Lykke, a Swiss blockchain company founded by former OANDA CEO Richard Olsen, announced today the opening of Lykke de México S.A. de C.V., a Mexican subsidiary designed to bring the Lykke trading platform 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.”

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“Projects for our first institutional clients are already underway,” added 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.”

This new subsidiary is the direct result of Lykke Streams, its platform for crowdsourcing contributions to projects. A project called “Set up a new Lykke venture in your city”, posted by 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.”

The company hopes that Lykke de México will be more than just a branch office. They see it becoming a localized, responsive, and fully integrated part of the Latin American financial community and a vital point of entry to the Lykke Exchange.