Share this article
Crypto Fund Wins License From Swiss Markets Watchdog
Switzerland's financial markets regulator FINMA has issued an asset management license to a crypto investment fund.
By Wolfie Zhao
Updated Sep 13, 2021, 8:28 a.m. Published Oct 9, 2018, 1:00 p.m.
Switzerland's financial markets regulator has issued a license to a cryptocurrency investment fund in a move that opens the door for wider institutional participation in the country's crypto activities.
Zug-based Crypto Finance AG announced on Tuesday that the Swiss Financial Market Supervisory Authority (FINMA) has given the green light to its subsidiary, Crypto Fund AG, to legally act as an asset manager.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
A search on the FINMA database shows that Crypto Fund AG – founded by former UBS banker Jan Brzezek in 2017 – 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.
Brzezek said in the release:
"The importance of crypto assets is growing and our aim is to accelerate maturity in these markets. Regulatory recognition remains highly sought after by participants, as seen in recent press and company statements."
In recent years, Switzerland has proved popular with companies working with cryptocurrencies and blockchain, thanks to its relatively welcoming regulatory regime.
FINMA notably issued guidelines early this year that clarified when it would class tokens as securities and what crypto projects need to do to carry out ICO activities while remaining compliant.
In June, SIX, the primary stock exchange in Switzerland, announced it is developing a blockchain-powered trading platform to tokenize traditional financial assets and boost liquidity for institutional investors.
Meanwhile, SEBA Crypto AG, another Zug-based crypto startup (also founded by former UBS bankers), is seeking a banking and securities dealer license from FINMA, having raised $104 million in a bid to become a regulated crypto bank, as CoinDesk reported last month.
Switzerland image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
