# Union Bank AG First Bank to issue its own security tokens

- Link: https://www.directorstalkinterviews.com/union-bank-ag-first-bank-issue-security-tokens/412756915
- Published: 2018-08-20T06:27:14+01:00
- Author: Giles Arbor

**Union Bank AG** to be the first fully regulated bank ever to issue its own security
tokens, closely followed by a fiat-backed Union Bank payment coin

Liechtenstein’s Union Bank AG announces a transformative Crypto Currency and Blockchain
initiative: the fully licensed bank in Liechtenstein will be the first bank ever
to issue its own security tokens, closely followed by a fiat-backed Union Bank payment
coin.

Liechtenstein’s Union Bank AG (www.unionbankag.com) has announced that it will be
the world’s first fully licensed and regulated bank to issue its own security tokens
in alignment with Liechtenstein’s regulatory authority FMA and, subsequently, its
Union Bank Payment Coin. The Union Bank Payment Coin will be a stable coin that 
is fully backed by a fiat currency – e.g. the Swiss Franc.

Union Bank AG is a fully licensed and regulated bank based in Liechtenstein, a Principality
located in the middle of Europe, bordered by Switzerland and Austria, and participating
country in the European Economic Area. Union Bank AG is primarily offering corporate
banking services to companies in Germany, Switzerland and Austria and the Middle
East. Operating in the blockchain-friendly environment of Liechtenstein, Union Bank
AG already supports ICOs and clients by partnering with crypto-brokers and crypto-
advisors to facilitate efficient and transparent conversions between crypto and 
fiat currencies.

Being deeply immersed in the international trade of goods and services as well as
the support of crypto and blockchain companies, Union Bank AG is in a unique position
to develop and implement cutting-edge solutions that will greatly benefit its main
customer segments.

Through the plans announced, the bank will extend and improve its existing services
and offerings. It will be taking the first steps to position itself as a full-service
blockchain investment bank, eventually adopting the blockchain fully throughout 
its processes and supporting technology. Union Bank AG will be working with Verum
Capital AG on this initiative, a leading blockchain boutique based out of Switzerland.

In the future, Union Bank AG will be a one-stop crypto and blockchain solution provider
which embraces and integrates the new world of blockchain technology and crypto 
assets and the best practices of traditional banking.

> **Chairman of the Board of Directors M.H. Dastmaltchi said:** “Our goal is to 
> become the world’s first blockchain investment bank and to provide tangible solutions
> which help drive efficiencies, reduce cost base and open up new revenue opportunities
> for our customers and intermediaries alike. As a fully licensed and regulated 
> bank we are in a privileged position to combine all the advantages of traditional
> banking with the possibilities inherent in the blockchain technology. As such,
> our fiat-backed Union Bank Payment Coin has the potential to disrupt the approach
> to international trade and international cross-border transactions. With our initiative
> we are investing in the future and becoming the world’s preeminent blockchain 
> investment bank.”

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