“Switzerland is an important market for Blockstream given its longstanding banking tradition and supportive regulatory framework for digital assets,” said Peter Bain, chief marketing officer of the company. “We look to provide regional expertise in markets where we see demand for Bitcoin infrastructure. Our consulting business, combined with our new office in Lugano, will bring tailored Bitcoin solutions to financial institutions across Europe.”
Founded in 2014, Blockstream develops technology and services across Bitcoin custody, settlement, payments, asset issuance and self-custody. Its products include the Liquid Network sidechain, Elements, Simplicity, Core Lightning, the Jade hardware wallet and the Blockstream App. This year, the company launched Simplicity smart contracts on Liquid and added Lightning support to Jade.
Bitcoin adoption by financial institutions
The company said the consulting business draws on that experience, with capabilities in cryptography, protocol engineering, security and financial technology. Multidisciplinary teams will give institutions access to the firm’s technical staff from initial evaluation through deployment.
“The next phase of Bitcoin adoption is its integration into existing financial systems,” said Adam Back, Blockstream’s co-founder and CEO. “Our extensive experience in Bitcoin cryptography, protocol development and engineering gives Blockstream the technical expertise to address the complexities of integrating Bitcoin into traditional financial infrastructure.”
The company framed the move as part of a long-term commitment to Switzerland and a broader strategy of building a presence in key markets to support institutional Bitcoin adoption.
The country has become a center for digital asset firms, with Zug’s “Crypto Valley” and a regulatory framework that permits banks to hold and trade bitcoin on behalf of clients.
There was no pricing disclosed, headcount for the Lugano office or named clients for the consulting business. The company said the Lugano office is open and that consulting engagements are available to institutions across Europe.
This post Blockstream Launches Institutional Consulting Services, Opens Lugano Office first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
