The finance that comes
after the bank.
Swiss holding company of a digital finance group: crypto exchange, trading platform, proprietary liquidity and pricing engine, artificial intelligence and tokenisation of assets and financial products.
First private capital round · openRound status →- Custody and infrastructure: BitGo Europe · MiCAR (BaFin)
- Aktionariat share register
- Registered office Zug · CHE-228.214.388
- BTC/CHFBitcoin71,402+2.4%
- ETH/CHFEthereum3,718−1.1%
- SOL/CHFSolana168.40+3.0%
BZ: you are buying at market price, with no leverage. An explanation, not a recommendation.
Images for illustrative purposes.
A holding company that owns service businesses, not investments.
Vinci Swiss Holding SA does not manage portfolios and does not invest in the markets: it wholly owns companies that provide services, such as exchange, custody, card, bots, market infrastructure and artificial intelligence, and earns fees on those services.
Revenue does not depend on the direction of the markets but on client activity. The platform is never the client's counterparty (agency model), uses no leverage in its current scope and keeps client funds off its own balance sheet.
This is the crucial point: those who invest in the share capital participate in a service business, with a risk profile that is different and, by construction, more contained than that of vehicles that invest directly in the markets or operate with leverage.
- Revenue from servicesFees on trading, conversion, card, bots, custody and AI licensing.
- Never the counterpartyAgency model: nothing earned from client losses, no leverage.
- Segregated fundsSegregated custody with an authorised institution; client funds never enter the balance sheet.
- Own technologySource code and data of the group's companies: an asset that can be independently valued.
The sectors in which we operate.
Five sectors of digital finance, linked to each other by a single technology infrastructure owned by the group. Each sector has a dedicated company and, where required, its own authorisation.
- Active today
Crypto-asset exchange
Exchange for retail and professional clients, with custody with an authorised institution. Europe, Switzerland and international markets.
Details → - Active today
Market infrastructure
Matching, liquidity and pricing engine developed in-house, available for licensing to other operators.
Details → - Active today
Financial artificial intelligence
BZ Intelligence: explains markets and portfolios, configures bots through conversation, never gives advice.
Details → - Planned
Trading of financial instruments
Trading of financial instruments for regulated European markets (MiFID II licence planned). To be assessed: in-house development or a solution from a digital financial institution.
Details → - Planned
Tokenisation of assets and financial products
Shares, fund units and real assets in digital form, through a fund and structure in Luxembourg.
Details →
Why these sectors, and why now.
One licence for 30 countries
The European MiCA regulation allows an operator authorised in one Member State to operate throughout the European Economic Area.
A consolidating market
Many unregulated operators are leaving the market. Those who arrive with a licence and their own infrastructure gain market share.
AI changes the product
AI-based support and analysis are today the real differentiator between investment platforms.
- ExchangeEurope finally has a single rulebook (MiCA): those who arrive with a licence and their own technology gain market share while unregulated operators leave.
- InfrastructureWhoever owns the matching and pricing engine controls costs, execution quality and margin, and can license it to others.
- Artificial intelligenceIt is today the real differentiator between one investment platform and another; in finance, proprietary data is worth more than generic data.
- TradingThe same clients also ask for traditional financial instruments: a trading platform, in-house or from a partner digital financial institution, completes the offering.
- TokenisationA young market growing at great speed: the giants are building the infrastructure, no one is addressing intelligence and access for the retail investor.
- USD 32bn+in tokenised real-world assets by mid-2026, more than tripled in one year
- USD 16–30trnthird-party projections for 2030
- USD 450trnglobal stock of real-world assets: less than USD 30bn on blockchain today
Third-party data and projections from public sources, reported solely as market context. They are not forecasts by the company. The infrastructure to issue and trade these assets exists; what is missing is the intelligence that reads them, compares them and explains them to the retail investor.
What is in place today, what comes next
Today: built and ready
READY- BitzenPlus platformExchange built in-house: trading and convert, debit card, earn, accumulation bots. Technically functional; open to clients in each market only with the required authorisations.
- BitGo Europe regulated infrastructureCrypto-as-a-Service agreement: qualified custody, onboarding and access to liquidity under BitGo's MiCAR authorisations (BaFin) · insurance of up to USD 250m on wallets held in custody
- BZ IntelligenceProprietary AI in beta within the product, with principles and limits already defined
- VASP registration in PolandMSJ Innovation Sp. z o.o. · MiCA CASP authorisation in progress
- Holding company and share registerVinci Swiss Holding SA active · digital register on Aktionariat
- Data room ready60-month model, business plan, value memorandum, preliminary valuation review, fee schedule and bot verification package
Tomorrow: in development and planned
2026 – 2028- Consolidate the group2026 · operating companies held 100% by the holding company
- Swiss SRO affiliation (VQF)2026 · financial intermediary affiliated with the SRO VQF in Zug
- European authorisation2027 · dedicated company in Ireland, passporting across the 30 EEA countries
- Commercial launch2027 · first markets and first recurring revenue
- Listed-company structure2027–2028 · audited financial statements, finance function, independent directors
The group companies do not yet hold their own licences for financial services. In Europe, the launch is planned through the regulated infrastructure of BitGo Europe (Crypto-as-a-Service, MiCAR) and the VASP registration of MSJ Innovation in Poland, while the group's own authorisations are in progress: MiCA CASP, affiliation with a self-regulatory organisation in Switzerland, MiFID II. Services will be offered to clients in each market only with the required authorisations. Vinci Swiss Holding SA is not supervised by FINMA.
Five business lines, one infrastructure.
Some assets are already built, others are in development or planned. Any client-facing activity will start only with the required authorisations.
- Built
Crypto exchange
Europe · Switzerland · internationalCrypto-asset exchange platform for retail and professional clients, built in-house: trading and convert, debit card, earn, accumulation bots. One dedicated company per region, each with its own authorisation.
- EuropeIreland · MiCA authorisation (CASP) with passporting across the 30 EEA countries · planned
- SwitzerlandZug · affiliation with a self-regulatory organisation (VQF) · planned for 2026
- InternationalArgentina · registration in progress; the Gulf and Asia at a later stage
- Planned
Trading platform
To be assessed: in-house or partnerPlatform for trading financial instruments. The group will assess whether to develop it in-house or adopt the solution of a digital financial institution.
Authorisation: MiFID II licence as an investment firm, planned in order to offer the service in Europe.
- Built
Matching, liquidity and pricing engine
Proprietary · developed in-houseThe shared technology core: it matches orders, aggregates liquidity from multiple sources and calculates prices in real time. It powers the exchange and the trading platform. On the roadmap: routing across multiple liquidity providers (BitGo Go Prime, Kraken, FinchTrade), choosing where and how to execute each order.
- Built
BZ Intelligence
Proprietary artificial intelligenceIt supports users by explaining what is happening to their portfolio and to the markets, in their own language. It never gives buy or sell recommendations. It can be licensed to other financial operators.
- Planned
Tokenisation of assets and financial products
Through a fund and structure in LuxembourgShares, fund units, real assets and financial products represented in digital form, transferable and verifiable.
Authorisation: Issuance through an existing Luxembourg fund and structure, in compliance with securities and fund regulations.
Custody of clients' crypto-assets entrusted to BitGo, a MiCA-authorised institution. Timelines depend on authorisations.
Every screen. One system.
The same exchange, the same engine and the same intelligence on phone and web: the app is where the user enters, understands and acts. Markets, spot orders, bots and BZ Intelligence on a single surface.
- iOS
- Android
- Web app
- BTC/CHFBitcoin71,402+2.4%
- ETH/CHFEthereum3,718−1.1%
- SOL/CHFSolana168.40+3.0%
- USDC/CHFStablecoin0.890.0%
- Auto-AccumulateActive · next purchase Monday 09:00
- Buy-the-DipWaiting · threshold −4.5%
- Take-ProfitReady · 4 levels
Week executed: bought CHF 50 of BTC at 71,402 and CHF 50 of ETH at 3,718. Twelfth consecutive week.
- 71'4100,42
- 71'4081,10
- 71'4050,65
- 71'4022,30
- 71'3990,80
- 71'3961,95
- 71'3940,51
Images for illustrative purposes.
Apps and web app at launch in authorised markets. Interfaces for illustrative purposes: the values shown are not real prices or results.
From bank transfer to portfolio: the path of an order.
BZ Intelligence · an intelligence layer across the entire path. It explains to the user what is happening, in their own language. It never advises what to buy or sell.
Customer
Web and mobile appRegistration, payment by bank transfer, buy and sell orders
Verification
Identity and anti-money launderingChecks on documents and source of funds before trading
Trading engine
Built in-houseMatches orders, sources liquidity from the markets, applies the fee
Custody
BitGo · MiCA-authorised institutionCoins are kept segregated from the company's accounts, with insurance
Illustrative description of the planned service. The service will be offered only after the necessary authorisations have been obtained.
Marco sends CHF 1,000 by bank transfer and buys Bitcoin. His identity has already been verified; the engine executes the order at the market price and retains a 0.25% fee (CHF 2.50); the Bitcoin is placed in the insured custody account in his name. A week later the price falls: Marco asks “why?” and BZ Intelligence explains what happened in the markets, without telling him what to do.
Trading fees, custody services, cards and customer products; in addition, licensing BZ Intelligence to other operators.
The platform code, the trading engine and the BZ Intelligence models are developed and owned by the group; the external providers are custody and liquidity.
A brain inside the exchange, not a chatbot.
It explains what is happening to your portfolio and to the markets in your own language, configures bots through conversation and remembers your objectives and constraints. It adapts the tone, never the facts. It never gives buy or sell recommendations.
- It explains, it does not adviseIt reads the actual portfolio and the markets and says what is happening, with sources. Never what to buy or sell.
- Bots are created in wordsDescribe a goal; BZ prepares the configuration and asks for confirmation before activating.
- It remembers and alertsGoals, limits and risk profile stay in memory; alerts arrive only for events that concern you.
Why did my portfolio fall today?
Your portfolio fell by 3.2% today. Almost all of the decline comes from Bitcoin (−4.1%), which makes up 62% of your portfolio. The move follows the US inflation data released at 14:30, which pushed many risk assets lower.
An explanation, not a recommendationI want to accumulate EUR 100 a week between BTC and ETH. Conservative.
I have prepared an equal-weight Auto-Accumulate, spot only, no leverage. Change anything before confirming.
Images for illustrative purposes.
Why didn't my Buy-the-Dip buy yesterday?
The bot saw the drop, but one of the three conditions was not met. It did exactly what you had asked it to do.
- Drop from the 7-day high−3.8%
- Volume above the 24h averageYes
- Required threshold−4.5%
- Basic
Bitcoin fell after US inflation data was published.
- Intermediate
Higher-than-expected inflation strengthened the dollar and reduced demand for risk assets, including Bitcoin.
- Expert
Core CPI +0.4% m/m vs +0.3% expected; markets price fewer rate cuts, dollar +0.6%, BTC −4.1%.
For operators: available under licence via API, in their language and in their brand's tone.
Four bots, one philosophy
Not forty tools for experts: four bots for those who want to accumulate with discipline, without becoming traders. All spot, all without leverage, all configurable in plain words.
- Auto-AccumulateA fixed amount, at the same time, every week.
- Buy-the-DipBuys only when the price genuinely falls, under defined conditions.
- GridIn sideways markets, buys low and sells high within a range.
- Take-ProfitSells in tranches, at the prices you have chosen.
Service planned in individual markets only after the required authorisations. The strategies operate in volatile markets: the value of your holdings can fall, at times sharply.
The intelligence of tokenised capital.
Bloomberg defined financial intelligence for professionals. Perplexity showed that orchestrating multiple intelligences is worth a category of its own. BZ Intelligence applies the same approach to a new and rapidly expanding domain – crypto, real-world assets and shares in digital form – where no one today combines intelligence with execution: you understand and, in the same place, you act.
- Mass-market toolMillions of people using the platform to invest and to understand, by talking to the AI.
- Terminal for professionalsIntelligence for institutions and professionals in tokenised assets.
- Data assetA proprietary model built on the platform's data, which no public provider holds.
Reference models, not direct comparisons. Plan objectives, subject to authorisations and execution.
One disclosed fee. No hidden costs.
The group earns from services rendered, never from clients' losses: the platform operates on an agency model and is never the user's counterparty. Indicative exchange fee schedule at commercial launch; final values will be set at launch for each market.
- Funding by SEPA / bank transferFreeThe group's banking channels
- Convert (simple buy and sell)1.5%A single fee, at the actual market price
- Spot, order book0.20% maker · 0.25% takerVolume discounts
- Accumulation botsIncludedOperating fee of 0.05–0.20% in tiers on monthly volume; optional Pro plan EUR 49/month
- Debit card1.75% on conversionFree virtual issuance; instant crypto-to-fiat at the point of payment
- Earn (planned service)0.5–1% spreadRetained on the service
- Institutional and white-label channelRevenue share60–70% to the platform, 30–40% to the partner; no acquisition cost
- BZ Intelligence under licenceRecurring feeAPI for other financial operators
An order of EUR 300 with a 0.20% fee: the client pays EUR 0.60; the execution cost paid to the liquidity provider is about EUR 0.15; about EUR 0.45 remains with the platform. With bots, the frequency of transactions is constant and automatic, independent of whether the user is present.
The card brings the verified user to trading; trading leads to the bots; the bots generate volume and data; the data improves the intelligence; the intelligence improves everything else. Every month of use makes switching platforms more costly: loyalty is built into the structure, not bought with incentives.
Indicative fee schedule. Amounts and revenue scenarios of the plan are available only in the data room, upon request and after verification.
A modern financial structure.
Three layers, separated by law and by design: each with its own company, its own audience and, where required, its own authorisation.
Intelligence
Proprietary AI serving retail and institutional clients, and other operators under licence
SwitzerlandExchange, trading and custody
The group's crypto exchange, trading platform (in-house or partner), proprietary matching and pricing engine, custody with an authorised institution
MiCA · MiFID II planned · EUTokenised issuance
Assets and financial products in digital form through a fund and structure in Luxembourg; digital share register already active
Luxembourg · Switzerland
- RetailLearning to accumulate, without leverage, with AI as a guide
- InstitutionalCustody, execution, reporting and strategic asset management
- Operators and issuersAI licensed to other financial operators; tokenisation of shares and real assets
Who is building it and who stands behind it.
Board, advisers and partners
- Chief Executive OfficerEnrico Musaj
Founder and board member. Data Science, Università della Svizzera italiana, Lugano.
- AdviserPeter Regent
Independent Swiss financial adviser (FinSA); licensed wealth adviser in Austria; professional licences in several EU/EEA countries. Regent Swiss, since 2015.
- Legal and corporateLEXR
Zurich law firm with an in-house notary: corporate law, financing rounds and capital increases.
- AuditLicensed Swiss auditor
Audit firm licensed to audit listed companies; appointment in progress.
Technology team
- Machine learning and AIEnrico Musaj
Leads BZ Intelligence: model design, data pipelines and the AI's operating rules.
- AI, cyber security and developmentIacop Hafiane
AI and security specialist; builds AI products and secure software systems.
- Architecture and back endMattia Furlani
Solutions architect and back-end developer: Python, Go, cloud infrastructure and web security. Degree in Computer Science, University of Pisa.
One holding company, wholly owned subsidiaries, one licence per company.
Each licence sits in a dedicated company, so that a regulatory issue in one country remains contained. The technology sits in a separate company that licenses it to the others: the same architecture used by the sector's main European and American operators.
Target structure: 100% consolidation is planned for 2026. Dashed lines indicate companies and licences in progress.
One share, five service businesses.
Those who invest in the share capital of Vinci Swiss Holding SA participate in all the group's operating companies, not in a single product. These are the facts that make the structure sound; the risks remain, and are described below.
Proprietary technology and source code
Exchange, wallet, matching and pricing engine, strategy engine and BZ Intelligence are code written and owned by the group companies, not third-party licences: it is the asset that can be independently valued and that no supplier can take away.
Wholly owned service companies
The value of the holding company is the sum of its subsidiaries: exchange, trading, proprietary engine, artificial intelligence, tokenisation. Multiple revenue lines and multiple countries, in a single share.
Combinations that no competitor has together
Intelligence and execution in the same place, bot creation in plain words, rules of conduct written into the code, a dataset of real conversations and behaviour that no public provider holds. Based on the checks carried out to date, no identified competitor combines them all.
Revenue from fees, never from clients' losses
Agency model: the platform is never the user's counterparty. Every margin arises from a service rendered: trading, conversion, card, bots, custody, AI licensing.
Client funds off the balance sheet
Segregated custody with a regulated custodian (BitGo Europe, MiCAR/BaFin), insurance of up to USD 250m on wallets held in qualified custody, no leverage within the current scope. Users' funds never enter the operating balance sheet.
Lean cost structure and honesty as a method
An organisation of 30–60 people at full scale, built in the AI era. Expected drawdown stated before every strategy, results reported as medians and not as best cases, independent verification packages with data and code.
What the subsidiaries own
The intellectual property is held by the group's Swiss technology company and licensed to the operating companies: a regulatory issue in one country does not affect the technology.
- Source codeBitzenPlus exchange
Trading engine, wallet, convert, card programme, earn and bots: 100% proprietary source code.
- Source codeMatching, liquidity and pricing engine
Order matching, liquidity aggregation and price calculation: developed in-house, available for licensing.
- Code and dataBZ Intelligence
Model orchestration, memory, rules of conduct and strategy engine: the group's code and know-how, plus a proprietary dataset that grows with use.
- ContractsContracts and registrations
Crypto-as-a-Service agreement with BitGo Europe (custody, onboarding, liquidity); VASP registration in Poland; fund and structure in Luxembourg for tokenisation.
- TrademarksBrands and products
BitzenPlus, BZ Intelligence, Vinci Swiss Holding: the group's trademarks, domains and products.
Audited financial statements, finance function, independent directors and a digital share register: the listing is the stated objective of the plan, and the structure is being built in line with admission requirements.
This remains an investment in unlisted shares of a group at the development stage: illiquid, high-risk, with possible total loss of capital. Milestones depend on regulatory authorisations and on the execution of the plan.
Risk warnings →Plan objectives.
From private fundraising to a stock exchange listing. The corporate structure, financial statements and governance are being built from the outset in line with admission requirements.
- 2026ConsolidationGroup under the holding company, opening of the share capital, VQF affiliation
- 2027Licences and launchEuropean authorisation and first revenue
- 2027 – 2028Tokenisation and marketplaceAssets and financial products in digital form, through the Luxembourg structure
- 2028European scaleMore markets and external clients for the AI
- 2029ListingObjective: Swiss segment dedicated to SMEs
- 2030+ExpansionLatin America, the Gulf and Asia, including through acquisitions
A Swiss digital finance group, present on three continents.
The group's technology and artificial intelligence can be licensed to other financial operators: a fast way to enter a new market, even before the exchange, in compliance with each country's rules.
- EuropeThe regulatory base and the starting market
- Latin AmericaHigh adoption and fragmented competition
- Gulf and AsiaThe phase following the listing
Long-term horizon, subject to the successful completion of the previous phases.
Investors
Information on the capital increase is not published on the website. It is provided only upon individual request, after verification.