Swiss regulator issues first crypto asset management license

posted 7 days ago
Crypto Finance AG has obtained the same license as professional fund managers, as the country pushes to become a leader in the growing cryptocurrency industry. The Zug-based company can now manage and distribute, domestic and foreign funds, and provide advice to investors.

Chief Executive Officer Jan Brzezek said “...our aim is to accelerate maturity in these markets... FINMA authorization is an important acknowledgment of Crypto Fund, and for crypto assets around the world." Obtaining the license removes a hurdle for the company, allowing it to cater to institutional investors.
Tags: blockchain, bitcoin, news