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Ex-Credit Suisse Exec to Launch ICO for a Good Luxury Platform

A former Credit Suisse executive is preparing to launch an initial offer of coins (ICO) for a new start-up based on the Ethereum.

Marco Abele worked for the banking institution from 2006 to last August, recently holding the position of Digital Manager, according to LinkedIn. Prior to that, Abele worked at Deutsche Bank in its finance and investment banking division.

Now, he runs a start-up called Tend, an ethereum powered market to share the property of luxury assets, such as cars and jewelry.

As Abele explained in a statement:

"Many people today find that experience is more valuable than property, and that it is about access to the good things not only of the possession of these goods, modern generation, which makes special and important special goods more and more desirable. "

In essence, the platform offers users some sort of time-sharing for high-value goods. The offer of chips will be structured as an obligation under Swiss securities law, which Tend's claims will be a first.

Without going into details, the website promises that Tend will take "care of the associated obligations of the owners of objects, including insurance and logistics."

The company also indicated that she had performed an alpha test with 20 users and that she planned to proceed with the sale of chips in the coming months, although no Accurate schedule has been planned for the event.

Porsche image of Shutterstock.

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