FINMA
Coverage of FINMA in the Nexus archive.
- Switzerland's Amina becomes first regulated bank to custody Canton Coin
Switzerland's Amina bank will provide custody services for Canton Coin, allowing institutional clients to trade and hold the coin through a banking platform. This is a first for a regulated bank. The service is overseen by FINMA regulation.
- SIX Group wins Swiss approval to offer crypto custody alongside traditional securities
SIX Group has received approval from FINMA to offer crypto custody services through its existing regulated infrastructure, which is also used for traditional securities settlement and post-trade services. This move allows SIX Group to provide a range of services, including crypto custody, alongside traditional securities. The approval enables the company to expand its offerings in the financial sector.
- Finma Says Immediate Mythos Access Would Pose Systemic Bank Risk
Finma, the Swiss Financial Market Supervisory Authority, warns that granting immediate access to Mythos could pose systemic risks to banks. The caution highlights concerns about potential financial instability linked to unregulated or high-risk entities.