METARIVER Receives Digital Asset and Registered Exchanges Act License from The Bahamas’ Securities Commission
METARIVER, an institutional digital asset services company, has announced the acquisition of two licenses from the Securities Commission of The Bahamas. The Digital Assets and Registered Exchanges Act (DARE) license and the Financial and Corporate Service Providers Act (FCSP) license will allow METARIVER to offer digital asset custody and treasury management services, as well as international company formation for institutional clients.
METARIVER was founded by a team of experts from the fintech sector, specializing in governance, compliance, and product development. The company aims to address the growing need for corporate governance in the crypto industry.
The DARE Act provides a regulatory framework that legally recognizes distributed ledger technology, making it a significant achievement in the legislation that regulates the issuance, sale, and trade of digital assets. The Bahamas is a leading jurisdiction globally for digital asset licensing.
We are thrilled to be licensed by the Securities Commission of The Bahamas and look forward to introducing our services and infrastructure to asset holders, in offering an alternative to traditional treasury management,” said Frank Svatousek, CEO of METARIVER.
METARIVER plans to acquire additional digital asset licensing in a complementary jurisdiction, enabling the company to expand its sales channels and asset bases under management. The company targets Fall 2023 to roll out its services.
TL;DR:
METARIVER has acquired the Digital Assets and Registered Exchanges Act (DARE) license and the Financial and Corporate Service Providers Act (FCSP) license from the Securities Commission of The Bahamas. The company aims to provide digital asset custody and treasury management services, as well as international company formation for institutional clients. METARIVER plans to acquire additional digital asset licensing in a complementary jurisdiction and targets Fall 2023 to roll out its services.