Bitcoin Suisse AG, which aims to secure a banking license, plans to launch an IPO as part of its medium-term strategy, founder Niklas Nikolajsen and CEO Arthur Vayloyan told finews.com in an interview.

The company is yet to determine the exact timing of the listing but plans to launch a capital increase in the spring to raise about CHF40 million to meet regulatory requirements, according to the Jan. 8 report.

Fellow Swiss fintech Sygnum AG, which in August 2019 secured banking and securities dealer licenses, also plans to raise capital in 2020, finews.com reported, citing co-CEO Mathias Imbach.