The Swiss based fintech, which specializes in blockchain-based compliance solutions for financial companies has a business celebrity among its backers.

Wecan Group, the parent company of regtech company Wecan Comply, is closing a Series B round with a total of 3 million francs, it said in a statement Thursday.

Among its financial backers is hotelier Michel Reybier, founder and owner of the La Réserve hotel group.

Hotel Booking via Blockchain?

Wecan, whose infrastructure is already in used by the likes of Lombard Odier, Pictet, Edmond de Rothschild and Julius Baer, wants to use the funds to expand in Switzerland and internationally.

Reybier says the company also has «potential to develop in other industries, such as the hotel industry.» 

Will we soon be booking hotel rooms via the blockchain?