The parent company of Tinkoff Bank, TCS Group Holding, acquired a stake in the Switzerland-based cryptocurrency fintech service Aximetria.
TCS Group Holding bought the stake previously owned by the international investment company Digital Horizon, ForkLog representatives said.
Details of the deal were not disclosed.
“As a rule, on the Russian market, the venture builder Digital Horizon invests in portfolio companies up to $2 million and owns a stake of 70-80%,” the company noted.
According to documents, in November TCS Group bought 4449 shares of Aximetria at CHF 100 per share.
The fintech service’s site states that the service is now part of the TCS Group.
Aximetria will develop as part of the Tinkoff Group’s international expansion, in compliance with the requirements of jurisdictions where it has an international presence.
In 2019, the service received a license from the Swiss Financial Market Supervisory Authority (FINMA).
In April 2021, Aximetria opened the investments in cryptocurrencies through Russian banks.
In June, at Tinkoff Bank, the readiness to provide clients with cryptocurrency trading services was announced, but they noted that this was hindered by the hard stance of the Bank of Russia toward assets.
In October, in Tinkoff Investments, reported that they are potentially considering projects in the field of crypto assets.
Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.