Crypto Finance eyes Asian expansion after winning Swiss license

Swiss cryptoasset firm Crypto Finance says it will use its newly won regulatory approval as a platform for foreign expansion, most likely in Asia. The firm’s Crypto Fund unit was awarded an asset management license by the Swiss financial regulator on Tuesday. The license will allow Crypto Fund to sell cryptocurrency-linked collective investment schemes to institutional clients on the same footing as traditional asset managers in Switzerland. The Swiss Financial Market Supervisory Authority (FINMA) license was the first of its kind awarded to a cryptoasset company. “Before getting the license we were a start-up. Now we are a fully-fledged member of the regulated, established financial system,” Crypto Finance CEO Jan Brzezek told swissinfo.ch. “FINMA has exacting standards that are appreciated by other regulators around the world.” This gold-plated seal of approval should give the Zug-headquartered firm enough clout to persuade other jurisdictions to allow the company to set up ...

 
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