Lykke opens Latin American subsidiary in Mexico

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Lykke, a Swiss Fintech company building a global marketplace on the Blockchain, announces the grand opening of Lykke de México S.A. de C.V., a Mexican subsidiary designed to bring the unique Lykke trading experience to the Latin American market.

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“We are thrilled to be in Mexico,” said Erwin Fedier, CEO of Lykke de México S.A. de C.V. “As the first carrier to serve Latin America directly, we are making the global marketplace available to millions of people.”

This new subsidiary is the direct result of Lykke Streams, Lykke’s innovative platform for crowdsourcing contributions to projects of all kinds. A project called “Set up a new Lykke venture in your city,” posted by Lykke founder and CEO Richard Olsen, brought the team that would eventually become Lykke de México to the attention of senior leadership.

“After reviewing the various proposals that we received,” said Dr. Olsen, “we became convinced that Latin America was the right place for Lykke and that Erwin Fedier was the right person to head up our efforts there.”

In the spirit of Lykke’s vision, Lykke de México will be more than just a branch office. It will be a localized, responsive, and fully integrated part of the Latin American financial community and a vital point of entry to the Lykke Exchange.

“Projects for our first institutional clients are already underway,” said Mr. Fedier. “We are also localizing our Lykke Wallet app, and we are getting ready to trade in Mexican pesos. The Lykke hallmarks of instant settlement and zero commission will, of course, be an integral part of our operations.”

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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