The Crypto Finance Group announced that its brokerage subsidiary has been granted a securities house licence by FINMA. The licence will allow the Crypto Finance Group to begin offering new products and serviceswhich will all meet the standards warranted by prudential regulatory oversight.
Crypto Broker AG, the Crypto Finance Group brokerage, has been granted a licence as a securities house with a bilateral trading facility by FINMA, the Swiss Financial Market Supervisory Authority. The licence is recognition of the group’s consistently professional approach to crypto asset trading, liquidity provision, and innovation in financial services.
“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.” – Jan Brzezek, founder and CEO of the Crypto Finance Group.
Demand for digital assets is on the rise
The group thus becomes a business-to-business partner of choice for institutional investors and leading financial players. This significant milestone caps a successful previous year for the group, with the brokerage trading over USD 1 billion in assets in 2020 and poised for further growth.
“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.” – Rupertus Rothenhaeuser, CEO of Crypto Broker AG.
This licence establishes further trust in the Crypto Finance Group: Crypto Broker AG is one of the few crypto brokers worldwide fulfilling the licencing 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.