Crypto Finance AG has raised a total of 14 million Swiss francs as part of a Series B financing round, which was led by the Swiss investor Rainer-Marc Frey and the private equity fund Lingfeng Capital from Asia. In addition, existing investors from Europe and Asia were also involved. Including the latest round of financing, Crypto Finance has now successfully raised a total of 36 million Swiss francs overall so far.
Crypto Finance was founded in 2017 and is headquartered in Crypto Valley. The start-up has three subsidiaries in the form of Crypto Fund, Crypto Broker and Crypto Storage. The company’s overarching objective is to offer investors straightforward access to crypto-currency investments. It has already obtained a license as a distributor of collective investments from the Swiss Financial Market Supervisory Authority (FINMA). This allowed Crypto Finance to become the first cryptocurrency fund in Switzerland to market funds to eligible investors.
According to information from the company itself, Crypto Finance is planning to use the fresh capital to drive forward its international expansion plans. Among other regions, Asia will be the focus of these plans. To this end, Ming Shu from Lingfeng Capital may now also provide a helping hand to the start-up. According to the press release, he is to be nominated as a new member of the Board of Directors at the Annual General Assembly. According to Crypto Finance, Shu possesses a deep regulatory and financial industry network in addition to extensive operational experience with multinational financial institutions, such as Alibaba, for example.