Crypto Finance AG Gets Switzerland’s FINMA License For Crypto Fund Distribution
Crypto Fund AG Acquires the FINMA License
Crypto Finance AG is a company whose main mission is to provide financial technology. The company that was formed in June 2017 announced that Fund AG one of its subsidiary received a FINMA license. The license will give the subsidiary the authority to be an official agent for distributing investment schemes. It will also enable the subsidiary distribute funds to the identified investors.
The FINMA license will make Crypto Fund AG be the first organization in country to hold such an authorization. Apart of Crypto Fund AG, Crypto Finance AG has two other subsidiaries that are the Crypto Storage AG focused on storage and Crypto Broker AG specialized in brokerage.
The Enthusiasm behind the FINMA License
Mathias Maurer, the chief operating officer of Crypto Fund AG stated that all the employees working at the subsidiary bring in many years of experience in the management of assets. Asset management refers to a company that is specialized in close monitoring and maintenance of assets belonging to a group of people. The authorization of the subsidiary through the FINMA license will enable it to disburse assets to all qualified distributors.
The leadership at fund’s subsidiary was enthusiastic about the award of the license as they saw a bright future ahead. This will be the first time when the subsidiary will have contact with the crypto assets. The subsidiary is also part of the VQF which is a regulatory body in Switzerland.