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Digital Wave Finance AG, DWF Labs and Andrei Grachev

Darley Technologies AG, the sister company

Darley Technologies AG was registered in Zug in May 2021 with share capital of CHF 1 million paid in with 30 bitcoin, and Michael Rendchen and Marco Schweizer on its board; since October 2022 Clément Florentin has chaired it, with Marco and Remo Schweizer as members. From June 2023 it shared Digital Wave Finance AG's registered address, until June 2026, and the same purpose wording, until September 2025, and the two recruit through the same careers account. Florentin describes them as sister companies with largely the same teams, and the cryptocurrency news outlet reported that Darley's website listed DWF Labs as a liquidity provider until late 2023.

published
17 oct 2026
records as of
07 oct 2026
entities
66
sources
85
cite entities.csv

1In the register

analysisDarley Technologies AG (CHE-148.754.173; also Darley Technologies SA and Darley Technologies Ltd.) was entered in the Zug commercial register on 6 May 2021 under articles of 15 April 2021. At its foundation it took over 30.0464807 bitcoin under a contribution-in-kind agreement of 15 April 2021, issuing in return 100,000,000 registered shares of CHF 0.01, for a fully paid share capital of CHF 1,000,000. Its original purpose was trading financial instruments in its own name and for its own account, software development and holding participations. Its founding board consisted of Michael Rendchen as chair and Marco Schweizer as member, each with individual signing authority. With entry 2 (19 October 2022) Rendchen left, Clément Florentin became chair and Remo Schweizer a member, both with joint signing authority, and Marco Schweizer's signing authority became joint. As of 7 October 2026 the board consists of Florentin, Remo Schweizer and Marco Schweizer. 1

analysisDarley's registered address was Unter Altstadt 20 in Zug until entry 3 (20 June 2023), then Aabachstrasse 8, 6300 Zug, the registered address of Digital Wave Finance AG from the same month, until entry 5 (15 June 2026); it is now Gotthardstrasse 2, 6300 Zug. Entry 3, based on articles dated 5 June 2023, the same date as Digital Wave Finance AG's amended articles, also gave Darley a purpose identical in wording to that company's 2023 purpose: IT services and software development, in particular for financial-market companies, the sale of its own software products and the operation of platforms. With entry 4 (19 September 2025; articles of 10 September 2025; SHAB 24 September 2025) the purpose became developing, marketing, distributing and licensing software, in particular for use on blockchains and in digital applications, buying and selling digital assets, and trading non-standardised, bespoke over-the-counter derivatives on digital assets and blockchain technology. A search of the Swiss Federal Supreme Court's decision database for the exact name "Darley Technologies" on 7 October 2026 returned no decisions; because the court anonymises parties in published decisions, the empty result does not exclude proceedings. 1 2 3 4

sources in this section

  1. Commercial register extract: Darley Technologies AG (CHE-148.754.173) Commercial Register Office of the Canton of Zug · 7 Oct 2026
  2. Commercial register extract: Digital Wave Finance AG (CHE-339.148.394) Commercial Register Office of the Canton of Zug · 7 Oct 2026
  3. Corporate registry source · src-044 identified by category only · Corporate registry
  4. Swiss Federal Supreme Court decision search: "Darley Technologies" Swiss Federal Supreme Court · 7 Oct 2026

2Two brands with the same teams

analysisAccording to the cryptocurrency news outlet, in 2020 Marco Schweizer asked his former IMC colleague Clément Florentin to work with him, and they agreed that Digital Wave Finance would continue to focus on spot and futures trading, while Florentin would build his own brand, Darley Technologies, for options, exotic derivatives and requests for quotes. In a podcast interview Florentin said: "That's the reason why we have two brands but then the teams are a bit the same," describing the two as sister companies and "one big family"; that is Florentin's own description, quoted by the cryptocurrency news outlet. The cryptocurrency news outlet reported that Darley was set up in 2021 with 30 bitcoin in starting capital, when bitcoin traded at around $60,000, and named Marco Schweizer and Rendchen as founding shareholders according to company records; a person familiar with the matter said Marco Schweizer had intended to invest around $1 million to pay salaries in the early days. The register records the bitcoin contribution in kind and the founding board but does not name shareholders, and the $1 million figure comes from an unnamed person. 1

analysisIn February 2023, the cryptocurrency news outlet reported citing his professional profile, Sylvain Barbezange, then head of OTC trading at Darley Technologies, moved to Digital Wave Finance as Head of Institutions. The cryptocurrency news outlet also reported that Darley's website showed DWF Labs as a liquidity provider until shortly before December 2023, when the page was removed, and that Darley's investment arm Darley Labs had invested in OpenEden, the firm co-founded by Eugene Ng; the website pages are described by the cryptocurrency news outlet and not retained here. Digital Wave Finance AG and Darley Technologies AG recruit through the same Workable careers account: a Rust developer vacancy for low-latency trading in Zug, posted there on 20 July 2026, lists "Darley Technologies AG" as its department and begins with a description of Darley. A shared recruitment account shows common administration of hiring; it does not by itself show ownership or control. 1 2 3

sources in this section

  1. Media source · src-002 identified by category only · Media
  2. Company statement source · src-085 identified by category only · Company statement
  3. Company statement source · src-084 identified by category only · Company statement

Recorded connections

  • Michael Rendchen to Darley Technologies AGFounding chair of the board with individual signing authoritydocumented · 06.05.2021 – 19.10.2022 · historical
  • Michael Rendchen to Darley Technologies AGFounding shareholder (as reported by the cryptocurrency news outlet from company records)reported · from 2021 (as reported); left the board in October 2022 · current or historical not established
  • Marco Schweizer to Darley Technologies AGBoard member (individual signing authority at foundation, joint signing authority since October 2022)documented · since 06.05.2021 (as of 07.10.2026) · current at the evidence cutoff
  • Marco Schweizer to Darley Technologies AGFounding shareholder (as reported by the cryptocurrency news outlet from company records)reported · from 2021 (as reported) · current or historical not established
  • Clément Florentin to Darley Technologies AGChair of the board with joint signing authoritydocumented · since 19.10.2022 (as of 07.10.2026; October 2022 per the cryptocurrency news outlet) · current at the evidence cutoff
  • Remo Schweizer to Darley Technologies AGBoard member with joint signing authoritydocumented · since 19.10.2022 (as of 07.10.2026; October 2022 per the cryptocurrency news outlet) · current at the evidence cutoff
  • Sylvain Barbezange to Darley Technologies AGHead of OTC trading (as reported by the cryptocurrency news outlet from his professional profile)reported · until 2023-02 (as reported) · historical
  • Darley Technologies AG and Digital Wave Finance AGSister company with largely the same teams, according to Darley's chair Clément Florentinreported · from 2020 (as reported) · current or historical not established
  • Darley Technologies AG and Digital Wave Finance AGSame registered address (Aabachstrasse 8, 6300 Zug)documented · 20.06.2023 – 15.06.2026 (Darley entries 3 to 5) · historical
  • Digital Wave Finance AG and Darley Technologies AGRecruit through the same Workable careers account (Darley listed as a department in Digital Wave Finance AG's account)documented · vacancy posted 2026-07-20 · current at the evidence cutoff
  • Darley Technologies AG to DWF LabsListed DWF Labs as a liquidity provider on its website (as reported by the cryptocurrency news outlet)reported · until 2023 (as reported) · historical
  • Darley Technologies AG to OpenEdenInvestor through its arm Darley Labs (as reported by the cryptocurrency news outlet)reported · 2023 (as reported) · current or historical not established

cite this dossier

DossierTwist, “Digital Wave Finance AG, DWF Labs and Andrei Grachev”, dt.012, 17 October 2026, https://dossiertwist.com/dossiers/digital-wave-finance/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

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