Russian fully digital bank Tinkoff Bank has purchased a stake in a Swiss crypto service provider Aximetria from venture capital firm Digital Horizon, iHodl Russia has learned. TCS Group Holding, the parent company of Tinkoff Bank, purchased back 4,449 shares of Aximetria at a price of 100 Swiss francs per share (~$480,000 at the time of writing).
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Now the share of TCS Group in the Swiss company may amount to about 83%. Aximetria will develop as part of the international expansion of the Tinkoff Group in compliance with the requirements of the jurisdictions of international presence.
The Zug-based cryptocurrency firm received a license from the Swiss Financial Market Supervisory Authority in 2019. In April 2021, Aximetria added support for cryptocurrency purchase via Russian banks.
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