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Adam Back and Switzerland’s FUTURE Secure 28M Swiss Francs to Build Bitcoin Treasury
Funding round backed by Fulgur Ventures, Nakamoto, and TOBAM positions FUTURE as an institutional bridge between Bitcoin and global capital.
Updated Nov 5, 2025, 9:49 a.m. Published Nov 5, 2025, 9:20 a.m.
What to know:
- FUTURE (Future Holdings AG) raised $35 million (28 million Swiss francs) to expand its balance-sheet-driven bitcoin treasury model under leadership of Richard Byworth, Sebastien Hess and Adam Back.
- The firm’s strategy spans BTC treasury operations, analytics, secure infrastructure, and advisory, with plans to host the Future Bitcoin Forum 2026 in Switzerland.
Future Holdings AG (FUTURE), a Zurich-based bitcoin treasury company, said it raised 28 million Swiss francs ($35 million) in a funding round led by Fulgur Ventures, Nakamoto, and TOBAM.
The firm aims to bridge traditional finance (TradFi) and bitcoin through a balance-sheet-driven institutional model. FUTURE is led by Chairman Richard Byworth of Syz Capital and CEO Sebastien Hess, a fintech and Bitcoin entrepreneur.
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Its leadership also includes prominent figures such as Marc Syz, Julian Liniger, and Adam Back, the cryptography pioneer and creator of Hashcash that is seen as the forerunner Bitcoin’s proof-of-work consensus mechanism.
The company’s integrated operations span bitcoin treasury management, institutional research, secure infrastructure, and advisory services.
FUTURE seeks to position itself as Europe’s premier bitcoin treasury company, offering transparent, disciplined access to BTC for global institutions. Byworth highlighted Switzerland’s financial strength and the investors’ confidence as key indicators of growing demand for institutional-grade Bitcoin solutions in Europe.
"Our strategic positioning in one of Europe's key financial centres, with a 0% base rate and 0.12% yield on ten-year bonds, combined with a team of Bitcoiners boasting strong financial pedigrees, creates a significant opportunity set for a bitcoin treasury company," said Byworth.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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