Zug-based financial service Aximetria has unveiled a b2b solution that will allow Private Banking clients to invest in cryptocurrencies through a personal manager at any Russian bank. ForkLog was informed about this by company representatives.
The minimum investment amount is $ 100,000.
The movement of funds between the client’s foreign currency account in a Russian bank and the Swiss crypto account Aximetria is mediated by the personal manager of the Private Banking division.
“Funds from a bank account are transferred to a fiat account at Aximetria, where they can be stored for up to 60 days. During this time, the client can choose the most favorable moment to buy cryptocurrencies, ”the company said.
Purchased cryptocurrencies are stored in personalized accounts hosted on Aximetria’s own infrastructure in Swiss data centers.
According to the founder and CEO of Aximetria, Alexey Axelrod, the presence of a Swiss financial license in the company increases the requirements for users in terms of personal identification, but at the same time, it guarantees that there are no regulatory risks for clients’ assets in any jurisdiction.
“Thanks to the new service, Russian banks will be able to earn money by offering VIP clients investments in bitcoin and other digital assets. Aximetria assumes all risks that may arise with the local regulator, ”he said.
As a reminder, in July 2019, the Aximetria financial service received a license from the Financial Services Compliance Supervision Association (VQF) under the Swiss financial regulator (FINMA).
The company allows opening electronic accounts for fiat and cryptocurrency transfers in accordance with Swiss AML legislation.
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