Switzerland approves first crypto assets fund

clock • 1 min read
Switzerland approves first crypto assets fund

The Swiss Financial Market Supervisory Authority FINMA has approved the first Swiss crypto assets fund, it said in a statement today (29 September). The Crypto Market Index Fund, which is restricted to qualified investors, invests primarily in assets based on the blockchain or distributed ledger technology. This is the first time FINMA has approved a Swiss fund that invests primarily in cryptoassets. It is an investment fund according to Swiss law belonging to the category "other fun...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login