Smart Valor, a Switzerland-based digital assets platform, announced on Thursday it secured Cryptocurrency exchange and custodian licenses from the Liechtenstein Financial Market Authority.
Founded in 2017, Smart Valor describes itself as a blockchain startup set to enable borderless cryptocurrency finance. The platform aims to build a decentralized marketplace for tokenized alternative investment backers by secure custody for cryptocurrency.
“Smart Valor was one of the first companies to embrace tokenization and Decentralized Finance (DeFi). Acknowledged by Forbes as one of Europe’s 10 Most Exciting Technology SMEs, Smart Valor today is leading the way with its fully compliant cryptocurrency exchange and marketplace for digital assets. It is supported by leading Venture Capital funds and a global community of VALOR stakeholders.”
Speaking about the latest milestone, the Smart Valor team stated:
“We are incredibly pleased to see that we have built and operate an exchange infrastructure which satisfies the high standards of financial regulation such as in Liechtenstein. During the last year we had an opportunity to fine-tune our internal control mechanisms and AML compliance. We also strengthened our corporate governance and established a professional board.”
The new licenses come just a few months after Smart Valor announced it will be running an Automated Price Reserve for the VALOR token on the Kyber Network, which provides a tool that allows traders to exchange tokens instantly without having to use exchanges. As previously reported, the VALOR token will be accessible via KyberSwap and other decentralized applications (dApps) and platforms that use Kyber’s on-chain liquidity protocol. Kyber Network currently supports more than 80 ERC-20 compliant tokens.