A new Swiss banking project is being quietly liquidated, following a report that it didn't pay staff their salaries.
Tallyon, an aspiring bank backed by Swiss financier David Bisang, entered liquidation proceedings earlier this month, according to Switzerland's commercial register (in German). The move puts an end to a new bank project that had sought to build a more agile private bank using technology.
The project had applied for a Swiss banking license two years ago, after in 2017 swallowing Tokensuisse, a crypto startup. Swiss blog «Inside Paradeplatz» (in German) reported last month that the company had been arrears on salaries to staff. A bankruptcy judge opened liquidation proceedings, after the board except for Bisang exited, according to the commercial register.
