A comprehensive regulatory overview of Switzerland
February 26, 2021, 12:07PM EST · 23 min read
- Switzerland has made many advances in recent years to provide a comprehensive regulatory framework for digital assets.
- Recent legislative amendments continue to attract new businesses engaging in cryptocurrency activities.
Established in 2018, Nexo is the world’s leading regulated financial institution for digital assets with an AUM of $5B and $20B processed for over 1M clients across 200+ jurisdictions.
Its mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines™, a high-yield Earn on Crypto & Fiat suite, an in-app Exchange, sophisticated OTC and Send & Pay capabilities. Nexo’s product and service lineup is bolstered by top-tier custodial insurance and the military-grade security of the Nexo Wallet.
Nexo’s flagship Instant Crypto Credit Lines™ was the first-of-its-kind financial product to allow crypto holders to access fiat against their digital assets without selling them, effectively carving out the crypto lending niche. Its offering has since expanded to provide 360-degree retail banking and comprehensive institutional services that bridge the gap between digital and traditional finance, placing Nexo at the forefront of the industry.
The company’s founding team has a combined 30+ years of experience in traditional finance and fintech, with Co-founder and Managing Partner Antoni Trenchev among the most often cited authorities on digital finance by top-tier media, including Bloomberg, Financial Times and The Telegraph.