The Crypto Finance Group, a leading digital asset enabler for the finance sector, is pleased to announce that its brokerage subsidiary, Crypto Broker AG, has been granted a securities house licence by FINMA. 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. As demand accelerates, institutional clients can place their trust in an expert, licenced counterparty to expand their business into the crypto and digital asset space.
The Crypto Finance Group brokerage, 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 is recognition of the group’s consistently professional approach to crypto asset trading, liquidity provision, and innovation in financial services, making it 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.
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.
“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 adds
“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.”
About the Crypto Finance Group’s brokerage
The Crypto Finance Group’s brokerage services allow banks and institutional investors to participate in the emerging digital asset class with secure, liquid, and transparent trading. The brokerage offers investors professional 24/7 access and liquidity provision for the crypto asset markets via CAT, its algorithmic Crypto Asset Trader, as well as through REST and FIX APIs.