Crypto companies have not yet acted in the asset management sector of Switzerland. However, this could change now. The approval of Crypto Fund AG as asset manager is a first step towards market liberalization.
Financial Supervisor favors Innovation
Many companies in the crypto industry have long been demanding for what they call the equal treatment with financial service providers in the classic niches of the financial market. The subsidiary of Crypto Finance AG, Crypto Fund AG, could now become a pioneer in this area.
The provider is the first representative of the sector, which is now authorized by the Swiss Financial Market Supervisory Authority FINMA as an asset manager (on the basis of the so-called Collective Investment Schemes Act). For some years, Swiss supervision has been increasingly open to new directions, as the guidelines for ICOs published some time ago have shown.
Crypto Fund AG – fund service provider with extensive portfolio
In the opinion of many experts, the company is one of the most promising fund managers in Switzerland. For the parent company Crypto Finance Group, this is a very important signal and of great importance to investors, customers and the company itself. Those interested in digital assets could increasingly use fund products that may well be capitalized on by this and other vendors. They may soon receive FINMA approval Invest in currencies like Bitcoin, or emerging new coins like Tezos or Monero.
On equal terms with “traditional” fund providers
For the Crypto Finance subsidiary, development is particularly important because it can now work on equal terms with Swiss and foreign fund managers in terms of regulation. The approval can be seen in the company as confirmation of the successful work since 2017. The aim of the company is faster establishment of the still young asset class of Digital Assets. For its part, Switzerland could become the trigger for improvements in the recognition of cryptosystems around the world.