SwissBorg Secures MiCA Approval from French Regulator
- SwissBorg, with over $1 billion in assets under management, received approval under the EU’s Markets in Crypto-Assets (MiCA) regulation from the French Autorité des Marchés Financiers.
- The authorization allows SwissBorg to provide services such as custody, administration, order execution, transfers, portfolio management, and crypto-asset advisory.
- CEO Cyrus Fazel emphasized the importance of regulatory alignment for trust and innovation within the European crypto ecosystem.
- SwissBorg plans to migrate its European operations from Estonia to France gradually.
- The company raised $23 million in a Series A funding round in 2023 from 16,660 investors.
SwissBorg’s MiCA approval marks a significant step for the company and the European crypto market. The move aligns with their strategy of regulatory compliance to foster trust and innovation.
Source (3.2)https://cryptobriefing.com/swissborg-mica-approval-france/?rand=59535
