Targeted business activity is crypto-backed lending with fiat (USD, EUR, CHF), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX) for private individuals (retail customers) and supporting crypto to crypto and crypto to fiat conversion/exchange services.
The legal roadmap for YouHodler SA, includes:
- Affiliation to the Self Regulatory Organisation (SRO) in order to comply with all anti-money laundering (AML) requirements;
- Further development of the legal structure in order with the Cantonal Department of Economic Promotion and Trade requirements;
- Application for a FINMA FinTech or Banking license.
Also, the company conducts constant and close monitoring of all changing and upcoming requirements in regards to new Distributed Ledger Technology (DLT) regulations.
YouHodler SA plans to start its commercial activities in Switzerland and abroad after official recognition by SRO and completion of other essential steps from the legal roadmap.