Crypto Fund AG, a Zug-based asset management subsidiary of Crypto Finance AG, has received a license from the Swiss Financial Market Supervisory Authority (FINMA) to distribute funds to qualified investors.

According to the official release, this marks the first time that a crypto fund company has been granted such an authorisation. Crypto Finance said that Crypto Fund has been approved to distribute collective investment schemes to qualified investors.

“All employees of Crypto Fund AG have many years of experience in asset management,” says Mathias Maurer, COO of Crypto Fund AG.

“For us, getting the FINMA license is a big step in the right direction, to establish us as the first point of contact for crypto assets,” concludes Jan Brzezek, CEO and founder of Crypto Fund AG.

Crypto Fund AG, a member of the VQF – a self-regulatory organisation (SRO) in Switzerland, says that it simplifies access to the entire crypto market for the investor by investing directly and diversified in crypto assets. According to its website, it is seeking approval for its “Crypto Market Index Fund” – a passive investment vehicle available for qualified investors that tracks the Crypto Market Index 10 and is calculated and maintained by SIX Swiss Exchange AG.