Zug, Switzerland, February 7, 2024, Chainwire
The Swiss-based platform Horizon digital gives Web3 companies, founders, and underbanked DAOs access to third-party fiat payments, OTC transactions, tokenized real-world assets, vIBANs, and on/off ramping.
Web3 companies, DAOs, and high-net-worth individuals are underserved by traditional banks, while centralized crypto exchanges pose risks and unreliability. Skyline Digital has made it a mission to solve these problems at the core of Web3 operations with its non-custodial platform, which provides access to TradFi services directly from any wallet.
Switzerland is the crypto-friendly home of Skyline Digital, from where it operates as a regulated financial intermediary and VASP. From there, Skyline Digital facilitates a variety of financial activities, including third-party payments, OTC transactions, vIBANs, on- and off-ramping, and tokenized real-world assets such as U.S. Treasury bonds.
Skyline Digital’s suite of services meets the needs of Web3 organizations, including operating expenses, payments to contractors or transactions with service providers. So far, customers have used the platform for various types of transactions, including real estate investing, paying legal fees, buying a Tesla and hiring contractors on a global scale.
The platform’s integration with Web3 liquidity providers and traditional financial institutions allows it to act as a payment facilitator and handle the exchange and payment to and from all major stablecoin and fiat currencies (EUR, USD, CHF, GBP, SGD) . Integrated customers can process transactions directly from their Metamask, Safe, Ledger or other wallets, bypassing the complexities associated with traditional banking intermediaries. Last month, the platform expanded the integration to Polygon Mainnet, and now users can choose between that network and Ethereum.
“For Web3 professionals, the line between TradFi and DeFi remained virtually impenetrable. Bridging on-chain assets to the real world posed significant challenges, especially for unincorporated DAOs, due to their lack of a legal entity. We can process single and batch transactions directly from our client’s Web3 wallets. The alternative is a cumbersome and costly combination of centralized exchange and banking transactions, all of which require the custody of your assets and incur significant costs.” says Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital.
A distinguishing feature of Skyline Digital is its accessibility to the traditional investor market. Traditional investors can subscribe to Web3 fundraisers via bank transfers without the need for a wallet or technical sophistication.
Additionally, Skyline Digital simplifies accounting reconciliation for Web3 businesses by providing detailed descriptions and tracking of on-chain and fiat payments.
Skyline Digital also offers customers free crypto-to-crypto batch payments, unlike its competitors, who charge up to USD 9,000 annually, coupled with a 0.2% to 0.5% fee applied to each batch payment. Skyline Digital charges 1% and 10 USD per fiat payment with no onboarding or monthly fees.
The platform went live in early 2023 and also delivers its rails via API, while working with partners to make it accessible across key Web3 infrastructure tools and platforms. This year, Skyline Digital will roll out new TradFi and DeFi features such as billing functionality, maps and loans. To date, Skyline serves some of the most well-known DAOs and companies in the industry.
About Skyline Digital
Horizon digital is a non-custodial solution that opens the doors of TradFi to Web3 companies, founders and DAOs.
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Contact
Cintia Costa
Skyline Digital AG
cintia.costa@skylinedigital.xyz