Fintech Crowdlitoken is preparing for a second funding round. As part of this, it has appointed new members to its Board of Directors. Crowdlitoken allows investors to invest in real estate with digital bonds.

The fintech company Crowdlitoken has concluded a first successful phase in which it was able to issue digital real estate bonds worth over 16 million Swiss francs. According to a press release, the company is now planning a second financing tranche, for which it is repositioning itself and strengthening its Board of Directors.
Crowdlitoken has elected four new Board members overall. These include two high-ranking individuals from the Swiss business world, namely Remo Weibel, former CEO of Swiss Life Select, and Michael Escher, former member of the Executive Board of Meyer Burger Technology. Also joining the Board of Directors are Roger Bigger and Ernst Sutter, as representatives of the parent company Crowdli AG. Ernst Sutter will be Chairman. Four members of the Board of Directors are stepping down but will continue to serve as advisors.
With the election of the new members, the Boards of Directors of Crowdlitoken AG and its parent company Crowdli AG have been unified. “This streamlining of structures will allow the Board of Directors to make future decisions even faster and more agile and to accelerate the implementation of the strategic orientation,” the company explains.
Crowdlitoken recently made it possible for European retail investors to invest in Swiss real estate with digital bonds for the first time. The company is planning to expand its portfolio with further European properties. Investors will be offered the opportunity to place their bonds individually on the various properties in order to put together their own personal real estate portfolio.

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