FQX Brings Companies’ Debt Funding to the Blockchain
- Jörn Menninger
- Mar 15
- 6 min read
Updated: Apr 30
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
What Is This About?
Zurich-based FQX is bringing corporate debt funding to the blockchain — enabling companies to issue, trade, and settle debt instruments using distributed ledger technology. The fintech aims to make capital markets more accessible and efficient for mid-market companies across Europe.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.
FQX is a Zürich, Switzerland-based fintech with great aspirations.
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FQX Brings Companies’ Debt Funding to the Blockchain Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
We want digital debt to be registered, issued, transferred, and eventually traded on our infrastructure.Benedikt Schuppli, Co-Founder and Co-CEO of FQX
FQX is a Zürich, Switzerland-based fintech with great aspirations. They want to digitize company debt and this digital debt to be registered, issued, transferred, and eventually traded on their infrastructure.
Promissory notes are known around the financial world. These instruments are fairly standardized. So, if you put this on a blockchain, you have an extremely powerful financing tool.Benedikt Schuppli, Co-Founder and Co-CEO of FQX
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We believe, that in the future, a company will only have one basic financing instrument, a digital blockchain-based IOU. … That is what we offer with our eNotesBenedikt Schuppli, Co-Founder and Co-CEO of FQX
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Much of the financial world is more complex than it needs to be. We believe in simplicity, decentralization, and digitalization.Benedikt Schuppli, Co-Founder and Co-CEO of FQX
The Video Interview is set to go live on Thursday, June 2nd, 2022
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The Audio Interview
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The Founder
This time we interview Benedikt Schuppli (https://www.linkedin.com/in/benedikt-schuppli/), a founder from Switzerland. He is the co-founder and co-CEO of FQX (https://fqx.ch/), a fintech startup from Switzerland offering electronic IOUs. Benedikt is a lawyer by training but took his first job after graduating with a Swiss fintech pioneer named Lykke as Chief Legal Officer. He there realized he wanted to be an entrepreneur and co-founded a smart contract startup called Lexon.
The Startup
FQX (https://fqx.ch/) is a blockchain startup based in Zurich, Switzerland. Their primary offering is the eNote. An eNote™ is an unconditional promise to pay a specific sum to another party at a specific future date and can be modularly structured to fit any financing purpose. The eNote™ is based on blockchain technology and can be easily transferred to any third party (i.e. an investor). When compared to other financing tools, eNotes™ excels through its modularity and global transferability, based on a standardized legal framework. With this, eNotes can improve CeFi and DeFi-lending. Single eNotes are stored as NFTs on a blockchain. By issuing multiple eNotes as SFTs, an issuer can obtain financing in a way comparable to commercial papers. With this, they have set their sights on the 100 trillion US$ global bond market.
Venture Capital Funding
Investors now include Earlybird Ventures, SIX FinTech Ventures and several business angels. They have raised 6.7 m US$ so far.
The startup is looking for another fundraising in 2022 — at the time of the interview (March 2022).
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Further Readings / Additional Resources
Lombard Credit https://en.wikipedia.org/wiki/Lombard_credit
Money Market https://www.investopedia.com/terms/m/moneymarket.asp
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The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:LinkedInTwitterEmail
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What Is FQX?
FQX is a Zürich-based fintech startup that brings companies' debt funding onto the blockchain. The company envisions a future where digital debt is registered, traded, and settled on blockchain infrastructure, creating more efficient and transparent corporate financing through tokenized securities.
Introduction
In this founder interview, Startuprad.io explores FQX, a Zürich, Switzerland-based fintech with ambitious goals to transform corporate debt financing through blockchain technology. The company aims to make digital debt registered, traded, and settled on-chain, creating a new paradigm for how companies access funding. Operating from Switzerland's crypto-friendly regulatory environment, FQX positions itself at the intersection of traditional corporate finance and blockchain-based tokenized securities.
FQX is tackling the corporate debt market through blockchain technology from its Zürich base. The startup's vision of putting companies' debt funding on the blockchain addresses inefficiencies in traditional debt instruments by leveraging tokenized securities for registration, trading, and settlement. Switzerland's progressive regulatory stance on crypto and blockchain provides an ideal home for FQX's innovations in digital corporate finance.
FQX is a Zürich-based fintech bringing corporate debt funding onto the blockchain through tokenized securities.
The company's vision includes digital debt being registered, traded, and settled on blockchain infrastructure.
FQX operates from Switzerland, leveraging the country's crypto-friendly regulatory environment.
The startup targets inefficiencies in traditional corporate debt markets through blockchain-based solutions.
Entities Referenced in This Episode
Startups
FQX — Zürich-based fintech, blockchain corporate debt funding
Cities
Zürich, Switzerland — FQX headquarters
People
Jörn "Joe" Menninger — Startuprad.io host
Topics
Tokenized securities, blockchain debt, digital corporate finance, Swiss fintech, DeFi lending, on-chain settlement
Relationship Map
FQX → based in → Zürich, Switzerland
FQX → tokenizes → corporate debt on blockchain
Switzerland → provides → crypto-friendly regulatory environment
Quote Highlights
Zurich-based FQX is bringing corporate debt funding to the blockchain — enabling companies to issue, trade, and settle debt instruments using distributed ledger technology.
FQX wants to digitize company debt so it can be registered, issued, transferred, and settled on the blockchain.
The fintech aims to make capital markets more accessible and efficient for mid-market companies across Europe.
FQX is based in Zürich, Switzerland, leveraging Swiss regulatory advantages for blockchain-based financial instruments.
Related Episodes on Startuprad.io
Fintech Opportunities in CBDC — Part 1 — Digital currency infrastructure and fintech
Meet Monite — Embedded Finance API — Another fintech innovating financial infrastructure
Browse all Startuprad.io episodes — Topic hub: Blockchain and fintech
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What does FQX do?
FQX is a Zürich-based fintech that brings companies' debt funding onto the blockchain. The platform enables digital debt to be registered, traded, and settled using blockchain infrastructure, creating more efficient corporate financing through tokenized securities.
What are tokenized securities?
Tokenized securities are traditional financial instruments — like debt or equity — represented as digital tokens on a blockchain. This enables faster settlement, greater transparency, and more efficient trading compared to traditional systems.
Why is FQX based in Switzerland?
Switzerland, particularly Zürich and the Crypto Valley region, offers one of the most progressive regulatory frameworks for blockchain and digital asset companies in Europe, making it an ideal home for fintech startups working with tokenized securities.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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Companies innovating in fintech and blockchain-based financial infrastructure use Startuprad.io to reach founders, investors, and decision-makers across the DACH ecosystem. If that fits your goals, explore partnerships here: Partner with Startuprad.io




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