
Pelerin Technology
Blockchain banking platform bridging crypto and traditional finance.
Date | Investors | Amount | Round |
---|---|---|---|
$454k | Angel | ||
Total Funding | 000k |
Pelerin is a Swiss financial technology company bridging the gap between the crypto economy and traditional finance. Founded in 2017 by Arnaud Salomon, the company is developing a blockchain-based tokenized banking project. The project's name is a reference to the Mont Pèlerin Society, a group of economists and intellectuals who advocated for an open society and free-market principles.
Pelerin's business model is built on three main pillars: 100% deposit reserves, a marketplace approach, and the tokenization of the bank. All customer funds will be held in reserve and not reinvested, aiming to provide greater security. The company plans to generate revenue by creating marketplaces that connect customers with third-party providers for services like currency exchange and loans, charging a small fee on each transaction. By tokenizing assets and liabilities on the blockchain, Pelerin aims to increase liquidity and create an effective bridge between crypto and traditional financial instruments.
The company's core products include the Bridge Wallet, a mobile application for investing in, managing, buying, and selling cryptocurrencies like Bitcoin and Ethereum, and the Bridge Protocol, an open-source asset tokenization technology. Future plans include offering a multi-currency debit card and multi-IBAN bank accounts.
Keywords: blockchain banking, tokenization, cryptocurrency, financial technology, open banking, asset tokenization, digital assets, crypto-fiat bridge, fintech, decentralized finance, Bridge Wallet, Bridge Protocol, financial services, digital currency, investment platform, mobile banking, crypto exchange, secure transactions, marketplace model, 100% deposit reserve