Adam Back, a prominent figure in the cryptocurrency space, has co-founded a new Bitcoin treasury startup based in Switzerland called Future. The company has successfully raised 28 million Swiss francs, equivalent to approximately $34.5 million, in a strategic funding round.

The funding round was led by Fulgur Ventures, Nakamoto, and Tobam. Future Holdings is positioning itself as Switzerland's premier Bitcoin treasury company. The company aims to provide secure custody and treasury management solutions for Bitcoin. This allows corporations to hold Bitcoin on their balance sheets with confidence.

Adam Back is a British cryptographer and cypherpunk. Back is also the CEO of Blockstream, a leading provider of Bitcoin and blockchain technologies. He is known for his early work on Hashcash, a proof-of-work system used in Bitcoin mining. Back's involvement in Future signals a strong commitment to advancing Bitcoin adoption and infrastructure.

Future's focus on Bitcoin treasury management addresses a growing need in the market. As more companies explore integrating Bitcoin into their financial strategies, the demand for secure and reliable custody solutions increases. Switzerland, with its established financial infrastructure and regulatory clarity, provides an ideal location for such a venture.

The successful funding round demonstrates strong investor confidence in Future's vision and team. With the backing of notable firms like Fulgur Ventures, Nakamoto, and Tobam, Future is well-positioned to capitalize on the increasing demand for Bitcoin treasury services. The company's launch comes at a time when institutional interest in Bitcoin is steadily growing, making its services highly relevant to the market.