Crypto startup SwissBorg secures MiCA authorization from French regulator
SwissBorg received MiCA authorization from the French AMF, enabling it to offer a full suite of crypto-asset services in Europe.Summary
SwissBorg, a digital asset investment platform managing over $1 billion in assets, has secured authorization under the European Union’s Markets in Crypto-Assets (MiCA) regulation from the French Autorité des Marchés Financiers (AMF). This approval allows SwissBorg to provide services including custody, administration, order execution, transfers, portfolio management, and crypto-asset advisory services. CEO Cyrus Fazel emphasized the importance of regulatory alignment for fostering trust and innovation within the European crypto ecosystem. SwissBorg will transition its European operations from Estonia to France in the coming months, ensuring a smooth process for its users. The company has experienced significant growth since 2021, including a $23 million Series A funding round and a successful ICO in 2017, and is known for its community-focused approach to product development.
(Source：Crypto Briefing)