Skip to main content ITU
ITU
  • Dk
  • Vacancies
  • Press
  • ITU Alumni
  • News
  • Events
  • Contact
  • About ITU
  • Dansk
  • About ITU
x
  • Programmes
    • BSc Programmes
      • BSc in Global Business Informatics
      • BSc in Digital Design and Interactive Technologies
      • BSc in Software Development
      • BSc in Data Science
      • Applying for a BSc Programme
      MSc Programmes
      • MSc in Data Science
      • MSc in Digital Innovation & Management
      • MSc in Digital Design and Interactive Technologies
      • MSc in Computer Science
      • MSc in Software Design
      • MSc in Games
      • Applying for an MSc Programme
      Student Life
      • Meet some of our international students
      • Women in tech
      • Student Organisations at ITU
      • Labs for students
      • Practical Information for International Students
      • Study Start
      • Study and Career Guidance
      Guest Students
      • Who can be a Guest Student
      • ITU Summer University
      • Exchange Student
        • Become an exchange student at ITU
  • Professional Education
    • Master in IT
      • Master in IT Management
      Single Subjects
      • About single subjects
      Contact
      • Contact us here
  • Research
    • Departments
      • Business IT Department
      • Computer Science Department
      • Digital Design Department
      • Research Groups and Labs
        • Research Groups
        • Labs
      Research Centres
      • Centre for Computer Games Research
      • Center for Computing Education Research
      • Centre for Digital Welfare
      • Centre for Information Security and Trust
      • European Blockchain Centre
      • Research Centre for Government IT
      • Research Ethics and Integrity
        • Good Scientific Practice
      Selected Research Themes
      • Artificial intelligence
      • Big Data
      • Computer games
      • Blockchain
      • Digitalization
      • IT security
      • Find a Researcher
        • Faculty Search
      PhD Programme
      • About the PhD Programme
      • Available PhD Positions
      • PhD Courses
      • PhD Defences
      • Technical Reports
        • Technical Reports
  • Collaboration
    • Collaboration with students
      • Project collaboration
      • Student worker
      • Project market
      • ITU job and project bank
      • Portraits of ITU graduates
      Employer Branding
      • IT Match Making
      • Hiring an ITU student or graduate
      • Make a post in the job bank
      Research collaboration
      • Industrial PhD
      Innovation and entrepreneurship
      • ITU Business Development
      • Startup stories
  • Programmes
    • Homepage: Programmes
    • BSc Programmes
    • MSc Programmes
    • PhD Programme
    • Student Life
    • Guest Students
    • Exchange students
  • Professional Education
    • Homepage: Professional Education
    • Master in IT
    • Single subjects
    • Contact
  • Research
    • Homepage: Research
    • Research Departments
    • Research Ethics and Integrity
    • Good Scientific Practice
    • Research Groups and Centers
    • Labs
    • Technical Reports
    • PhD Programme
    • Center for Digital Welfare
  • Collaboration
    • Homepage: Collaboration
    • Employer Branding
    • Collaboration with students
    • Research collaboration
    • Industrial PhD
    • Employer Branding
    • Innovation and entrepreneurship
  • Shortcuts
    • Vacancies
    • Press
    • ITU Alumni
    • News
    • Events
    • Contact
    • About ITU
  • Dansk
New student startup wants to make buying cryptocurrencies easy
ITU  /  Press  /  News from ITU  /  New student startup wants to make buying cryptocurrencies easy

New student startup wants to make buying cryptocurrencies easy

Students Julien Protain and Samy Tessier have founded Clockwork Trader – a platform that will give Danes easier and cheaper access to buying cryptocurrencies like bitcoin and Ethereum. The company has received an investment of DKK 225,000 kroner from ITU Business Development and Syddansk Innovation and is planning to launch later this year.

EntrepreneurshipstartupsfintechBlockchainITU Business Development

Written March 20, 2018 11:08 AM by Vibeke Arildsen

Cryptocurrencies have become widespread in the past year, but investing in them is still both costly and inconvenient. With the new platform Clockwork Trader, two students want to make trading with digital currencies like Bitcoin, Ethereum and Litecoin easier for the Danes.

"We want to make cryptocurrencies available to anyone who wants to try them. To do this, we need to offer easy-to-use payment methods, and therefore our users will have the opportunity to purchase digital currencies quickly and easily in Danish kroner without paying high fees," says co-founder Samy Tessier.

Both he and his business partner Julien Protain are French - the two met each other at the French-speaking Prince Henriks School in Copenhagen. Today, Samy studies mathematics at the University of Copenhagen, while Julien studies Global Business Informatics at the IT University of Copenhagen in addition to running their startup project for the past year.

Not another crypto exchange

Rent-free office space is one of the perks of ITU's Startup Programme.
The original idea behind ​​Clockwork Trader was to develop a platform that allows users to buy stocks with cryptocurrencies, and offering this service is still their long-term goal. However, a license from the Danish FSA, which will take at least a couple of years to obtain, the two entrepreneurs estimate. They are already in dialogue with the Danish FSA about how to comply with all legal requirements.

"The end goal is not to become yet another crypto exchange, because this already a saturated market. In its current form, the platform is a stepping-stone and a source of income on the way to the final product," says Samy Tessier.

As participants in ITU's Startup Programme, the two students have received support from professional business developers and mentors like ITU Professor Roman Beck. They are hoping to be ready for launch later this year. 

First investment in a new collaboration

Clockwork Trader is the first student startup to receive an investment through a new collaboration between ITU Business Development and Syddansk Innovation. The total investment is DKK 225,000. In addition, the two entrepreneurs will get access to experienced business developers.

"We have chosen to invest in Clockwork Trading because they have the potential to add breadth to the cryptocurrency investment market. In addition, we would like to support a platform with a high focus on working within the framework of the EU and the Danish FSA," says Frederik Braad, Investment Manager at Syddansk Innovation.

ITU Business Development is looking forward to the new collaboration with Syddansk Innovation, which opens up new opportunities for students who want to start their own business.

"We are very pleased with the cooperation with Syddansk Innovation, which has extensive expertise and network in product development and prototypes. In addition, promising student companies that have completed ITU's Startup Programme can potentially gain access to an investment of up to DKK 200,000 from Syddansk Innovation, giving the students a unique opportunity to develop their business during their studies," says Vlad Gidea, Program Coordinator at ITU Business Development.

Bringing the world closer together

The recent fluctuations in the price of bitcoin – the most well-known cryptocurrency – has prompted much skepticism about digital currencies. However, the two Clockwork Trader founders still see enormous potential in digital currencies and, in particular, the underlying blockchain technology.

»

Blockchain technology, which is behind the cryptocurrencies, can potentially make the middle men in the banking world superfluous when transferring money from one continent to another.

Julien Protain, co-founder of Clockwork Trader

«
They emphasize that the goal of Clockwork Trader is not to encourage speculating in cryptocurrencies. Instead, they hope to unleash the potential of digital currencies for bringing the world closer together.

"When I send money home to France through the bank it takes 2-5 days and costs me 20 kroner each time. With cryptocurrencies, people can send money to other countries in 10 minutes without paying bank fees. Blockchain technology, which is behind the cryptocurrencies, can potentially make the middle men in the banking world superfluous when transferring money from one continent to another," Julien says.

Further information

Vibeke Arildsen, Press Officer, phone 2555 0447, email viar@itu.dk

News

New report: Cybersecurity is underprioritized in Danish companies

New report: Cybersecurity is underprioritized in Danish companies

January 12, 2021

Danish companies consider cybersecurity important, but at the same time underprioritize it, shows a new report by researchers at the IT University of Copenhagen and University of Southern Denmark. Part of the explanation is that senior managers have little knowledge about the cybersecurity threats, say the researchers behind the report.

ITU's "Blockchain Professor" gets international top rankings

ITU's "Blockchain Professor" gets international top rankings

December 22, 2020

According to two international rankings, Professor Roman Beck is among the most important researchers in his field.

Notification of security breach

Notification of security breach

December 16, 2020

A file containing personal information about censors and a number of employees has been accessible on one of ITU's internal network drives. The security breach has been reported to the Danish Data Protection Agency, and the persons affected have been notified.

Study: Female researchers rival men in productivity – but have shorter careers

Study: Female researchers rival men in productivity – but have shorter careers

November 30, 2020

A comprehensive study of the careers of 1.5 million researchers shows that women and men on average produce the same number of scientific articles annually, but that women tend to leave their research careers earlier. According to ITU researcher Roberta Sinatra, co-author of the study, the study should inspire decision-makers to take a closer look at the reasons why women leave academia.

The IT University plays a vital role in the newly established National Centre for Research in Digital Technologies

The IT University plays a vital role in the newly established National Centre for Research in Digital Technologies

November 26, 2020

The Innovation Fund Denmark has granted DKK 100 million for the establishment of a national research centre in digital technologies, led by a consortium of seven Danish universities and the Alexandra Institute.

An insightful coffee break: ITU launches a line of talks on digital transformation

An insightful coffee break: ITU launches a line of talks on digital transformation

November 12, 2020

In a new series of live streamed talks, the IT University will present new perspectives on IT to professionals working with digitalisation and transformation. Under the headline ITU ESPRESSO, the series will go off as a line of concentrated coffee breaks. These talks will keep you abreast and expand your knowledge of what is on the future-facing agenda of digitalisation.

ITU launches action plan for gender diversity among employees

ITU launches action plan for gender diversity among employees

November 12, 2020

With a new action plan, the IT University of Copenhagen will work systematically and strategically to promote gender diversity by ensuring equal opportunities for all employees.

Software students win award for educational game about tech monopolies

Software students win award for educational game about tech monopolies

November 11, 2020

Lily Li and Olivia Winkel finished their bachelor's degree in Software Development with a project on computer games as a learning tool. The thesis has just received FA’s bachelor award - with the recognition comes a check for DKK 30,000.

New Dean of Education at ITU

New Dean of Education at ITU

November 9, 2020

The IT University of Copenhagen has appointed Pernille Rydén as Dean of Education as of January 1, 2021.

Lectures by live radio: Pandemic paves the way for new teaching methods

Lectures by live radio: Pandemic paves the way for new teaching methods

November 5, 2020

The logistical challenges that come with the corona restrictions have spurred creativity among ITU’s teachers. This semester, half of the lectures in the course ‘Navigating Complexities’ have been transformed into a live radio show complete with news, discussions and music breaks. The radio format provides new opportunities to convey complex knowledge to the students, the teachers say.

IT University of Copenhagen launches new center to do research on how to boost digital competences among students

IT University of Copenhagen launches new center to do research on how to boost digital competences among students

October 27, 2020

Many people get nervous even at thought of learning about computing, e.g., a programming language. But does it really have to be that way? Join the official opening of Center for Computing Education Research at the IT University of Copenhagen on Thursday November 5th and learn more about how we can ensure that students get competent in computational thinking.

ITU launches master’s programme in Data Science

ITU launches master’s programme in Data Science

October 21, 2020

Starting next summer, the IT University of Copenhagen will be offering a two-year master’s programme in Data Science. Future graduates will be highly sought after in the industry, which is currently experiencing a shortage of specialists who are able extract valuable knowledge from vast amounts of data.

Sexism and sexual harassment in academia need to end

Sexism and sexual harassment in academia need to end

October 9, 2020

Statement from Martin Tvede Zachariasen, Vice Chancellor at the IT University of Copenhagen.

The IT University is coordinating new European expert training in underwater robots

The IT University is coordinating new European expert training in underwater robots

October 5, 2020

In the next four years, professor at the IT University, Andrzej Wasowski, will be leading a new expert training program focusing on the development of /developing underwater robots in order to make them reliable so that we can use them for critical tasks like fighting pollution. The program is funded by an EU grant of 30 mio. DKK.

ITU bachelor's system to identify informative Corona tweets in top rank

ITU bachelor's system to identify informative Corona tweets in top rank

September 30, 2020

Competing with academics and IT professionals from all over the world, Anders Giovanni Møller shared first place in developing a system to identify Corona-related tweets.

Oxford University's Bent Flyvbjerg and ITU establish IT programme management research collaboration

Oxford University's Bent Flyvbjerg and ITU establish IT programme management research collaboration

September 25, 2020

The Oxford Major Programme Management research group starts collaboration with the ITU Research Centre for Government IT. The collaboration will, among other things, investigate the performance of IT projects.

Bent Flyvbjerg to be awarded ITU’s first honorary doctorate

Bent Flyvbjerg to be awarded ITU’s first honorary doctorate

September 1, 2020

Bent Flyvbjerg, Professor and Academic Lead of Oxford University’s research and education programmes in Major Programme Management, is known for his groundbreaking research in the management of large-scale projects, including in the field of IT. The IT University of Copenhagen is the youngest of Denmark’s eight universities, and specialized in research and higher education in IT.

ITU Professor in Prestigious Journal: Game Technology Can Improve AI-Development

ITU Professor in Prestigious Journal: Game Technology Can Improve AI-Development

August 6, 2020

Professor Sebastian Risi publishes paper in Nature Machine Intelligence on how to improve training of robots with popular video game technology.

The Danish Ministry of Defence funds two projects at The IT University of Copenhagen

The Danish Ministry of Defence funds two projects at The IT University of Copenhagen

July 10, 2020

The national ICT-security authority under the Danish Ministry of Defence, The Danish Centre for Cyber Security, has funded two new projects at ITU's Center for Information Security and Trust (CISAT). Both projects support the national ambition of raising the level of cybersecurity in private and public companies.

New Study: User-based surveillance is not effective against fake-news

New Study: User-based surveillance is not effective against fake-news

July 6, 2020

The defence against fake news, to a large extent, relies on the social media users identifying and "flagging" suspicious stories, but are we, the users, really capable of doing that? No, a new study concludes.

Contact us

Phone
+45 7218 5000
E-mail
itu@itu.dk

All contact information

Web Accessibility Statement

Find us

IT University of Copenhagen
Rued Langgaards Vej 7
DK-2300 Copenhagen S
Denmark
How to get here

Follow us

ITU Student /
Privacy /
EAN-nr. 5798000417878/
CVR-nr. 29 05 77 53

This page is printed from http://212.97.130.100/