Bitcoin Suisse Group Gets Digital Asset Licence
The Bitcoin Suisse Group today announced that its affiliate Bitcoin Suisse [International] Ltd. has obtained a Class F digital asset business license under Bermuda’s Digital Asset Business Act and Class B registration under the Investment Business Act 2003 from the Bermuda Monetary Authority [BMA].
A spokesperson said, “The approval has been granted on a pre operational basis, subject to the completion of customary conditions prior to commencing regulated digital asset management and investment advisory services for professional and institutional clients.
“The BMA’s approval marks a significant step in Bitcoin Suisse’s international expansion. Bitcoin Suisse [International] Ltd. now has the regulatory foundation to provide investment advisory and asset management services to professional and institutional clients outside Switzerland through a dedicated entity.”
“Institutional investors increasingly recognize digital assets as a permanent part of their portfolios. What they need is a partner who combines deep crypto-native expertise with the governance and regulatory standards they expect from traditional financial services. The BMA approvals mark an important step in Bitcoin Suisse’s transition towards a global wealth management platform and allow us to be exactly that partner for clients internationally,” said Andrej Majcen, Co-Founder and Group CEO of Bitcoin Suisse.
A spokesperson added, “Bitcoin Suisse [International] Ltd. is domiciled in Hamilton, Bermuda, and is fully owned by BTCS Holding Ltd., the group’s holding entity. The DABA license covers the provision of regulated digital asset business services, while the IBA registration enables the entity to provide investment advisory and discretionary portfolio management. The entity will serve professional and institutional clients with a suite of services spanning investment advisory, discretionary portfolio management mandates, and proprietary investment strategies. Clients may fund mandates in Bitcoin, stablecoins, or fiat currency.
“The entity operates on a non-custodial basis and relies on regulated custodial providers and partner banks to deliver institutional-grade security. An experienced CIO Office and dedicated research function underpin all investment decisions, drawing on Bitcoin Suisse’s proprietary Crypto Analysis Framework and its Global Crypto Taxonomy – a classification system covering approximately 600 digital assets across six sectors, developed over more than a decade of crypto-native research.”
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How many full-time employees are in Bermuda? Their website lists one Bermuda job opening for a Portfolio Manager.
Is there space available at Sankofa House?
And why is Sankofa House nil rated for ARV and described as “Commercial (Unusable)”?