Arnaud Salomon’s unique background and insatiable curiosity have him a path to disrupt investment banking. Mr. Salomon is the founder and CEO of Mt. Pelerin, a bank that also helps companies with every step (or just some) of their own security token offering (STO). They can custom design security tokens, smart contracts and investor dashboards.
An authorized financial intermediary, Mt. Pelerin conducts KYC and AML checks. Based in Geneva, Mt. Pelerin can introduce companies to the Swiss banking system, offers currency exchange services, collects fiat funds and sends bank wires. Eventually Mt. Pelerin will be a fully compliant and regulated bank on the blockchain, where the entire balance sheet will be tokenized. Its bridging of traditional finance and cryptocommerce will provide crucial access to the new economy.
An engineer by training, Mr. Salomon has spent his entirecareer in finance before starting Mt. Pelerin close to four years ago. He wasfirst introduced to blockchain technology whilst a junior trader in 2008 andadmits he was mystified by it. Then the engineer in him took over and beganasking questions to which there were few good answers.
So he set out to find those answers and began asking himself some theoretical questions along the way. What is money? Why does it earn interest? Mr. Salomon studied Friedrich Hayek and other figures from the Austrian school and found many libertarians asking the same questions about who decides how money is created and disbursed.
“People don’t question inflation like it’s gravity,” Mr.Salomon noted. “It’s a human not a natural fact.”
Bitcoin was a huge revelation for Mr. Salomon. It answered most of his value creation questions and was designed to foster trust and true peer-to-peer interaction, he saidd. Then came Ethereum which offered smart contract capability. Soon Mr. Salomon was considering leaving a lucrative career to found Mt. Pelerin.
With improvements coming quickly in blockchain…
