Saturday, July 13, 2024

Valour Inc Applies for a Swiss VQF Membership

According to online news sources, Valour Inc. has reportedly applied for membership of the Swiss Financial Services Standards Association (VQF). Valour Inc., which is a subsidiary of DeFi Technologies, applied for membership through its entity based in Switzerland called DeFi Europe AG. DeFi Technologies Inc. is a famous technology company that helps in bridging the gap between decentralized finance and traditional capital markets. Valour Inc., on the other hand, issues financial products listed on the exchange. It allows institutional and retail investors access to digital assets. Valour Inc. is based in Zug, Switzerland, and was first established in 2019.

The Swiss VQF membership is conferred by the Financial Services Standards Association or Verein zur Qualitätssicherung von Finanzdienstleistungen. The Financial Services Standards Association is a self-regulatory organization (SRO) for Switzerland’s financial industry. The official watchdog of the country, the Swiss Financial Market Supervisory Authority or FINMA, is tasked with supervising the SRO. It is responsible for regulating the intermediaries and financial institutions like Broker-Dealers, Banks, besides regulating the SROs.

Once the membership is approved for Valour Inc., DeFi Europe AD will be allowed to operate as a digital assets broker. The company will be able to offer liquidity and access to digital assets as it will be fully compliant with the anti-money laundering Swiss laws. The CEO of Valour Inc, Tommy Fransson, said during a recent interview that the company is embracing and supporting a regulated investment environment. As Valour attains the membership of VQF, it will be able to further its mission to bridge the gap between decentralized finance and traditional capital markets. He added that the company will focus on investor utility and transparency.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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