GlobeNewswire by notified

X8 AG Submits a Swiss Fintech Licence Application


X8 AG submitted the application for a Swiss FinTech license according to Art. 1b Banking Act with the intention of operating a regulated global stablecoin system

BAAR, Switzerland, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The X8 AG team has successfully submitted the application to FINMA, the Swiss Financial Market Supervisory Authority, for the Swiss FinTech license according to Article 1b Banking Act. This marks an important step for X8 AG on its way to become a fully regulated global stablecoin system and significantly differentiating itself from the current non-regulated crypto space.

Switzerland offers one of the most advanced regulatory frameworks for digital assets. X8 AG believes that designing its stablecoin system under Swiss law is the best starting point to achieve a global X8 cross-border framework for payments. Full compliance with the Swiss regulatory framework strengthens the high standards of protection for clients.

  • X8 AG aims to empower users and their money with frictionless, secure, and reliable financial solutions, facilitating identical and simultaneous use of stablecoins inside both the traditional and digital payment spaces.
  • Once the FinTech license will be granted, X8 AG plans to issue three different stablecoins denominated in single fiat currencies and backed 1:1 by either CHF, EUR, or USD (each a Single Denominated Stablecoin, X8 SDSC). Later, X8 AG aims to scale up and add additional X8 SDSCs in other currencies (JPY, GBP, CAD, AUD, and NZD).
  • In addition, X8 also plans to issue a global stablecoin backed by a basket of the X8 SDSCs denominated in all eight currencies (the X8C GSC). However, the final structure and functionalities of the X8C GSC are not yet defined.
  • X8 SDSCs are intended to be used as means of payment. The holders of X8 SDSC have a fixed redemption claim against X8 AG equaling the fiat backing of the X8 SDSC.
  • To achieve fully compliant and regulated payments across the broader TradFi, CeFi, and DeFi landscape, X8 AG plans to integrate smart features directly into the overall payment solution. Smart features shall include a blockchain digital identity, KYC, AML & cross-border checks, wallets, APIs, and multichain functionalities.
  • Smart features shall guarantee the eligibility of the sender and receiver of the service at all times and protect against non-compliant transfers, even when executing cross-border payments.

X8 AG’s CEO Roland Wulz said, "We are very pleased with what X8 AG is building, as the world needs a reliable, fully regulated, and compliant instrument with which to connect both traditional and new digital systems. X8 AG is operating in compliance with AML regulations and KYC provisions and is affiliated to a self-regulatory organization. In addition, X8 AG will accomplish and exceed other benchmarks, including capital reserves, client protection, and compliance. Achieving these milestones has paved the way for this week's FinTech license application. X8 AG intends to lead the FinTech industry with top-tier Swiss safety and reliability, helping to grow the world's new financial infrastructure from Switzerland to the global stage.”

About X8 AG:

X8 AG is a Swiss-based FinTech company owned by X8 Group Inc. Building on the successful ICO of the X8X utility token in 2018, the company progressed with the development of the world’s first stablecoin system backed by eight currencies. Through its regulatory-compliant structure, X8 AG's goal is to become the global stablecoin most suited for international payments by both institutional and retail clients. Based on its development of proprietary tools and platforms using global tech megatrends such as AI and blockchain to create stability in value for financial market players, X8 AG focuses on three main areas which are: professional portfolio risk management, stablecoins, and smart FinTech solutions.

X8 AG is driven by a focus to bring compatibility between the traditional and the new decentralized financial landscape. The foundation of the company is to operate in a regulatory-compliant way.


X8 AG information contact:

Media Relations: Triona Mc Hale, Partner, Ignite Communication


All statements regarding the expected future financial position, results of operations, cash flows, financing plans, business strategy, products, and services, competitive positions, growth opportunities, plans, and objectives of management for future operations of X8 AG and X8 Group Inc., including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond the control of X8 AG and X8 Group Inc., which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. X8 AG and X8 Group Inc. are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. Although all reasonable effort has been made to ensure the facts stated herein are accurate and that the opinions contained herein are fair and reasonable, this press release is selective in nature and is intended to provide an overview of the business of X8 AG and X8 Group Inc. Neither X8 AG and X8 Group Inc. nor any of its directors, officers, employees, or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this press release. Neither X8 AG and X8 Group Inc. nor any of its directors, officers, employees, and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this press release.

To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Storaktionærmeddelelse25.3.2023 14:30:37 CET | pressemeddelelse

Årets meddelelse nr. 20 Dato: 25. marts 2023 Storaktionærmeddelelse Det skal herved meddeles, at Pharma Equity Group A/S har modtaget meddelelse om at NK Invest ApS ejerandel, både direkte og indirekte via dennes ejerskab af Selskabet af 25. marts DK ApS og Selskabet af 25. marts II ApS, efter kapitalforhøjelse offentliggjort under selskabsmeddelelse nr. 16 af 24. marts 2023, udgør mindre end 5 % af den udstedte aktiekapital i Pharma Equity Group A/S. Alle henvendelser vedrørende ovenstående bedes venligst rettet til direktør Peter Ole Jensen på e-mail: Med venlig hilsen Pharma Equity Group A/S På bestyrelsens vegne

FCB Tops 2023 WARC Rankings for Creative Effectiveness24.3.2023 21:41:59 CET | Press release

FCB awarded #1 Creative Agency & #1 Campaign for Effectiveness in WARC Effective 100 NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) -- FCB was a top performer in the 2023 WARC Rankings, earning recognition as the #1 Creative Agency for Effectiveness in the WARC Effective 100, among other distinctions. Numerous FCB campaigns were honored as well, including Michelob ULTRA’s “Contract for Change,” which ranked as the #1 Campaign for Effectiveness. “Creative is the business and the business is creative. To separate the two does a disservice to the industry. We will continue to partner with our clients to create work that is both effective in the moment and impactful long term. FCB is honored that this Timely and Timeless approach to work is being recognized by WARC,” said Susan Credle, FCB Global Chair & Global CCO. In the Effective 100, FCB New York was named the #1 Creative Agency for Effectiveness, joined by two additional FCB agencies, with FCB Chicago ranking #4 and FCB Toronto ranking #7,

Ordinary and Extraordinary General Meeting of April 12, 202324.3.2023 21:30:00 CET | Press release

Montrouge, France, March 24, 2023 Ordinary and Extraordinary General Meeting of April 12, 2023 Procedures for Obtaining Information and Preparatory Documents for the General Meeting DBV Technologies (Euronext: DBV – ISIN: FR0010417345 – Nasdaq Stock Market: DBVT), a clinical-stage biopharmaceutical company, will hold its Ordinary and Extraordinary General Meeting (the “General Meeting”) on April 12, 2023, at 10:00 a.m. CET at the Company’s headquarters located at 177-181 Avenue Pierre Brossolette – 92120 Montrouge, France. The preliminary notice (avis de réunion) containing the detailed agenda, draft resolutions as well as instructions to participate and vote for this General Meeting was published in the French “Bulletin des AnnoncesLégalesObligatoires (BALO)” dated March 8, 2023 (No. 2300429). The meeting notice (avis de convocation) was published in the French “Bulletin des AnnoncesLégalesObligatoires (BALO)” dated March 24, 2023 (No. 2300600) and in the legal newspaper Affiches pari

TGS: Approval of 2022 Financial Result24.3.2023 20:03:58 CET | Press release

Oslo, Norway (24 March 2023) – The Board of Directors of TGS ASA has today approved the financial statements for 2022. The financial statements were prepared in accordance with IFRS. Please see the attachment for a summary of changes from the preliminary annual accounts announced on 9 February 2023. About TGS TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. For more information, visit ( or contact: Sven Børre Larsen CFO Tel: +47 90 94 36 73 E-mail: Attachment TGS Annual Accounts 2022 update

Nokia Corporation: Repurchase of own shares on 24.03.202324.3.2023 20:00:00 CET | Press release

Nokia Corporation Stock Exchange Release 24 March 2023 at 21:00 EET Nokia Corporation: Repurchase of own shares on 24.03.2023 Espoo, Finland – On 24 March 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code)Number of sharesWeighted average price / share, EUR*XHEL306,0764.31CEUX7,3924.31AQEU2,6084.31TQEX6,3244.32Total322,4004.31 * Rounded to two decimals On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023 and