FINMA, the Swiss financial regulator, granted the first license to manage cryptocurrency assets of Crypto Finance, this license will allow it to act as an organization managing traditional financial assets.
Switzerland has consistently taken positive steps towards a rapidly developing cryptocurrency market.
Crypto Finance was established in June 2017 and is headquartered in Zug. The company provides asset management and storage services.
Jan Brzezek, general manager of Crypto Finance, shared his opinion with the local media channel:
“The importance of cryptocurrency assets is growing, and our goal is to accelerate the maturity of these markets. Regulatory regulation remains the main issue for market participants, this is clearly seen from the statements of companies in the press. ”
With the new license, Crypto Finance will be able to release:
"… a wider range of collective investment products that track Bitcoin and other cryptocurrencies, including funds based in Switzerland."
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