Television director and Greek billionaire Alkiviades David and his personal consortium recently launched the SwissX Bank of Cannabis and the SWX coin.

Main HQ in Gstaad, Switzerland

A recent press release revealed that the Swissx Bank of Cannabis has its main headquarters in Gstaad, Switzerland. The bank is also set to have another office opened in the Caribbean. It was also noted that the new bank will be managing the SWX Coin. The digital token is fashioned after the Bitcoin (BTC) blockchain, with one unit directly connected to the average worldwide price of a prime hemp flower.

Meanwhile, the consortium’s Swissx Global Hemp Exchange will give the entire cannabis industry with a secondary market where growers and manufacturers can conduct futures trading based on current world market analytics.

David and his Swiss consortium initially planned for Swissx and the SWX token to handle all the bank’s business dealings with its partners in the Caribbean, Europe, and the United States. However, it’s also a secure solution that can be utilized by the entire Cannabis industry. The bank can help provide a safe and transparent setting for all undertakings, with the token linked to a commodity.

Denzil Douglas, Member of the Board

It was also revealed that Denzil Douglas, the former Prime Minister of Saint Kitts and Nevis, is a member of the bank’s board. The longest-serving PM of Saint Kitts and Nevis, Douglas has been consulted by Swissx regarding its business development plans.

The Swissx Bank of Cannabis was established with a $750 million worth of support. The backing comes in the form of Donald Trump seeds and premiere Swissx Cherry Wine, along with $250 million in Swiss Francs.