Revolut's ambitions in Switzerland are advancing at the same moment the company is managing the fallout from a data leak affecting some of its customers. The fintech has applied for a local banking licence and committed CHF 150 million to its Swiss expansion, a move that would give it a regulated foothold in one of Europe's most closely watched financial markets.
The expansion news arrives alongside disclosure of a breach in which names, addresses, identification documents and full transaction histories — including Bitcoin transactions — were exposed. Revolut has said its IT systems and customer funds were not compromised and has described the number of affected customers as very small. A ransom demand reportedly involving 10,000 Bitcoin has circulated but remains unconfirmed.
Bitpanda's Leadership Transition
In Austria, Bitpanda has confirmed a leadership change that will play out over the coming years. Chief executive Lukas Enzersdorfer-Konrad is set to step down in the first quarter of 2027, after which he will move to Erste Group. Co-founder Christian Trummer will take on the role of Co-CEO. The company has also seen a wave of other senior departures, with chief financial officer Jonas Larsen, chief commercial officer Dominik Beier and commercial director Martin Beranek all announcing they are leaving.
Fondsbörse and Gubbi Deepen Digital Asset Ties
Fondsbörse Deutschland Beteiligungsmakler AG, part of BÖAG Börsen AG, which operates the Düsseldorf, Hamburg and Hannover exchanges, is expanding its cooperation with Gubbi AG on digital capital market products. The tie-up centres on the GDX Primary Market operated by Gubbi. Fondsbörse counts more than 700 sales partners.
Tobias Eckl, chief executive of Gubbi AG, said: "Die Kooperation mit der Fondsbörse ist für uns nicht nur ein wichtiger Schritt, um die Reichweite des GDX Primary Market deutlich zu erhöhen. Wir erzielen dadurch auch eine deutlich verbesserte Handelbarkeit unserer Digitalen Assets via Zweitmarkt. Entscheidend ist aus unserer Sicht, dass Finanzberater und Anleger eine qualitätsgesicherten und professionellen Zugang zu diesen Produkten erhalten."
BX Digital Rebrands, Nu Partners with Sygnum
Switzerland's BX Digital is rebranding as SeturionX, positioning its DLT trading system for tokenised assets within the broader Seturion pan-European settlement platform standard. Seturion chief executive Lidia Kurt said: "Unsere bisherige Mission als reguliertes Handelssystem für tokenisierte Assets in der Schweiz bleibt unverändert, aber der Rahmen wird grösser." Lucas Bruggeman, chairman of the board of Seturion AG, added: "Mit dem Namen SeturionX wird sichtbar, dass das Schweizer DLT-Handelssystem Teil unseres paneuropäischen Infrastrukturansatzes ist und mit dessen weiterer Entwicklung mitwachsen kann."
Elsewhere, Latin American digital bank Nu, which serves more than 140 million customers across Brazil, Mexico and Colombia, is partnering with Zurich-based Sygnum to expand its crypto offering under a new product called Nu Global. Customer funds will be secured by a Sygnum bank guarantee under the Swiss regulatory framework. Thomaz Fortes, managing director of Nu Global AG, said: "Wir sind stolz darauf, mit Sygnum zusammenzuarbeiten und so das internationale Angebot von Nu auszubauen."
Separately, Germany's financial supervisor BaFin has warned against several websites offering unauthorised financial and crypto services, naming titanfx.ai, xlla.tech, arbitpad.de and berlinbank.eu.
