There is an insane loophole that makes Nu Global possible
Nu Global is not a bank. Not deposit-insured
Swiss law says: if a bank guarantees repayment + interest, the money is not a “deposit.” So a non-bank Swiss company can hold it
The catch: they can only market in Switzerland. You “came to them.” Reverse solicitation
One Swiss book. 35 countries. No local license. You don’t even own the coins. You own a claim on Nu Global AG
That’s how you custody globally without opening a bank everywhere
Genius. Might become the new standard for stablecoin neobanking