Crypto Finance AG, the operator of several institution-oriented crypto businesses, has raised xiv million Swiss francs ($fourteen.five million) in a Series B funding round led by well-known investors from across Europe and Asia.

The Zug-based business concern will use the funds to continue developing professional crypto asset infrastructure, management and trading services, founder and CEO January Brzezek said on Apr 16.

As reported, one of Crypto Finance AG'due south three subsidiaries is the crypto investment fund, Crypto Fund AG, which received Switzerland's start crypto asset management license from the Swiss Fiscal Market place Supervisory Authorization back in 2022.

Crypto Finance AG, a property company of Crypto Finance Group, also operates two further subsidiaries; Crypto Broker AG and Crypto Storage AG, the latter of which provides storage solutions and tokenization infrastructure.

Bridging between Europe and Asia

The Series B Funding round was led by prominent Swiss investor Rainer-Marc Frey and major Beijing-based individual equity fund Lingfeng Upper-case letter. PwC is said to accept liaised with investors for the Asia Pacific-focused fundraising drive.

In a statement, Dr. Frank Tong, a managing partner at Serial B participant QBN Capital, said the Hong Kong-based venture capital firm had invested in Switzerland due to the country'south "robust fiscal regulatory field and vibrant crypto community."

Lingfeng Upper-case letter partner  Dr. Ming Shu said that the investment opportunity brings Lingfeng Uppercase both exposure to "promising crypto-asset fintechs working inside the regulatory framework" and "a partner with traditional finance sector experience," adding that:

"We expect forward to building a span between Europe and Asia with Crypto Finance, and the convergence of traditional and digital asset classes."

Dr. Shu, who has previously worked with partners such as Alibaba and Henderson Global Investors, looks set to bring her regulatory and industry experience to her future function on Crypto Finance's Lath of Directors, assuming her date is confirmed at the visitor'south forthcoming annual full general assembly.

Crypto Finance AG will use the capital to continue its global expansion, also equally to develop further products and services. 50% of Crypto Finance Group's business is already said to exist tied to international clients.

Zug, amend known equally "Crypto Valley"

Every bit reported, Zug and Switzerland more broadly continue to be a dynamic center for cryptocurrency adoption and development. Earlier this yr, Swiss regulators approved what was purportedly the land'southward first fully compliant initial public offering on a blockchain.

The IPO involved blockchain firm Overture offer ordinary class-A shares natively on the Ethereum blockchain, using smart contracts provided by the Zug-based European Digital Assets Exchange (EURO DAXX).