Aximetria opens Bitcoin investments via Russian banks

The financial service Aximetria, based in Zug, Switzerland, unveiled a B2B solution that will allow Private Banking clients to invest in cryptocurrencies through a personal manager in any Russian bank. ForkLog was told this by representatives of the company.

The minimum investment amount will be $100,000.

Transfers between the client’s currency account at a Russian bank and Aximetria’s Swiss crypto account are conducted via a Private Banking division’s personal manager.

“Funds from the bank account are credited to a fiat account at Aximetria, where they can be held for up to 60 days. During this time, the client can choose the most advantageous moment to purchase cryptocurrencies,” the company said.

The purchased cryptocurrencies are stored on personalised accounts hosted on Aximetria’s own infrastructure in Swiss data centres.

According to Aximetria founder and CEO Alexey Axelrod, the company’s Swiss financial licence raises the bar for user due diligence, but at the same time allows guaranteeing no regulatory risks for clients’ assets in any jurisdiction.

“With the new service, Russian banks will be able to earn by offering VIP clients investments in Bitcoin and other digital assets. Aximetria takes on all risks that may arise with the local regulator,” he said.

As a reminder, in July 2019, Aximetria obtained a license from the Association for the Supervision of Standards in Financial Services (VQF) under FINMA, the Swiss financial regulator.

The company allows opening electronic accounts to conduct fiat and crypto transfers in accordance with Swiss AML legislation.

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