Blocktrade’s application for the MiFID II investment firm license is expected to be submitted to the Financial Market Authority (FMA) Liechtenstein in the last quarter of 2019. In addition, Blocktrade is welcoming this new era with a fresh look and innovative projects that strategically target the regulation of digital assets.
After Cryptix’s acquisition of Blocktrade in September 2019, the Swiss full-service provider for digital payments and financial solutions is integrating the exchange platform’s digital assets expertise and know-how into their existing framework. One of the most significant milestones for the Cryptix and Blocktrade teams is the application for a MiFID II investment firm license, which will allow them to operate a Multilateral Trading Facility. The application will be submitted later in 2019. With the investment-firm license, Blocktrade will be able to help small and medium-sized companies from around the world raise capital by issuing financial instruments in the form of a security token. Companies will also be able to list their securities on the trading venue and enable liquidity for their investors.
The first internal project is a new and improved Blocktrade branding that will be revealed at the end of September 2019 and will complement the brand’s evolution. This new look will include a new website that will not only feature the rebranding but also provide visitors with a better overview of Blocktrade’s products and services.
“The business is growing and evolving. Now that we are part of the even bigger Cryptix Group, it is time for a fresh look and the further development of the Blocktrade platform and mobile app.”, says Luka Gubo, CEO of Blocktrade.
For 2020, the Cryptix Group has big plans, including the launch of a licensed Blocktrade platform that will be implemented into the Cryptix ecosystem to create a single platform with easy-to-use financial solutions and fund-raising opportunities.
Blocktrade is developing and operating an institutional-grade digital assets exchange that focuses on cutting-edge technologies, highest security standards, and excellent user experiences. The Liechtenstein-based company employs the latest technology to change how capital markets work, and it is currently in the process of obtaining a license as a Multilateral Trading Facility in Europe.
The Cryptix Group is a full-service provider of IT, business development, legal and marketing services and supports SMEs in the development of digital payment solutions and the realisation of ideas based on blockchain and DLT. The fintech startup – headquartered in the Crypto Valley in Zug, Switzerland – also develops blockchain-based payment options and its own licensed products and platforms aligned with their mission of ‘Shaping the future of money and financial products’.