Luxembourg 🇱🇺 Banking Scene in 126 seconds

Описание: Hello 👋 from Luxembourg

Luxembourg is one of the smallest European countries with a population of 645,000 people.

It sits in the middle of Europe between Belgium 🇧🇪, France 🇫🇷 and Germany 🇩🇪 .

Luxembourgish, French and German are the official languages. - However yesterday I struggled to speak to a taxi driver - he only speaks French, and me only German and English

Here in Luxembourg there are 125 banks from 26 countries.

The total assets of the banking sector is over 12 times bigger than the country's GDP.

While Luxembourg is a small country it is the largest investment fund centre in Europe and the second largest in the world.

There are more than 3,600 investment funds representing over 14,500 fund units in Luxembourg.

Luxembourg is the global hub for cross-border investments with over 4.3 trillion EUR in assets under management (AuM) and a gateway for Chinese 🇨🇳 investment flows.

Over 40% of international funds investing into Chinese capital markets are domiciled here in Luxembourg.

There are also more than 100 FinTech & Crypto startups in Luxembourg.

Three that catch my attention are

Blockchain - one of the world's most popular bitcoin wallets

Tokeny - a compliance infrastructure for digital assets

Cascade - a platform centralising client data and providing a complete AML/KYC framework

For today, bye bye from Luxembourg

#banking #fintech #crypto #blockchain #Tokeny #Cascade