Finance

News

Since 2015, the Swiss Fintech Awards bring promising start-ups into the limelight. For the sixth time two companies and a supporter were awarded in three categories.

The «Early Stage Start-up of the Year» category is for start-ups which are currently working on a first demo, prototype or which are about to go-to-market with the first product or service. This year [FQX](https://fqx.ch/) wins the category «Early Stage Start-up of the Year».

The start-up digitizes globally used but still paper-based promissory notes and brings them onto the blockchain as so-called eNotes. This digitization step allows eNotes to be sold and transferred much more flexibly, so that the flow of liquidity can be better scaled globally. The enforcement regime applicable to eNotes is recognized in over 165 countries. FQX is the first market-ready solution for eNotes and at the epicentre of a pivotal and exponentially growing market. In June the start-up raised $4.7 million from SIX Fintech Ventures and Earlybird.

Start-ups which have a successful product on the market, a working business model and have clear signs of significant growth are judged in the «Growth Stage Start-up of the Year» category. [Yokoy](https://yokoy.io/) is the winner of 2021 in this category. Yokoy offers a complete solution for corporate expenses. By using artificial intelligence, the tedious management and processing of expenses, credit card or supplier invoices is automated and anomalies can be easily detected and reviewed. As a result, significant efficiency gains are achieved for medium and large companies.

The «Fintech Influencer of the Year» category was created for individuals or organisations who have positively shaped or influenced the Swiss fintech scene. [Cornelia Stengel](https://www.kellerhalscarrard.ch/en/people/cornelia-stengel.php), lawyer and co-director of the Swiss FinTech Innovations association, is named “Fintech Influencer of the Year” for her manifold efforts and contributions.

The award ceremony at the Swiss FinTech Awards Night on July 6, 2021, with around 130 invited guests, was preceded by an extensive selection process. All start-ups were subject to a multi-tiered application process whereas the winner of the Influencer category was nominated directly by the jury. From the approximately 70 accepted written applications, the jury of 20 designated fintech experts selected the ten best fintech companies into the top 10 round. In this round, all ten fintech companies went through the fintech bootcamp, organized by knowledge partner Accenture. In addition, the top 10 fintech companies presented themselves at a “speed dating session” to the assembled jury members and members of the awards’ supporters club.



The Swiss Fintech Awards have established themselves as an important annual award for start-ups from the highly dynamic vertical. This year, two start-ups came out on top, which significantly simplify tedious and complex processes through digitisation.

small_fqx-team-2.jpeg

thumbnail_fqx-team-2.jpeg

fqx-team-2.jpeg

FQX AG wins the Swiss FinTech Award 2021

Internal

Instimatch Global (‘Instimatch’), the international digital marketplace for institutional money market borrowing and lending, is partnering with Swiss Fintech FQX to augment its core offering by introducing eNotesTM, disruptive short-term financing, and payment tool.

Instimatch currently offers trading of unsecured cash deposits within a large network of banks, corporates, asset managers, insurance companies, public sector counterparties, and others. Leveraging FQX’s technology will enable Instimatch to offer the use of eNotesTM, a form of electronic promissory notes verified and secured by Swisscom and SwissPost on the banking-grade blockchain, Swiss Trust Chain. An eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date or at a specified time after sight. The eNotesTM can be flexibly sold and transferred to third parties (i.e., an investor).

Hugh Macmillen, Founder of Instimatch Global, said “Our partnership with FQX enables us to empower banks to digitize their certificate of deposit programs using FQX’s eNotesTM, a revolutionary money market solution. Institutional Investors trading these electronic certificates of deposit (eCDs) would experience fully digitized deposit transactions, digitally signed and immutably stored on the Swisscom Blockchain infrastructure. The enforcement regime applicable to eNotesTM is recognized in over 165 countries”.

Stephan D. Meyer Co-CEO of FQX said “The partnership between Instimatch Global and FQX forms the perfect synergy by combining Instimatch Global’s client network and superb digital-only user experience with the strengths of the blockchain-based, easily enforceable, and tradeable eNoteTM. This significantly improves the way money market transactions are done”. 

## About FQX
FQX is the first market-ready solution for eNotesTM built on a banking-grade Blockchain (Swiss Trust Chain) with a unique, patent-pending authentication mechanism (based on regulated and qualified electronic signatures provided by Swisscom). When compared to other financing options, eNotesTM as negotiable instruments outperform through their financial steering capabilities and transferability. eNotesTM is based on the globally proven, formerly paper-based “promissory notes”.

## About Instimatch Global
Instimatch Global is an award-winning digital Platform for trading cash deposits across multiple geographies, sectors, and currencies, offering unparalleled market depth.

The digital network enables a global community of institutional borrowers and lenders, including banks, corporations, pension funds, asset managers, family offices, insurance companies, municipalities, etc., to directly engage with each other and execute on their liquidity needs – all within our convenient and easy to use Platform. Besides trading, users can also leverage the network to make valuable trading connections, diversifying their lending portfolios and sources of liquidity.

Instimatch operates out of Zurich, Edinburgh, and Doha, and currently has over 170 institutional clients across 22 jurisdictions.

&nbsp;  
**For further information please contact FQX at [info@fqx.ch](mailto:info@fqx.ch) or Instimatch Global at [info@instimatch.com](mailto:info@instimatch.com)**

&nbsp;  
**Zurich, Switzerland – June 23rd, 2021**

Instimatch Global (‘Instimatch’), the international digital marketplace for institutional money market borrowing and lending, is partnering with Swiss Fintech FQX to augment its core offering by introducing eNotesTM, disruptive short-term financing, and payment tool.

thumbnail_instimatch.png

instimatch.png

Instimatch Global Partners With FQX To Deliver eNotes™ To Its Institutional Client Base

- FQX AG receives $4.7M in a seed funding round led by Earlybird Venture Capital
- SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma co-invested in the round
- FQX is the first market-ready solution for eNotesTM which have the potential to radically facilitate trade finance & money markets

## Zurich, Switzerland – June 1, 2021
Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.

FQX is radically facilitating trade finance & money markets by using eNotesTM, a disruptive short-term financing & payment instrument. In essence, an eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date. The eNoteTM is based on Blockchain technology and can be flexibly sold and transferred to any third party (i.e. an investor). When compared to other financing options, eNotesTM as negotiable instruments outperform through their financial steering capabilities and global transferability.

eNotesTM are based on the globally proven, formerly paper-based “promissory

notes”. The enforcement regime applicable to eNotesTM is recognized in over 165 countries. FQX is the first market-ready solution for eNotesTM built on a banking-grade Blockchain (Swiss Trust Chain) with a unique, patent-pending authentication mechanism (based on regulated and qualified electronic signatures provided by Swisscom). The eNoteTM infrastructure can be integrated into financing platforms of banks and Fintechs, allowing their customers to benefit from the entire eNoteTM lifecycle from issuance to settlement.

Just two years ago, eNotesTM were not on the agenda of most finance players. Since then, leading nations such as Singapore, the UK, the US, and the UAE (supported by UNCITRAL, ICC, BAFT and ITFA), have made a Blockchain-based solution for trade finance and money markets a top priority, enacting or initiating legislations that are supposed to govern electronic promissory notes. FQX, with its live and running

eNoteTM infrastructure, is the leading tech company at the epicentre of a pivotal and exponentially growing market.

Frank Wendt, FQX’s Chairman & Co-Founder comments: “As a team, we’re immensely proud to have built an eNoteTM technology infrastructure we envisaged two years ago that is now uniquely positioned to transform trade finance and money markets. This funding enables us to scale our transaction volume over the years to come.”

Oswald Kuyler, Head of the Digital Standards Initiative at ICC commented:
“Closing the trade finance gap and enabling SMEs is a top priority of the ICC. Electronic promissory notes as offered by the FQX eNoteTM infrastructure is a fantastic example of how new business models and technology can bridge the trade finance gap.”

Dr. Christian Nagel, Co-Founder and Partner of Earlybird adds:
“Short-term financing markets are widely fragmented and inefficient today, with $65tn+ in annual transaction volumes globally. The eNote by FQX is a truly disruptive instrument to untap liquidity in those markets. As a first-mover, FQX has the potential to become the leading tech infrastructure and set the de-facto standard for eNotes globally. We are very excited to join their journey early on.”

## About the FQX team:
In 2019, FQX was founded by Frank Wendt, Benedikt Schuppli, Dr. des. Stephan D. Meyer & Dr. Philipp von Randow. The team uniquely blends multiple strengths: Frank brings expertise in supply chain finance, after grappling with flaws seen in the fragmented solutions of a US-based supply chain finance unicorn. He recognised that if the old instrument of the promissory note could overcome written form requirements, it would be the perfect financing & payment instrument. Benedikt complemented the analyses with profound startup know-how, crypto and legaltech sector experience, plus a focus on computing languages for contracts. Stephan with his PhD in tokenization of assets defined the components of the unique eNoteTM infrastructure; he is a university lecturer on Blockchain & law and has worked for a top-tier Swiss fintech law firm – structuring global DLT projects that translated legal requirements to technical solutions. Philipp, a renowned financing lawyer and co-founder of Latham & Watkins’ Frankfurt and Middle East offices, completes the group. He designed a sophisticated, scalable legal basis that ensures FQX’s legal framework is reliable and secure.

FQX is also a member of BAFT, the Bankers Association for Finance and Trade as well as ITFA, The International Trade and Forfaiting Association.

FQX is supported by global law firms McDermott Will & Emery, with a team led by Partner Aymen Mahmoud, and Goodwin Procter, with a team led by Partner Gregor Klenk.

## About Earlybird:
Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets. Earlybird manages different funds with focuses on digital technologies in Eastern and Western Europe as well as health technologies. With EUR 1.5 billion under management, eight IPOs and 30 trade sales, Earlybird is one of the most successful venture capital firms in Europe.

For further information: [www.earlybird.com](www.earlybird.com)

## About SIX Fintech Ventures:
SIX FinTech Ventures is the CHF 50 Million non-strategic corporate venture capital arm of SIX, that invests in global early stage startups. Our aim is to provide the Swiss and Spanish Financial Center with cutting edge technologies, business models, and solutions that meet customer expectations. We are the trusted partner for start-ups looking to grow and establish in the financial industry.

For further information: [https://www.six-group.com/en/company/innovation/start-ups.html](https://www.six-group.com/en/company/innovation/start-ups.html)

## Media Enquiries:
Flavia Lombardo flavia@fqx.ch

## Business contact:
Benedikt Schuppli benedikt@fqx.ch

Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.

small_fqx-team.jpeg

thumbnail_fqx-team.jpeg

fqx-team.jpeg

Fintech FQX secures $4.7M in seed funding led by Earlybird Venture Capital

## Overview

FQX offers a platform that enables the issuing and receiving of electronic negotiable instruments (eNI), secured through modern blockchain technology. The application areas are in money markets and trade, sales and supply chain finance. FQX’s domain of activity is both the financial and legal technology space with initial primary focus on eNotes – electronic promissory notes – namely unconditional promises to pay.
FQX provides an infrastructure on which corporates, banks and investors can issue and receive e-Notes in real-time, resulting in improved liquidity and risk protection for both trading partners. eNotes have been cited as a ‘gamechanger’ for trade finance by BAFT, ITFA and the ICC.
FQX has built a live platform where MNCs, commodity traders, banks and other investors can run accounts that allow them to digitally issue, sign and transfer eNotes. The FQX eNote infrastructure is based on the banking-grade Swiss Trust Chain, exclusively using Tier 4 server centres.
All FQX eNotes are signed and transferred by using Qualified Electronic Signatures (QES) from Swisscom Trust Services. FQX has a patent pending on this combination of banking grade Distributed Ledger Technology (DLT), corporate authentication mechanisms and QES. DLT used is based on IBM’s Hyperledger Fabric standard and other technologies. FQX has already accomplished an eNote transaction for more than $1m in 2020.

## Elevator pitch
“Combining highly proven instruments with the most recent legislation and technology, FQX allows the standardised and globally scalable transfer of unconditional promises to pay. FQX applies the best legal, finance and technology expertise to the field of electronic negotiable instruments as the promissory note. The FQX eNI (electronic Negotiable Instruments) platform allows businesses to control their liquidity by issuing, transferring and closing eNotes for financing and investing purposes. The enforceability in 164 countries allows the use on a global scale. FQX is a partner of Swisscom for the use of Qualified Electronic Signatures. All eNI are stored on the Consensus-as-a-Service banking infrastructure of Swisscom and Swiss Post.”

## Verdict
A unique and innovative combination of financial and legal technologies that has the potential to make a huge difference in the trade space.

TMI – Treasury Management International’s view: “FQX AG has done a huge amount of ground work that should give platform users real confidence. With ICC support it could well prove to be the game changer this paper-bound industry needs”.

small_tmi.png

thumbnail_tmi.png

tmi.png

FQX is the new entry on the TMI – Treasury Management International Innovation Lab!

**Zurich 11th February 2021.** FQX announces today that eNote™ is being launched internationally following a series of successful pilot transactions using eNote™ including a digital asset bank as well as the leading digital trading platform for metals and ferroalloys, Metalshub, supported by FQX’s technology partners Swisscom and Swiss Post. As of today, FQX has onboarded more than 20 entities from various jurisdictions, including financial institutions and multinational corporations.
James Courtenay is appointed as a Non-Executive Director of FQX with immediate effect. He was Global Head of Corporates at Standard Chartered Bank until April 2017, where he had overall responsibility for all the bank’s corporate clients across Africa, Asia and the Middle East advising clients on all major decisions across the bank’s products and services.

eNote™ can connect the real economy directly to investors and boost the flow of liquidity, providing a new streamlined infrastructure to unblock inefficiencies in the current system and make trade and corporate finance more widely available for businesses who are struggling to raise it – and more profitable for investors looking for yield. eNote™ is a digital promissory note, an unconditional promise to pay that is secure, tradeable and provides as a negotiable instrument an alternative to burdensome instruments such as reverse factoring, dynamic discounting, trade loans and – eventually – commercial papers. The potential for eNote™ in receivables finance is significant in global supply chains where a huge funding gap exists.

SMEs and many companies across developing markets do not have adequate access to trade finance and are underserved by commercial banks, despite offering investment grade opportunities. eNote™ can unlock this new source of revenue for institutional investors and treasuries and increase liquidity to close the gap. Traders & producers are often forced to abandon transactions when finance is rejected, and this is one of the top three export obstacles for half of the world’s countries (source: WEF).

In 2019, the Asian Development Bank estimated the global trade finance gap at US $ 1.5 trillion, but amid the fallout from Covid-19 this figure has risen sharply to a US $3.4 trillion gap (source, Standard Chartered Estimate 2020). SMEs in emerging economies are facing the highest rates of rejection for trade finance according to the International Chamber of Commerce (ICC) which estimates “that restoring trade to pre – pandemic levels in 2021 will require an additional US$2 trillion of trade finance to be delivered to the real economy relative to the level of supply in 2020.

In 2019, the Asian Development Bank estimated the global trade finance gap at US $ 1.5 trillion, but amid the fallout from Covid-19 this figure has risen sharply to a US $3.4 trillion gap (source, Standard Chartered Estimate 2020). SMEs in emerging economies are facing the highest rates of rejection for trade finance according to the International Chamber of Commerce (ICC) which estimates “that restoring trade to pre – pandemic levels in 2021 will require an additional US$2 trillion of trade finance to be delivered to the real economy relative to the level of supply in 2020.

FQX is accessible to corporations and financial institutions via indirect origination channels, such as banks, fintechs, treasury management systems, purchasing cooperatives, large logistics firms and large MNCs, who will license eNote™. Users may utilize eNote™ to issue and transfer trade loans as well as singular commercial papers, liquidate trade receivables or extend payment terms.

The COVID19 pandemic and resulting remote working practices have accelerated the need for digitising trade finance documentation, removing legal obstacles and replacing hand-written signatures and paper certificates. To this end, The Bankers Association for Finance and Trade (BAFT) has recently released best practices for Digital Ledger Payment Commitments; while FQX supports these and other efforts to standardize the technological and legal framework for the digitization of financial instruments, it is already offering a working solution to the market, developed and designed by leading international experts in DLT and law.

FQX was founded by Frank Wendt, CEO, Dr Philipp von Randow, General Counsel, Benedikt Schuppli, COO, and Dr des Stephan D. Meyer, CPO. The core team is based primarily in Zurich with team members in Germany, Lithuania and the UK with a London presence that is expanding in 2021. FQX is funded by a group of leading banking and financial services executives, namely:
- Michael Füllemann, Former Senior Partner, MD and Industry Lead of BCG, former MC of Schindler
- Helmut Paulus, Former CEO and Founder of one of Germany’s leading Quantitative Asset Managers, Quoniam Investment, managing 30bn+ EUR AUM
- Dr. Stefan Jäcklin, A notable Swiss FinTech-investor and former Head of Oliver Wyman Switzerland
- Volker Sigwarth, Former CEO of a Swiss Champion in Cleanroom Technology, Skan AG

Frank Wendt, CEO commented, “I find the idea of supplying liquidity to SMEs intriguing, and have realised that an electronic equivalent of the promissory note can do this efficiently, securely and at scale. Our four co-founders each bring the specific skills and knowledge to realise the huge potential for eNote™, and we are all thrilled that James Courtenay joins our board today. He brings a depth of experience and relationships that are invaluable to FQX as we launch eNote™ globally.”

James Courtenay said, “The global economy is facing two major challenges, which are exacerbated by the current COVID-19 pandemic: a yield plight for fixed income investments due to low to negative interest rates, and a global trade finance gap that is widening at an accelerating pace. FQX`s eNote™ tackles both issues based on a proven concept of electronic negotiable instruments, and I am excited to be so closely involved in further developing eNote™.”

Michael Füllemann, an investor in FQX said, “I am proud to be supporting eNote™, a genuine innovation that is limitless in scope and will help supply chains, SME finance and world trade. The eNote™ connects investors directly to the real economy via a trusted instrument thereby creating a new tradeable asset class with attractive yield potential in a challenging interest rate environment.Timing could not be better. The world needs liquidity and better technology to get back on its feet after the destruction of the COVID–19 pandemic.”

Helmut Paulus, an investor in FQX commented, “FQX joins the dots: state-of-the art technology connects Trade-Finance and Supply Chain-Finance with nearly unlimited liquidity and the required risk-budgets of institutional investors. FQX offers a win-win solution for all parties involved.”

FQX is nominated Early Stage Swiss Fintech Startup of the Year by the Swiss FinTech Awards 2021 and was selected among 200 start-ups for the Swiss Stock Exchange SIX’s F10 Scale-Up acceleration program.

## Notes to Editors

## About eNote™
eNote™ provides a secure, efficient and compliant infrastructure for electronically negotiable debt that is tradeable. It combines the best legal, financial and technological expertise into an electronic negotiable instrument that is enforceable in the courts of 165 countries.

## About FQX
FQX was founded in 2019 by four co-founders: Frank Wendt, CEO, a former senior management consultant at KPMG with expertise in cash flow optimization, treasury, financial supply chain and customer/supplier finance; Dr Philipp von Randow, General Counsel, Retired Partner of Latham & Watkins LLP and an expert in credit agreements, bonds and out-of-court restructurings who has advised the German government on the modernization of bondholder law; Benedikt Schuppli, COO, a lawyer and entrepreneur with deep expertise in blockchain and fintech; and Dr Des Stephan D. Meyer, CPO, with a PhD in blockchain & law, university lecturer and attorney specialising in fin(legal)tech.The core team is based primarily in Zurich with members, and Germany, Lithuania and in the UK with a London presence that is expanding in 2021; supported by an Advisory Board of experienced individuals.FQX is a partner of Swisscom for the use of Qualified Electronic Signatures. All eNotes are stored on the banking-grade DLT-infrastructure of Swisscom and Swiss Post. For more information, please visit [www.fqx.ch](www.fqx.ch) or [www.fqxnotes.com](www.fqxnotes.com).

## About James Courtenay
James Courtenay has over 30 years of experience in credit markets with detailed knowledge of managing debt transactions. Until April 2017, he was Global Head of Corporates at Standard Chartered Bank, where he had overall responsibility for all the bank’s large corporate clients across Africa, Asia and the Middle East. In this role he was involved in all major credit decisions for his clients and was responsible for effective allocation of risk-weighted assets to the bank’s large corporate relationships. Mr. Courtenay joined Standard Chartered in 2009 and was previously responsible for all Infrastructure and Advisory businesses at the bank. Before joining Standard Chartered, Mr. Courtenay was global head of leveraged and real estate finance with Dutch bank ABN Amro. After graduating from King’s College, London (LLB : Law) in 1986, he worked in Leveraged Finance and High Yield at Bankers Trust, before setting up and managing CIBC’s leveraged loan, mezzanine and High Yield business in Europe.

&nbsp;  
**Media Enquiries:**  
Mark Lunn  
Caburn Communications  
mark@caburncomms.com  
+44 (0) 7775 992 309  

&nbsp;  
**Business Contact:**  
Benedikt Schuppli  
FQX AG  
+41797232852  
benedikt@fqx.ch  

The eNote™ is a new infrastructure enabling trade and corporate finance, connecting companies and institutional investors seeking liquidity or yield. The eNote™ is an electronic debt instrument that is tradeable, secured via DLT and can be enforced by courts in 165 countries, replacing ink, paper and intermediaries to streamline negotiated debt trades.
James Courtenay brings FQX over 30 years of banking experience in credit markets and debt transactions. He was previously Global Head of Corporates at Standard Chartered Bank.
Following a series of successful transactions, FQX launches eNote™ on a global scale to help corporates tap liquidity and narrow the $3.4tn global trade finance gap that has been exacerbated by COVID-19.

large_logo-16x9.png

medium_logo-16x9.png

small_logo-16x9.png

thumbnail_logo-16x9.png

logo-16x9.png

FQX launches eNote™ to boost trade liquidity across 165 countries and appoints James Courtenay to its board

- Every eNote™ is securely registered on the Swiss Trust Chain by Swisscom and Swiss Post and signed with qualified electronic signatures
- Financing trade with eNotes has the potential to ease the pressure on the increasing global trade finance gap of over USD 2 trillion
- The eNote™,
using an ISIN, provides attractive and easily transferable investment opportunities to investors

Complex traditional financing processes often hinder companies in their growth. These barriers contribute to a global trade finance gap of over $2 trillion. Electronic promissory notes offer a remedy. Promissory notes are a widespread traditional financial instrument that enable companies and individuals to obtain finance on the basis of an unconditional promise to pay. In electronic form, as eNotes, they offer unprecedented flexibility and efficiency in trade and corporate finance. By storing the eNote™ on the Swiss Trust Chain of Swisscom and Swiss Post, transactions are fully digital and fraud risk is minimized. Liquidity flows directly to the companies that need financing without the need to involve other intermediaries.

FQX announces two further successful financings via eNote™ for a total of more than USD 500’000. The two electronic promissory notes were used to finance transatlantic metal shipments by a Swiss commodity trader. A private investment firm financed the transaction and generated an attractive return. No bank was involved in the financing of this transaction. “Electronic promissory notes make liquidity available where it is needed for businesses, while also offering attractive investment opportunities for financial institutions,” says Frank Wendt, FQX Chief Executive Officer. “Each eNote issued via FQX is assigned an ISIN number, making it easily transferable to other investors,” he added.

Each eNote™ is stored and recorded on the Swiss Trust Chain, a banking-grade DLT-system maintained by Swisscom and the Swiss Post. The integrated qualified electronic signatures used to securely issue and transfer the eNotes on the FQX platform are provided by Swisscom Trust Services.

Roland Cortivo, Head of DLT Infrastructure at Swisscom, comments: “Innovation and trust are at the heart of Swisscom. We are proud to support FQX with our leading electronic signature and DLT infrastructure to support the issuance and transfer of an eNote™ . This transatlantic trade finance transaction proves why blockchain technology is the key to fully digital business processes.

The transaction was furthermore facilitated using an ARVIEM tracking and sensor device, allowing for a track and trace functionality which serves to reduce transaction risk. Arviem’s technology provided real-time information to all parties involved in the transaction on the location of the goods also reporting on door openings, intrusions, temperature, container damage and shocks.

“At Arviem we believe in the digitisation of the complete supply chain from eBills of Lading to electronic delivery notes. Our IoT enabled technology serves as the layer between physical cargo and the digital environment of DLT technology connecting specific cargo to financial transactions from container doors closing to doors opening. This provides assurances to allow all the parties in the supply chain to grow their business with confidence” – says Stefan Reidy, CEO of Arviem.

## About FQX

FQX provides a secure, efficient and compliant infrastructure for electronic negotiable instruments (eNI™). FQX applies the best legal, finance & technology expertise to the field of electronic negotiable instruments such as the electronic promissory note (eNote™). The FQX eNITM (electronic Negotiable Instruments) platform allows businesses to control their liquidity by issuing and transferring an eNoteTM for financing and investing purposes. The legal technology of eNITM is based on globally highly respected and recognized laws and treatises. FQX is a partner of Swisscom for the use of Qualified Electronic Signatures. All eNotes are stored on the banking-grade DLT- infrastructure of Swisscom and Swiss Post. For more information, please visit www.fqx.ch.
&nbsp;  
&nbsp;  
**Media Contact:**  
Benedikt Schuppli  
FQX AG  
+41797232852  
benedikt@fqx.ch  

## About ARVIEM

Arviem provides multimodal in-transit supply chain visibility allowing customers to understand what’s happening throughout their extended supply chain. Arviem collects data and uncovers supply chain blind spots by installing automated, IoT enabled locating and sensing technology on multimodal containers and cargo.Arviem enables the optimization of the financial and physical supply chains by making goods in transit financeable through monitoring the location and condition of the cargo in real-time. Arviem provides traceability from ‘doors closing to doors opening’ serving as an independent verifier for regulatory purposes as well for real-time risk mitigation.
&nbsp;  
&nbsp;  
**Media Contact:**   
Simona Androvicsova    
Arviem AG  
+41 41 766 32 16  
androvicsova@arviem.com  

FQX announces another set of successful transactions via eNote™, an electronic promissory note. The eNotes with a total value of more than USD 500’000 were used by a Swiss commodity trader to finance a transatlantic metal shipment. The transaction was facilitated using sensor and tracking devices by the Swiss supply chain management service provider ARVIEM.

Press & Media