Fintech company RIDDLE&CODE FinTech Solutions has been successfully authorized by the Austrian Financial Market Authority (FMA) as a "virtual currency service provider". This makes the company one of the first to receive the corresponding authorization in Austria.
The company is devoted to promoting tokenization of industrial services, where regulatory requirements are still in development and challenging to meet. Following successful registration, RIDDLE&CODE and its Token Management Platform—which have already been fully audited and accepted by Switzerland’s regulator FINMA—are now licenced to safeguard and issue payment and utility tokens.
» With the FMA registration, RIDDLE&CODE is one step closer to becoming the leading—and at the same time fully compliant—tokenization provider in the industrial sector. We have been a trusted partner of the industry for two years and are pleased to extend our activities to enable new business models and services through tokenization. «
Alexander Koppel, CEO of RIDDLE&CODE
» The official FMA approval is a strategic milestone for RIDDLE&CODE. We are pleased that we could make an important contribution to the company's success, demonstrating, once again, our expertise in the fintech industry. «
Raphael Toman, Associated Partner at BRANDL TALOS
About RIDDLE&CODE FinTech Solutions
RIDDLE&CODE FinTech Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, builds hardware and software stacks that empower funds, crypto exchanges and regulated financial institutions to manage all aspects of key generation, custody, AML, regulatory compliance and token management with unmatched versatility and security.