Switzerland's Crypto Finance is expanding to Germany with plans to offer storage of digital assets to clients in Frankfurt.
Crypto Storage, a subsidiary of Zug-based Crypto Finance, is opening an office in Frankfurt, it said in an emailed statement on Friday. The start-up wants to offer institutional and professional investors storage of their crypto assets, as well as supporting new business models in blockchain and the crypto sector.
The expansion comes as Germany adopts European Union anti-money laundering rules into its banking law which come into force next year. The Swiss company, which recently rejigged the management of its fund arm, said it may expand on the storage offering in Germany at a later time, without elaborating.