Crypto Finance AG becomes Asset Manager-Crypto Finance AG has got the license of an Asset manager of collective investment schemes from Switzerland’s financial regulator called FINMA. Similarly, This will allow the company to offer both services and investment advice to business clients. Who are curious in the blockchain-based asset class. Now the firm can issue a variety of collective investment products of Bitcoin and cryptocurrencies.
“The importance of crypto assets is growing and our aim is to accelerate maturity in these markets,”
Said by Jan Brzezek, CEO of Crypto Finance AG.
Crypto Finance AG has divided its business into three segments. Likewise, those are Crypto Fund AG, this holds Asset management. Crypto Broker AG, which is an intermediary for potential and institutional investors. Crypto Storage AG, which gives a proprietary solution for storing private keys.
Startups are growing rapidly
Crypto Finance AG becomes Asset Manager-Many other cryptocurrency companies are in line to get the license from FINMA after Crypto Finance AG. has become the country’s first company to get a license the from Swiss Financial Regulator as the country aims to become a leader in the growing virtual-currency industry.
One of such is Seba Crypto AG, which raised more than $100 million. Which is for building a regulated crypto bank through private and institutional investors.
Similarly, Alprockz (Swiss company) recently revealed its plan to raise funds for developing a financial platform through its exclusive cryptocurrency called ROCKZ(RKZ) backed by the Swiss Franc in 1:1 ratio.
Crypto Finance AG is the Zug-based startup looking for approval from FINMA. Which wants to start traditional and crypto banking services to its target audience. Furthermore, This acceptance from FINMA will allow the startup to organize crypto trading and investment for banks and investors. It also allows them to provide corporate financing services such as technical guidance on ICOs. Meanwhile, it will provide crypto services to consumers other than offering banking services to corporate clients.
The country’s Crypto Valley
Switzerland is aiming to become the number one cryptocurrency industry in the world by attracting crypto investors in a lakeside region of Zug (a town in Switzerland) which is recognized for its low corporate taxes called as “Crypto Valley.” The Country ’s financial regulator is also issuing guidelines which are favorable to the crypto-based companies to raise funds by selling their exclusive cryptocurrency.