Skyline Digital, headquartered in Switzerland, offers a comprehensive platform designed to support Web3 Businesses, Founders, and DAOs who often struggle with limited banking options. By leveraging their services, these entities gain access to various financial solutions like fiat payments, over-the-counter (OTC) trades, tokenized real-world assets, virtual IBANs (vIBANs), and on/off-ramping.
In today’s financial landscape, traditional banks frequently overlook the needs of Web3 Businesses, DAOs, and individuals with substantial assets. Moreover, relying solely on centralized crypto exchanges can introduce risks and instability. Recognizing these challenges, Skyline Digital aims to address them head-on with its non-custodial platform, enabling direct access to Traditional Finance (TradFi) services from any wallet.
Operating under the regulatory framework of Switzerland, Skyline Digital serves as a regulated financial intermediary and Virtual Asset Service Provider (VASP). From this base, they facilitate a range of financial activities, including third-party payments, OTC trades, vIBANs, on/off-ramping, and the management of tokenized real-world assets such as US treasury bills.
The suite of services provided by Skyline Digital caters to the diverse needs of Web3 organizations, covering everything from everyday business expenses to global contractor payments. Clients have already utilized the platform for various transactions, including real estate investments, legal fees, vehicle purchases, and hiring contractors on an international scale.
Through integration with both Web3 liquidity providers and traditional financial institutions, Skyline Digital acts as a payment facilitator, seamlessly handling exchanges and payments between major stablecoins and fiat currencies (EUR, USD, CHF, GBP, SGD). Clients can conduct transactions directly from their preferred wallets like Metamask, Safe, or Ledger, bypassing the complexities associated with traditional banking channels. Recently, the platform expanded its integration to include the Polygon Mainnet, offering users a choice between Ethereum and this network.
According to Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital, bridging the gap between TradFi and DeFi has been a significant challenge for Web3 professionals. Skyline Digital’s solution allows for the processing of single and batch transactions directly from clients’ Web3 wallets, eliminating the need for cumbersome and costly intermediary steps involving centralized exchanges and banks.
A notable aspect of Skyline Digital is its accessibility to traditional investors, who can participate in Web3 fundraises through bank transfers without requiring specialized wallets or technical expertise.
Furthermore, the platform simplifies accounting reconciliation for Web3 businesses by providing detailed tracking of both on-chain and fiat payments.
Skyline Digital distinguishes itself by offering crypto-to-crypto batch payments at no charge, contrasting sharply with competitors who levy annual fees of up to $9000 plus additional charges of 0.2% to 0.5% per batch payment. Skyline Digital, on the other hand, charges a flat rate of 1% and $10 per fiat payment, with no onboarding or monthly fees.
Launched in early 2023, the platform also offers its services via API, collaborating with partners to integrate seamlessly with key Web3 infrastructure tools and platforms. In the coming year, Skyline Digital plans to introduce new features catering to both TradFi and DeFi sectors, including invoicing functionality, cards, and loans. Currently, the platform serves some of the most prominent DAOs and businesses in the industry.
