Bridging the gap between traditional finance and blockchain.
Lykke’s mission is to build a new ecosystem for the outdated finance industry by leveraging the power of the blockchain. Since its inception the company has been committed to upgrade finance and support the industry in reinventing itself, with a systemic approach across both B2C and B2B markets. Through its marketplace, Lykke offers unique financial products and empowers both retail customers and financial institutions to invest with no intermediaries, low cost and ease of use.
Lykke is a pioneer in the finance space and has several years of international operational experience with a sophisticated financial engineering team, scalable blockchain agnostic infrastructure and in-depth know-how in the tokenization of assets of all types. To support its vision, Lykke built the first front-to-back investment and trading infrastructure built from the ground up for tokenized financial products and native blockchain assets.
A word from our founder and CEO, Richard Olsen
Even since the beginning of my 25-year career in finance, I have felt that the entire financial system needed to be changed. Finance is such a critical part of all social, economic and political life. However, so far the system has only increased inequalities, preserved inefficiencies and fostered differences across societies. Today, more than ever, people feel locked out of, and let down by the financial system. That is about to change. Tokenisation will be the arteries of this new system, allowing every organ of society to access the vital resources that nourish the system, powered by the heart. Tokenisation will democratize finance, granting access to new market participants, introducing new financial products.
The Value of Bitcoin
Unless you took the self-isolation to the extreme and you ended up practicing social media abstinence, you are assumedly aware of some of the recent events that allegedly led Bitcoin to the all-time highs we are all currently enjoying. So take a big breath while we break down the recent events of the crypto world and what they mean.
FCA - New Regulations Explained
The FCA created a Temporary Registration Regime to concede existing crypto-asset firms, which have applied to be registered with the FCA, to continue trading. It is important to note that this Temporary Registration Regime is only available to existing crypto-asset firms which have applied for registration before December 15th, 2020. New firms will need to obtain full registration with the FCA before conducting business.
What is a crypto-fiat gateway?
A fiat gateway is a combination of words that you will frequently hear if you decide to enter the cryptocurrency world and buy Bitcoin or other cryptocurrencies in a crypto app. To understand its meaning and function, you have to understand what fiat means. Fiat means simply conventional money, it refers to national currencies the government’s issue not backed by any commodity. It derives from the Latin word fiat (from “facere” - make/do, present passive subjunctive “let it be done”) and we can assume that it implies a deal - let it be done!
What is a Coin Burn?
As new tokens are mined and enter circulation every day, cryptocurrencies need to ensure that the market is not oversaturated with supply. After all, prices in the digital currency market are almost entirely dictated by the economic principle of supply and demand.
Reflection on the Journey
September 26th was a very significant day for us since we celebrated our 5th anniversary. With having some time to reflect on what has been done in our journey, we are more than grateful to all our customers, community members, investors, stakeholders, and friends who despite the ups and downs from the bumpy road, remain true to our dream.