Swiss Regulator Gives Green Light To Crypto-Currency Prime Broker

Tom Burroughes

8 November 2018

Switzerland's main financial regulator has given its blessing to crypto-currency prime broker , the regulator.

BCB Group’s service has been specifically designed to cater to institutional and high net worth clients seeking over-the-counter best execution for their own accounts and who wish to offer crypto-currency products and services to their own clients, the firm said.

The firm's services are aimed at investment managers and hedge funds, including crypto-currency funds, private banks, family offices, wealth managers and high net worth individuals. It is now able to provide a regulated end-to-end solution to clients covering onboarding, execution, settlement, reporting and custodianship.

Services include solutions for clients wishing to buy and sell some of the largest crypto-currencies including Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple XRP. Trades are brokered through wholesale exchanges, principal and agency OTC desks, and BCB Group’s own client order book. Trades are settled bi-directionally and natively in the Swiss franc, euro, dollar, sterling and South African Rand.