry and a commitment to excellence, ILFP Legal Partners LLC is a trusted partner for fintech and blockchain companies looking to build successful and compliant businesses.

ILFP Legal Partners LLC - Gotthardstrasse 3 - 6300 Zug - Switzerland - www.ilfp.ch

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