The Swiss-based platform Skyline Digital aims to provide underbanked Web3 Businesses, Founders, and DAOs with access to traditional financial services. By offering third-party fiat payments, OTC trades, tokenized real-world assets, vIBANs, and on/off-ramping, Skyline Digital addresses the needs of these organizations, as they often find themselves underserved by traditional banks and face risks with centralized crypto exchanges.
Skyline Digital operates as a regulated financial intermediary and VASP from Zug, Switzerland, allowing it to facilitate various financial activities. Customers have utilized the platform for a range of transactions, including real estate investments and contractor payments. By integrating with Web3 liquidity providers and traditional finance institutions, Skyline Digital acts as a payment facilitator, enabling users to directly process transactions from their wallets.
Skyline Digital stands out by providing accessibility to the traditional investor market. Traditional investors can participate in Web3 fundraises through bank transfers without needing a wallet or technical expertise. The platform also simplifies accounting reconciliation by offering detailed descriptions and tracking of on-chain and fiat payments.
In contrast to its competitors, Skyline Digital offers crypto-to-crypto batch payments free of charge. Competitors typically charge annual fees up to $9,000, as well as a percentage fee for each batch payment. Skyline Digital charges a fixed 1% fee and $10 per fiat payment, without any onboarding or monthly fees.
Since its launch in early 2023, Skyline Digital has served well-known DAOs and businesses in the industry. The platform plans to roll out new features, including invoicing functionality, cards, and loans, to further bridge the gap between TradFi and DeFi. Skyline Digital also provides its services via API and collaborates with partners to make them accessible through major Web3 infrastructure tools and platforms.
Swiss-based platform Skyline Digital is empowering Web3 Businesses, Founders, and DAOs by enabling access to third-party fiat payments, tokenized real-world assets, and other traditional financial services. This non-custodial solution addresses the underserved needs of Web3 organizations, allowing them to bypass the limitations of traditional banks and centralized crypto exchanges. By integrating with Web3 liquidity providers and finance institutions, Skyline Digital enables direct transaction processing from users’ wallets. Additionally, traditional investors can easily participate in Web3 fundraises through bank transfers. With its cost-effective approach and plans to introduce new features, Skyline Digital continues to bridge the gap between traditional finance and the decentralized Web3 ecosystem.