Lykke, a Swiss Fintech company building a global marketplace on the blockchain, announces the grand opening of Lykke de México S.A. de C.V., a Mexican subsidiary designed to bring the unique Lykke trading experience to the Latin American market.

“We are thrilled to be in Mexico,”

said Erwin Fedier, CEO of Lykke de México S.A. de C.V.

“As the first carrier to serve Latin America directly, we are making the global marketplace available to millions of people.”

This new subsidiary is the direct result of Lykke Streams, Lykke’s innovative platform for crowdsourcing contributions to projects of all kinds. A project called “Set up a new Lykke venture in your city,” posted by Lykke founder and CEO Richard Olsen, brought the team that would eventually become Lykke de México to the attention of senior leadership.

“After reviewing the various proposals that we received,”

said Dr. Olsen,

“we became convinced that Latin America was the right place for Lykke and that Erwin Fedier was the right person to head up our efforts there.”

Zero commission , instant settlement

In the spirit of Lykke’s vision, Lykke de México will be more than just a branch office. It will be a localized, responsive, and fully integrated part of the Latin American financial community and a vital point of entry to the Lykke Exchange.

“Projects for our first institutional clients are already underway,”

said Mr. Fedier.

“We are also localizing our Lykke Wallet app, and we are getting ready to trade in Mexican pesos. The Lykke hallmarks of instant settlement and zero commission will, of course, be an integral part of our operations.”

Featured image via pixabay

This article first appeared on fintechnews.ch