The Crypto Finance Group’s brokerage subsidiary, Crypto Broker AG, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority.
The licence will allow the Crypto Finance Group to begin offering new products, services, and trading platform features, which will all meet the standards warranted by prudential regulatory oversight.
This significant milestone caps a successful previous year for the group, with the brokerage trading over USD1 billion in assets in 2020 and poised for further growth.
This licence establishes further trust in the Crypto Finance Group: Crypto Broker AG is one of the few crypto brokers worldwide fulfilling the licensing requirements that securities firms active in the established financial markets do. Once effective, the licence also brings new business potential: the possibility to trade security tokens will bring continued growth with financial service clients for both specific products as well as complete core banking solutions.
“Getting the securities house licence 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 licence also recognises our team’s dedication and expertise,” says Jan Brzezek, founder and CEO of the Crypto Finance Group.
Rupertus Rothenhaeuser, CEO of Crypto Broker AG, says: “Today’s announcement marks a milestone in achieving the Crypto Finance Group vision: providing professional products and services for the evolving digital asset universe. Given last year’s exponential growth in digital asset operations with our clients, we expect continued business expansion in 2021.”
