About Mt Pelerin
At Mt Pelerin, they want to create a blockchain-based tokenization platform that would bring the entire bank’s* balance sheet on chain.
Mt Pelerin The envisioned tokenized banking ecosystem would bring unprecedented service quality, cost competitiveness and investment opportunities to individuals and businesses alike
Mt Pelerin would also be the long-awaited bridge between traditional and crypto assets, boosting the platform’s global attractiveness. Here are the three main pillars on which our plan is built:
100% Deposit Reserve
Money deposited on current accounts will be fully kept in reserve as high quality liquid assets. Unlike other banks, we will not reinvest our customers’ deposits in risky assets for own profit.
Mt Pelerin plan is to provide services through marketplaces, where customers and third party providers would connect and freely offer or request services at the conditions they choose.
Tokenized by Design
Mt Pelerin ambition is to tokenize assets and liabilities, creating an ecosystem where smart contracts can be applied. They want to bring an unprecedented liquidity to the trade of financial instruments.
Tokenization of the Bank
The core principle at the heart of our project is the blockchain-based tokenization of the entire bank’s balance sheet. Unlike other crypto-banking projects that merely offer to deal with cryptocurrencies as banks, Mt Pelerin proposes a paradigm shift with a comprehensive banking system on blockchain.
Mt Pelerin ambition here is to bring a viable solution that leverages the benefits of the blockchain to deal with the ownership and transfer of real-world assets. More specifically, we want to systematize the tokenization of any asset or liability and make them available to all as highly liquid and easily tradable vehicles.
The core feature of Mt Pelerin that tokenization concept would make possible is a marketplace system that will be available to customers.
Directly integrated into an e-banking, this system would aggregate the products and services from multiple providers, providing an exceptional level of choice.
Beyond accessing a large panel of offers, our marketplaces would also connect customers between them and let them offer and request deals in virtually unlimited ways.
Currency Spot Exchange
The first marketplace they want to implement is a currency exchange offering spreads 10 to 20 times cheaper than traditional banks.
On it, customers would be able to easily exchange 30 fiat currencies plus Bitcoins and Ethers (subject to relevant regulatory authorizations).
Built with a liquidity bot whose purpose is to act as a market maker, it executes transaction back-to-back with fiat and crypto brokers.
Futures & Derivatives
Just like on spot exchange market, we intend to connect market makers and liquidity providers on a future and derivative marketplace.
To do so, they want to take the famous BitMEX platform as an inspiration and make a Swiss-regulated version of it for the crypto part.
Borrowing money has always been a hassle for people and businesses due to costly interest rates, stringent terms & conditions, and very few choice alternatives. Lending money and earning interests is an even more complicated story for anyone who isn’t a finance professional.
Powered by Smart Contracts
Automated contractual relationships that can be sold and transferred.
Third Party Loan Providers
Back-to-back market making with loan providers (ex: UBS, BNP Paribas, etc.) and platforms (ex: Lending Club) able to provide their products on our loan marketplace via API calls.
Loans could be collateralized on our platform, including with cryptocurrencies.
Mt Pelerin Tokenized Funds
They plan to create in the future investment funds dedicated to grow our loan market and provide opportunities tailored for our community in separate regulated entities.
Another marketplace they envision is to offer savings products, such as interest paying savings accounts but also other types of products like the Swiss third pillar retirement plan system, and more.
Those savings products would generate yield by being placed with third party funds specialized in this kind of investments. Just like with the loan market, they also plan to introduce in the future own fund dedicated to invest in savings products to grow this market and its community.
Arnaud Salomon Founder & CEO
Cyril Lapinte CTO
Eric Berling CFO
Jingyao Jin COO
Reynald Besson VP Legal and Compliance
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