Credit Suisse launching Ethereum NFTs to support women's football

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• Credit Suisse is launching Ethereum NFTs with the Swiss Football Association

• Credit Suisse and the Swiss Football Association are launching an NFT collection to support women’s football. The Ethereum-based NFT collection consists of 756 digital art portraits of Swiss women’s national team players.

• Credit Suisse has partnered with the Swiss Football Association to launch an Ethereum-based NFT collection to support women's football in Switzerland. The NFT collection consists of 756 digital art portraits of Swiss women's national team players and will be on sale from July 11 to August 31, according to information on Credit Suisse's website. The NFTs will be sold exclusively via Credit Suisse's CSX app. "When we designed the offering, we consciously attempted to make it easy for the user to engage in the evolving NFT world," Daniel Gorrera, head of digital assets Switzerland at Credit Suisse, said in a statement shared with The Block. "This project also paves the way for the innovative use of digital assets in new types of financing and servicing models. Within this space, Credit Suisse is well positioned for issuing parties that are looking for regulated partners."

• The news marks Credit Suisse's entrance into the NFT space. Earlier this year, Credit Suisse led a $65 million Series B funding round for Swiss digital asset infrastructure company Taurus — one month before the Swiss bank was forcibly sold to rival UBS Group for $3.2 billion by Swiss authorities amid collapse fears in March. Taurus is also the technological partner of Credit Suisse's NFT marketplace in its CSX app. Specifically, Credit Suisse leverages Taurus-Capital for the issuance and lifecycle management of the Swiss Football Association NFTs and Taurus-Protect for the secure storage of the NFTs. Through Taurus's infrastructure, the NFTs have been deployed on the Ethereum blockchain network, according to the statement.