SwissBorg (BORG): how it works, supply and reviews
In short
- Type
- Custodial crypto investment app and exchange aggregator (Smart Engine) with its own BORG token
- Fee burn
- Exchange fees fund weekly BORG buybacks; an extra quarterly buyback is partly burned after a community vote
- Risks and caveats
- Custodial service: crypto in the app is held by SwissBorg, not in a user-held wallet.
- Checked
- 31 October 2026
Visitor ratings: do you like SwissBorg?
Key facts
- Ticker
- BORG
- Official site
- swissborg.com
Key facts checked on 31 October 2026 against official sources.
What is SwissBorg
SwissBorg is a mobile app for buying, selling and earning yield on crypto that routes orders across several exchanges. In the EEA, UK and Switzerland it is operated by BlockNodes SAS, authorised under MiCA by France's AMF; the app is owned by SBorg SA in Lausanne. Its BORG token gives cashback, loyalty ranks and governance votes.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Custodial crypto investment app and exchange aggregator (Smart Engine) with its own BORG token |
| Runs on | BORG is an ERC-20 token on Ethereum and was bridged to Solana in June 2024 |
| Launched | SwissBorg app with fiat gateway launched in March 2020 |
Supply and issuance
| Parameter | Details |
|---|---|
| Fee burn | Exchange fees fund weekly BORG buybacks; an extra quarterly buyback is partly burned after a community vote |
| Fee burn | 14.5 million BORG burned since April 2021, 1.45% of total supply (as of 31 October 2026) |
What BORG is used for
- Locking BORG raises the user's Loyalty Rank, which increases cashback on trading fees and yields
- Voting in SwissBorg governance
- Priority access to private token sales (Alpha)
Who develops and governs SwissBorg
- Company
- SBorg SA (Lausanne, CHE-198.086.882) owns the SwissBorg app and website
- Legal entity
- BlockNodes SAS (Paris, RCS 929 022 002) holds MiCA authorisation A2026-011 from the AMF, dated 5 March 2026
- Legal entity
- EEA, UK and Swiss users were migrated from SwissBorg Solutions OÜ (Estonia) to BlockNodes SAS on 22 June 2026
- Founders
- Cyrus Fazel is SwissBorg CEO and founder
- Headquarters
- Offices in Lausanne, Paris and Tallinn
History
| Date | Event |
|---|---|
| December 2017 | SwissBorg raises $52 million in an ICO. |
| March 2020 | The SwissBorg app launches with a fiat gateway, Smart Engine and Smart Yield. |
| November 2020 | SwissBorg obtains a virtual currency licence in the EU via Estonia. |
| October 2023 | The CHSB token migrates to BORG. |
| 8 September 2025 | A breach at staking provider Kiln causes the loss of about 193,000 SOL from SwissBorg's SOL Earn programme. |
| 5 March 2026 | BlockNodes SAS is authorised as a crypto-asset service provider under MiCA by the AMF (A2026-011). |
Security and audits
- Custody uses MPC (multi-party computation) keyless technology.
- Proof of Liabilities lets users verify that their balances are included in SwissBorg's total liabilities.
- User funds are segregated from company assets, according to SwissBorg.
- In September 2025 about 193,000 SOL in the SOL Earn programme were lost through a breach at staking provider Kiln; SwissBorg says its own infrastructure was not breached.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 8 September 2025 | Counterparty exposure: Third-party breach: attackers who compromised staking provider Kiln's API injected instructions into an unstaking transaction and took control of over 192,000 SOL from SwissBorg's SOL Earn programme (under 1% of users). SwissBorg says its own infrastructure was not breached. Funds returned: SwissBorg set up a Solana Support Grant: a first grant of about $4 million from 17 December 2025, with the affected position written down by 97.7675% and the remaining 2.2325% returned; further grants depend on market conditions and treasury needs. | swissborg.com |
Official BORG contracts
| Network | Contract address |
|---|---|
| Ethereum | 0x64d0f55Cd8C7133a9D7102b13987235F486F2224 |
BORG on Ethereum (address linked from the official BORG burn list); a Solana version exists since June 2024.
Risks and caveats
- Custodial service: crypto in the app is held by SwissBorg, not in a user-held wallet.
- Crypto-assets are not covered by deposit or investor guarantee schemes.
- Third-party providers can cause losses, as the 2025 Kiln breach showed; affected users were offered grants rather than full repayment.
- Services are not available in the USA.
Official links
- Website: swissborg.com
- Blog: swissborg.com/blog
- Docs: help.swissborg.com/hc/en-gb
- Governance forum: swissborg.com/buy-borg
Questions and answers
What is SwissBorg?
A custodial crypto app that routes trades across several exchanges, offers earn products and has its own BORG token; it is available in 47 countries.
Is SwissBorg regulated?
Yes. Its EEA, UK and Swiss operator BlockNodes SAS is authorised under MiCA by France's AMF (A2026-011, 5 March 2026).
What happened to CHSB?
The CHSB token migrated to BORG in October 2023.
Was SwissBorg hacked?
On 8 September 2025 about 193,000 SOL in the SOL Earn programme were lost through a breach at staking provider Kiln; SwissBorg says its own systems were not breached and runs a support-grant programme.
Is SwissBorg available in the US?
No. SwissBorg says its services are not available in the USA.
Sources
- SwissBorg - Home
- SwissBorg - About us
- SwissBorg - BORG token
- SwissBorg - Terms of Use (website)
- SwissBorg blog - Fully MiCA compliant (20 June 2026)
- AMF - White list: BLOCKNODES SAS
- SwissBorg blog - Security and trust
- SwissBorg blog - Kiln breach security update (17 November 2025)
- SwissBorg blog - Solana Support Grant (15 December 2025)
- SwissBorg on X - SOL Earn incident (8 September 2025)
- SwissBorg - List of risks
More in this section
- Blackcoin (BLK)
- BitCore (BTX)
- Origin Protocol (OGN)
- Decred (DCR)
- Nano (XNO)
- DMarket (DMT)
- All Crypto projects →
How voting works
Votes are anonymous and carry no text. Each device has one vote per item; press the same button again to remove it. Cloudflare Turnstile checks that a person is voting. We keep a random device ID in a cookie and a salted hash of the IP address to limit abuse — no names, no accounts. Votes are visitors’ opinions, not investment advice.
Page updated: