Switzerland Approved First Crypto Fund

FINMA approves its first crypto asset fund in Switzerland in the country. The fund is administered by PvB with custody by SEBA Bank.

The CEO of Asset Management at Crypto Finance, said: “Crypto Finance is pleased to launch the first Swiss crypto fund, supervised by FINMA and launched with strong Swiss partners PvB and SEBA Bank. The investment fund enables clients of innovative wealth and asset management firms to participate in this upcoming asset class and to further diversify their portfolio in a secure and regulated way.”

Qualified investors can now use this form of regulated fund. The goal of the Crypto market Index 10 is to measure the performance of the largest, most liquid crypto assets and tokens and provide an investment benchmark for this asset class.

“Two years ago SEBA Bank received a Swiss banking and securities dealer licence. With approval now granted according to the CISA agreement, SEBA Bank has passed another important stage in its development plan, and lives up to its pioneering role, ”- SEBA Bank CEO said.

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Source: privatebankerinternational

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