On October 9, Zug-based Crypto Finance AG announced that the Swiss Financial Market Supervisory Authority (FINMA) has given the license to its subsidiary, Crypto Fund AG, to legally act as an asset manager.
Crypto Fund AG is now authorized as a manager of “collective investments” under the country’s Collective Investment Schemes Act.
With the license, the firm said Crypto Fund AG is now allowed to manage and distribute both domestic and foreign funds for investing in crypto-related projects. The registration as an asset manager arrives as an extension to another license that Crypto Fund AG received from FINMA in June which limited the firm’s activities to merely distributing funds to qualified investors.
