FINMA, the Swiss financial regulator, issues the first crypto asset management license for Crypto Finance, which will allow it to operate as traditional organizations managing financial assets.
“The importance of crypto assets is growing and our aim is to accelerate maturity in these markets. Regulatory recognition remains highly sought after by participants, as seen in recent press and company statements,” said Jan Brzezek, Crypto Finance CEO.
Crypto Fund was set up in June 2017 and is headquartered in Zug. The company provides asset management and storage services.
Now Crypto Finance will be able to issue a wider range of collective investment products that track Bitcoin and other cryptocurrencies, including funds based in Switzerland. Crypto Fund is also allowed to provide investment advice for institutional clients.
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