DeutschThe digital bank “The Kingdom Bank” has expanded its presence in the Swiss financial center and opened a location in the Canton of Zug. The institution, which specializes in digital assets and traditional banking services, aims to strengthen its networking within the Swiss blockchain ecosystem. At an opening event held at the CV Labs premises in Zug, the management of Kingdom Bank presented its expansion strategy for the Swiss market. The bank primarily targets institutional clients and high-net-worth individuals and plans to coordinate its services from Switzerland in the future.
Regulatory status and location planning
The institution is currently in the process of obtaining authorization as a representative office from the Swiss Financial Market Supervisory Authority (FINMA). In addition to the headquarters in Zug, the company reports that further locations are planned in the financial hubs of Zurich and Geneva. The bank is thus following the trend of international crypto financial service providers looking to benefit from the legal clarity of the Swiss DLT (Distributed Ledger Technology) Act.
Key figures and technological direction
According to its own figures, the bank recorded a total deposit volume of $10 billion in the 2025 financial year. The strong growth of recent years is now to be consolidated through integration into the Swiss market. Technologically, the institution relies on a hybrid infrastructure:
- Kingdom Coin (KDC): A utility token based on the ERC-20 standard, used for transactions and services within the bank’s own ecosystem. A public listing on external crypto exchanges is not currently planned.
- Stablecoin integration: By participating in the “Circle Alliance Program,” the bank integrates the USDC and EURC stablecoins directly into its settlement systems. The goal is to increase efficiency in cross-border payments.
Investment arm: Kingdom Ventures
Parallel to the opening of the location, the launch of “Kingdom Ventures” was announced. This is a venture capital arm with a planned investment volume of $20 million by the end of 2026. The focus is on early-stage financing (Seed and Series A) for startups in the fields of fintech, blockchain infrastructure, and digital identity. The official application process for interested companies is scheduled to start in the third quarter of 2026.
Significance for Switzerland as a location
The arrival of Kingdom Bank underscores the ongoing relevance of the Canton of Zug as an international hub for the crypto industry. While other jurisdictions struggle with regulatory uncertainties, the Swiss “Crypto Valley” continues to attract capital and companies seeking to link traditional banking with decentralized financial technologies. Further development will depend significantly on the progress of the licensing process with FINMA and the actual capital allocation of the new venture fund.
