Anchored Finance AG Achieves VQF Membership for Digital Asset Operations in Switzerland
Anchored Finance AG Achieves VQF Membership
Anchored Finance AG has made a significant stride forward by attaining membership in VQF, a Swiss self-regulatory organization recognized by the Swiss Financial Market Supervisory Authority (FINMA). This achievement is pivotal for the company as it expands its institutional digital asset operations, which now includes cryptocurrency over-the-counter (OTC) services, segregated custody for eligible crypto assets, and client-directed treasury operations.
This new membership signifies that Anchored's primary financial activities will now operate under strict Swiss anti-money-laundering regulations, providing a robust framework for its institutional counterparties. The approval empowers Anchored to offer a suite of services across its OTC platform that enables trading between cryptocurrency and fiat currencies, along with secure custody solutions for clients. Notably, all eligible crypto assets will be held in fully segregated wallets, ensuring enhanced security and transparency.
Wenny Cai, the CEO of Anchored, emphasized the importance of achieving VQF membership.