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CEO Updates

The vision of LCX: Monty’s company update

It's all about the newfound

LCX exists in between the fast-paced blockchain industry landscape and the slow and traditional banking and finance industry. As a company, we do our best to balance both worlds while moving forward building the future of a new financial world. On the one side working with the incumbents institutions, central bankers, regulators and policy makers – on the other side collaborating, innovating and building the new grounds for a industry which is still at its early beginnings.

So we will never get back to the old school. (…) We are the newborn. (…) And we’re here to stay” – quoting Avicii.

With the added complexities, competition and unkown challenges that operating in a new sector like blockchain and cryptocurrency brings, re-prioritization and change is inevitable. We know that in the financial industry there will be more change in the upcoming 10 years, than there had been in the past 50 years. We think long-term and we continue pushing onward and upward on a daily basis.

Today, we publish the vision of LCX. From the initial napkin strategy to a global growth company. 

But even more exciting, we are finally launching LCX Terminal  our sophisticated trading desk for  unified crypto asset portfolio management across all major platforms.

“Press play Fast forward
We have a beaten path before us
It was all there, in plain sight
Come on people, we have all seen the signs
So we will never get back to
To the old school
To the old grounds
It’s all about the newfound
We are the newborn
The world know all about us
We are the future
And we’re here to stay”
– Avicii

LCX is building a financial ecosystem for crypto and fiat alike to become the new category leader in blockchain banking.

LCX is planning to create a new category of bank:

  • secure while introducing new standards for transparency and reporting
  • technology driven while delivering a customer centric client experience
  • focusing on crypto assets while offering the full set of traditional banking services

LCX wants to enable seamless movement of assets between the crypto and traditional financial markets. LCX will be offering industry leading crypto asset financial products and services. Becoming a technology driven bank, LCX is focused on helping both traditional and crypto market participants make the most out of opportunities arising from the growth of crypto currencies and tokenized assets.
Let me highlight a few things:

  • Headquartered in Vaduz, Principality of Liechtenstein – one of the best jurisdictions for blockchain companies globally.
  • We are a tech company at our core – so we have been hiring and expanding our development team, working on LCX’s key products in stealth-mode, starting with the public launch of LCX Terminal today.
  • We has received a business trading license in November 2018.
  • We have increased the nominal sharecapital of LCX AG from 100’000 CHF to 1’000’000 CHF in the process of further licensing – preparing to apply for a full-banking license.
  • We have restructured and improved the company structure and will be announcing additional high-profile board members and management executives in this process.
  • We have announced our initial advsiors and hosted three LCX Blockchain Sessions with CZ (CEO and Founder of Binance), Prof. Dr. Shoucheng Zhang (Stanford Professor and Chairman DHVC) and Don Tapscott (Though Leader and Author “The Blockchain Revolution”).
  • We are implementing highest standards of governance, from regulatory topics like risk management and compliance to dynamic startup culture elements like daily standups, agile development and transparent communication. 
  • We are working with other industry leaders and institutions to collaborate on products, define new standards and engage in a dialog on the future of our monetary system. Our partnership are essential for LCX and will be announcing additional strategic partners over time.

LCX will foster the adoption of crypto by helping financial institutions and professional investors understand the potential blockchain holds to ignite global economic reform and financial inclusion.

LCX’s Philosophy

While LCX stands for Liechtenstein Cryptoassets Exchange, LCX will be more than a crypto exchange and LCX will be more than a traditional bank. LCX is building a new category leader in banking fostering a holistic view on fiat, crypto and traditional assets. Our ambition is to build something sustainable – not only be able show short-term successes, but also to deliver on a long-term strategy – creating strategies and visions for next 5, 10 and 50 years. 

LCX is a technology company at heart and has committed to the following principles:

  • Security. Implementing the highest security standards, processes and technologies to secure LCX’s infrastructure.

  • Transparency. Setting new standards in regulatory infrastructure, financial monitoring, reporting, anti-money-laundry (AML) and know-your-customer (KYC) solutions.

  • Value. Creating value for our customers by focusing on their needs while creating value within the new financial industry as a whole.

LCX’s company culture and company values reflect the need for a customer centric approach, the ability to adapt to market or technology changes quickly and the ambition to build something outstanding.

  • Customer Focus. First.

  • Learn. Be Curious.

  • Reflect. Deliver Results.

  • Simplify. Take Action.

  • F*ck Average. Be Legendary.

“We have a beaten path before us” and we look forward to welcome you as part of our ecosystem.

Let’s get it started,

Written by Monty C. M. Metzger,
Founder and Executive Chairman of LCX.

Disclaimer: This content contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions we express in these forward-looking statements and in other public filings and press releases. We may not achieve all of the expected benefits of our strategic initiatives and partnerships. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other market challenges, could limit our ability to achieve some or all of the expected benefits of these initiatives. This content is not financial advice and should not form the basis of any financial investment decisions nor be seen as a recommendation to buy or sell any good or product. Trading cryptocurrency is complex and comes with a high risk of losing money, particularly if you trade on leverage. You should carefully consider whether trading cryptocurrencies is right for you and take the time to learn how trading works and decide how much money you are prepared to lose.

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