Lykkes’ Open Initiative to Fund Global Supply Chain Solutions endorsed by CfC St. Moritz

Zug, Switzerland. – June 9, 2020 – Lykke Corp, the Swiss fintech company and builder of marketplaces for digital financial assets, today announced the endorsement by the CfC St. Moritz for Lykke’s Open Initiative, a project dedicated to using digital technology to transform the global supply chain and financial system in a post-COVID-19 economy.

The CfC St. Moritz, a renowned investors-only conference on crypto finance and blockchain, convenes private UHNW and institutional investors, family offices and funds, and showcases leading experts in the fintech industry.

“It is an honor to have the CfC St. Moritz endorsing The Open Initiative,” said Lykke CEO and Founder Richard Olsen. “The CfC St. Moritz's team brings together every January the movers, shakers and decision makers of the crypto world, with investors who control significant wealth in St. Moritz. The level of open discourse and collegiality puts the annual event in a league of its own.”

Olsen and J. Christopher (“Chris”) Giancarlo, the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) who acts as Strategic Advisor for The Open Initiative, first met this January at the CfC St. Moritz. The Open Initiative was born from their shared belief in the potential for digital technology to change the world.

“The CfC St. Moritz empowers bold thinking and cultivates an environment where visionary ideas like The Open Initiative can take root,” said Giancarlo. “We are pleased to have the CFC St. Moritz endorsement as it will amplify this call to action.”

“The aim of the CfC St. Moritz  is to bring the brightest minds together to create something truly transformative and change the world of finance as we know it, hence why we have chosen to support The Open Initiative,” said Nicolo Stöhr, CEO of the CfC St. Moritz.

The Open Initiative aims to provide a minimum of CHF 50,000.00 (USD 51,300.00) for selected proposals by individuals, teams and companies that are working to create solutions that address the crisis head on, while offering direct access and support for governments to benefit from these newly developed solutions.

• Digital Vouchers Platform for digitizing government initiatives for Small and Medium Enterprises (SMEs).
• Supply Chain Platform for supporting the efficiency of financial market mechanisms to resolve supply chain problems.
• Real-Time Economic Information System for aggregating and verifying relevant information for economic predictions.
• Research Initiatives for contributing new approaches and ideas to the management of the current pandemic and the development of new solutions.