SwissBorg, a digital asset investment platform with more than $1 billion in assets, has been approved by the Autorité des Marchés Financiers (AMF) under the European Union’s Markets in Crypto-Assets (MiCA) regulation, the company announced on Friday.
The license allows the platform to provide multiple crypto-asset services, including custody, administration, order execution, delivery, portfolio management and crypto-asset advisory services.
SwissBorg CEO Cyrus Fazel described the milestone as a defining moment for the company and the European crypto-system ecosystem, saying that regulatory harmonization is essential to build trust and enable long-term innovation.
“At SwissBorg, we have always believed that regulatory adoption is the only true path to long-term public acceptance and trust,” Fazel said. “Securing our MCA approval is a defining moment for our community and the wider European crypto-asset ecosystem. It allows us to innovate with legal certainty and offer our users the highest standard of protection.”
In the coming months, SwissBorg will transfer its European operations from its existing facility in Estonia to the newly authorized CASP facility in France.
The transition will be gradual and users will be notified of the process as it progresses.
SwissBorg has grown rapidly since launching its crypto program in 2021. The company completed its Series A crowdfunding round in 2023, raising $23 million from 16,660 investors.
The company has a history of community-focused initiatives, including a successful 2017 ICO that raised $52 million and a 2018 blockchain referendum that allowed users to vote on product development priorities. SwissBorg has also received industry recognition through its participation in the Venture Leaders Fintech program and awards within the Swiss startup ecosystem.
