Dukascopy Bank
“Can a Swiss FINMA-licensed FX broker reinvent itself as a crypto-friendly, mobile-first multi-currency bank for global retail clients and fintech businesses?”
Founded1998
HQGeneva, Switzerland
IndustryBank / National
The story
Dukascopy started as a Swiss online FX/CFD broker and grew into a fully licensed Swiss bank under FINMA, with regulated subsidiaries in Latvia and Japan. From 2018 onward it positioned itself as a 'crypto-friendly Swiss bank,' adding Bitcoin CFDs, crypto-collateralized lending, its own Dukascoin token, and a mobile-first multi-currency account (Connect 911). The current strategic posture is a hybrid: traditional Swiss banking + investment brokerage + embedded fintech support for other Swiss FinTechs (escrow capital accounts, multi-currency IBANs, FX).
Product timeline
0
Launched Dukascopy Connect 911 mobile banking app and Dukascopy Payments e-wallet.· banking
0
Launched crypto lending product (borrow up to 50% against BTC/ETH collateral).· lending
0
Transitioned intermediary banking for AUD, CAD, CHF, GBP, JPY to Banking Circle.· banking
1998
Dukascopy founded as an online trading / FX technology firm.· pivot
2018
Launched CFDs on Bitcoin and opened accounts for crypto exchanges/brokers.· banking
2019
Issued Dukascoin (DUK+), an ERC-20 token marketed as 'Swiss bank cryptocurrency.'· lending
Regulated entities
3
regulatory licences held by Dukascopy Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
7 layers disclosed in Dukascopy Bank’s embedded-finance stack
Payments / PSP
Dukascopy Payments (self-operated)Dukascopy Connect 911 (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: significant
10 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.