Credit Suisse ex-manager to launch Ethereum blockchain project

One of the most respected banks in the financial world, Credit Suisse, might have indirectly contributed to the cryptocurrency market. The former Digital Officer of this bank has just launched a new project based on the Ethereum chain, and a notable feature of this project ICO is that its token will be fully compliant with Swiss laws on securities. This correlates with the globally popular governmental “tokens as securities” regulative concept, which, as the most notable example, the government of the United States has decided to apply.

As Marco Abele (that aforementioned former Credit Suisse Digital Officer) notes, “conventional investments have become uninteresting for the modern generation. That makes meaningful, special assets increasingly desirable and hence valuable. TEND was born out of the opportunities presented by these two trends.”

TEND is the name of this launched startup dedicated to shared ownership, as the team describes it. Shared ownership is a very popular concept nowadays, but it has to be well-applied practically.