First approval for crypto fund distribution

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18.06.2018
Bitcoin

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first license to Crypto Fund AG. The company can henceforth distribute collective investment schemes to qualified investors.

Crypto Fund AG is one of the three subsidiaries of Crypto Finance Group, a financial technology holding company offering blockchain-related services such as brokerage through Crypto Broker AG, storage (Crypto Storage AG) and asset management (Crypto Fund AG). The group aims to facilitate the implementation of blockchain technology in the global economy through a range of high-quality financial services.

As an asset-management company with employees with many years of experience in the field, Crypto Fund provides qualified and institutional investors safe and transparent access to the rapidly growing crypto assets space. This is achieved by investing directly and diversified in crypto assets.

Crypto Fund AG has now received approval from FINMA to pursue its activities as a distributor of collective investment schemes and gains the opportunity to distribute funds to qualified investors. With this license, Crypto Fund becomes the first crypto company in Switzerland to receive the FINMA approval.

"For us, getting the FINMA license is a big step in the right direction, to establish us as the first point of contact for crypto assets," concludes Jan Brzezek, CEO and founder of Crypto Fund AG.

 (Press release)

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