Share this article
Swiss FlowBank to Open Crypto ‘Gateways’ Following $11.8M Investment from CoinShares
The Nasdaq-listed digital asset manager said it was offering its expertise for the bank to start building atop its technology stack.
Updated May 11, 2023, 5:45 p.m. Published Oct 7, 2021, 5:00 a.m.
Jersey, Channel Islands-based digital-asset investment firm CoinShares is planning to integrate its crypto technology stack for a new Swiss digital bank following an $11.8 million strategic investment.
CoinShares bought 110,000 shares of FlowBank, a financial institution established in 2020 and licensed by the Swiss Financial Market Supervisory Authority. Total shares purchased represent 9.02% of the bank’s enlarged share capital, according to a press release on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Beginning next year, the bank said it plans to offer customers the ability to directly buy, hold and sell cryptocurrencies, as well as other tokenized assets, directly from their FlowBank accounts.
“This further reinforces FlowBank’s commitment to go beyond the frontiers of traditional investment by providing its customers easy-to-use and trusted gateways to traditional and decentralized finance,” said FlowBank founder and CEO Charles-Henri Sabet.
CoinShares’ business of offering crypto management services and infrastructure has proved profitable for the seven-year-old company. In the first quarter of this year, the firm reported a year-on-year increase in comprehensive income of $34.9 million, representing a 338% jump in profit from the year prior. The firm reported a further fivefold increase in profits in August.
“CoinShares’ technology stack has been the backbone of our success since 2015,” said Jean-Marie Mognetti, CoinShares CEO and co-founder. “To date, this infrastructure layer has powered our internal commercial developments.”
CoinShares began trading on the Nasdaq First North Growth Market in March following a public offering that raised $17.8 million.
“FlowBank’s and our vision for the banking and investing industries are aligned and will serve as fertile soil for a fruitful partnership,” Mognetti said.
Read more: CoinShares to Buy Elwood’s ETF Index Business for $17M
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
