The Swiss blockchain startup Smart Valor has procured approval from the country’s regulators to start its operations in the local financial markets. The regulatory-approved, financial intermediary status will raise Smart Valor’s credibility and operational opportunities.
Smart Valor Among The Only Blockchain Companies Approved As A Financial Intermediary
Instead of being regulated by the Financial Market Supervisory Authority (FINMA), the nation’s regulatory agency, Smart Valor will be regulated by the local Financial Services Standards Association (VQF). The VQF is authorized by FINMA to manage anti-money laundering (AML) compliance.
Smart Valor’s procurement of a regulator-approved financial intermediary makes it actively supervised for AML compliance. The move, however, did not clarify clear whether other blockchain-based Swiss companies have been granted validation as financial intermediaries. Neither the FINMA nor the VQF have commented on the matter.
The company is particularly keen on tokenization, which it believes will change the way people approach investing. Olga Feldmeier, the Founder of Smart Valor explained how tokenization is crucial to the company’s larger mission of being an online platform for investment opportunities.
The Founder said:
“Tokenization transforms the way people own things, improves liquidity, and makes these investment opportunities accessible to a broader audience of investors.”
Alternative Investing In The Cryptocurrency Space
Smart Valor seeks to launch an online platform for alternative investments, which includes cryptocurrencies, in the fourth quarter of 2018. The startup is also in the works of applying for a banking license, the purpose of which is to allow it to offer securities investments in the first half of 2019.
The firm was founded by Olga Feldmeier in 2017. Feldmeier established the company after working for the China-based Bitcoin wallet Xapo, in the hopes of disrupting the banking system in Switzerland.
The main goal of Smart Valor’s platform is to democratize access to wealth through blockchain technology. It works to make global investments simple and accessible to everyone. The startup’s platform is called the VALOR Platform; it is a marketplace that connects asset issuers with a variety of investors around the world. The platform relies on blockchain-based securitization.
Switzerland is among several countries that are creating legislation to usher in new blockchain projects. The regulatory approval of Smart Valor marks a step closer to invigorating the blockchain and crypto space in the country.
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