Forty Seven Bank

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Forty Seven Bank ICO details

Start Date: 2017-12-16

End date: 2017-3-31

    • Category: Banking, Cryptocurrency
    • Token: FSBT
    • Platform: Ethereum
    • Type: ERC20
    • Initial price: 1 FSBT = 0.0047 ETH
    • Bonus: ICO round 1: 15 Nov, 2017 - 15 Dec 2017 30% ICO round 2: 16 Dec, 2017 - 28 Feb, 2018 20% ICO round 3: 1 Mar, 2018 - 31 Mar, 2018 Only bonus for quantity
    • Accepting: BTC ETH Fiat
    • Soft cap: 3,600 ETH
    • Hard cap: 36,000 ETH


Forty Seven Bank

Forty Seven Bank will be a fully digital innovative branchless financial institution which complies with all EU directives, Basel III, Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England requirements.

The bank is going to be specialising in digital finance services by fully supporting cryptocurrencies and traditional fiat currencies. Basic cryptocurrency procedures include sale and purchase features, investment and exchange options and crypto-saving and current accounts. Multi-Asset Account will be one of the featured innovative products oered by Forty Seven Bank – it will allow customers to have access to all their accounts in dierent banks and crypto wallets as well as to their investments and savings in cryptocurrency and fiat equivalents via single application. It will be possible to operate with each asset type accordingly by having only one Multi-Asset Account at Forty Seven Bank.
fortyseven service scheme
We will oer unique crypto products like bonds, futures and options. Our goal is to invent such market- place and take the leading position in both short and long-term perspectives. Companies will be able to attract finances via product invented by Forty Seven Bank – Cryptobonds. Cryptobonds will be traded on various exchange platforms (mainly at the one developed by Forty Seven Bank).

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Aleksandrs Malins

Chief Executive Officer, Member of the Board

Igors Astapčiks

Chief Operational Officer, Member of the Board

Vladimirs Tomko

Chief Marketing Officer, Member of the Board

Mihails Skoblovs

Chief Financial Officer, Member of the Board

Aristoteles Vargas

Head of Financial Market Development Department, Member of the Board

Anton Azamatov

Chief Technical Officer

Jevgenijs Plams

Blockchain Developer

Edgars Abols

Chief Legal Officer

Lilija Kovaļčuka

Art Director

Jevgenijs Lesevs

Head of Internal Audit

Vitalijs Grundsteins

Project Manager

Kristiāna Štauere

Lead Analyst

Nana Zhang

Community Manager (Asia)

Forty Seven Bank Advisors

Evgeny Bezgodov

Chief Operational Officer, Deiteriy

Alexander Chernyakevich

Chief Technical Officer, Scand

Morten Hansen

Head of Economics Department, Stockholm School of Economics in Riga

Dmitry Dudin

Head of Products and Services Development Department, XB Software

Artem Kushik

Business Analyst, Crédit Agricole CIB

Igors Danilovs

CFA, Senior Portfolio Manager, Swedbank

Inna Krievane

Financial Analyst, Argus Vickers

Eva Iova

Creative Director, IOVA


October 2016
Elaboration of concept of a modern bank that will work with cryptocurrencies and fiat money
February 2017
Formation of a team, research, market analysis
March 2017
Detailed project plan elaboration
April 2017
Bank’s financial model construction, preliminary calculations
May 2017
Idea of administering project’s crowdfunding
June 2017
Preparation of documentation for crowdfunding administering
October 2017
Start of crowdfunding via Token Launch
December 2017
Successful completion of Token Launch, summing up
January 2018
Procedures elaboration and creation of document base for the company
February 2018
Software infrastructure deployment
April 2018
Applying for EMI, PI authorisation at FCA
May 2018
Integration with SWIFT system
June 2018
Certification according to QSA PCI DSS Level 1 standard
July 2018
Obtaining EMI, PI licenses, and authorisation for activity from FCA
August 2018
Launch of services for FSBT tokens holders
September 2018
Launch of services for private clients
November 2018
Submission of documents to obtain banking license
May 2019
Obtaining banking license, launch of services for business clients
June 2019
Start of providing full-scale banking services

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1 Comment
  1. Reply
    05.02.2018 at 2:38 am
    Project idea
    Investment potential
    + PROS: Awesome
    - CONS: None
    Helpful(0) Unhelpful(0)You have already voted this

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