Crypto Broker has been authorized as a securities house with a bilateral trading system by FINMA. Alongside Crypto Fund and Crypto Storage, Crypto Broker is one of the three subsidiaries of the Zug-based Crypto Finance Group, a leading digital asset enabler within the financial industry. According to a press release, the group intends to use this authorization to in future offer new products, services and trading options in accordance with FINMA regulations. Crypto Finance is hoping this will result in increased demand for digital asset trading solutions, as institutional clients could then place their trust in an established partner regulated by FINMA to set up and expand their business in the area of crypto and digital assets, the press release explains further. Crypto Broker contributed to the success of the group last year by handling assets worth over one billion US dollars.
“Getting the securities house license for our brokerage is a pivotal moment for us. It means that we will be able to offer our professional – and regulated – services to even more financial institutions, enabling them to enter this new asset class. The license also recognizes our team’s dedication and expertise”, comments Jan Brzezek, founder and CEO of the Crypto Finance Group, in the press release. Rupertus Rothenhäuser, CEO of Crypto Broker AG, was also quoted: “Today’s announcement marks a milestone in achieving the Crypto Finance Group vision: providing professional products and services for the evolving digital asset universe”. His company expects to achieve further growth over the course of this year.
Crypto Finance was founded in 2017 and is headquartered in Zug’s Crypto Valley. The aim of the start-up is to offer investors ease of access to crypto currency investments.