Crypto Finance Group: Swiss Financial Market Authority grants license as a securities firm
With the approval as a securities firm issued by the Swiss financial market regulator Finma, the Swiss crypto service provider Crypto Finance can significantly expand its portfolio.
The Swiss Crypto Finance Group has received approval as a securities firm from the Swiss Financial Market Supervisory Authority Finma, according to a message from the company on February 1.
Trading of security tokens as a new business area
The securities house license of the subsidiary Crypto Broker AG, the brokerage division of the corporate group, was issued. The approval as a securities house enables Crypto Broker AG to expand the previous trading of crypto currencies and other crypto tokens to security tokens. This is particularly important with regard to institutional customers, writes Crypto Finance.
Jan Brzezek, founder and CEO of the Crypto Finance Group, sums up the importance of recognition as a securities firm as follows:
“Receiving the approval as a securities firm for the Crypto Broker is a decisive step for us. This enables the use of our professional – and regulated – services for financial institutions. We can therefore support you in entering and expanding into this new asset class. At the same time, this is a recognition of the commitment and expertise of our team. “
Connection to the banking sector
The trading possibility of security tokens should make the offer for banks connected to the trading system of the Crypto Finance Group even more attractive in the future. As this a few days ago announced , was implemented Avaloq’s own brokerage solution for Crypto Assets successful in various bank customers of the partner in a partnership with the banking software provider.