Swiss fintech firm Lykke announces ICO

Swiss fintech firm Lykke announced the start of its ICO campaign.

The company hopes to raise 1.5 million Swiss francs through the sale of thirty million Lykke coins, a cryptographic currency that uses the bitcoin blockchain to record transactions. The coins on sale represent ownership of Lykke, an exchange for trading financial instruments using blockchain technology. Anyone over 18 (except US citizens) can buy Lykke coins using the Lykke Wallet application for iOS or Android. Buyers can pay using Swiss francs, US dollars, bitcoin, and ether.

“Lykke is looking for investors who want to change the face of the global market. Our goal is to upset the inefficiency and unfairness of the existing financial system, giving people a better way to manage their money and their assets,” Lykke founder Richard Olsen.

Lykke received initial seed funding in 2015. Philipp Netzer, an investor in the company, says: “Lykke is the beginning of a giant movement that will trigger a lot of very important changes in the financial industry.”