Kiprion completes registration as cryptocurrency service provider with BRANDL TALOS

Fintech company Kiprion has been successfully registered with the Austrian Financial Market Authority (FMA) as a "virtual currency service provider" according to FM-GwG.

Kiprion is a cryptocurrency custody service for institutional and commercial investors. The company has one of the most reliable and secure cryptographic security technologies for professionals. With the successful registration, the company is now able to store a significant portion of popular of payment as well as utility tokens in the sense of the FM-GwG.

”KIPRION’s innovative business model – the custody of crypto assets for institutional investors – needs a safe and sound legal framework to attract clients. We are glad to have found a partner in the law firm Brandl Talos and Raphael who actively supports us in creating the regulatory and legal framework for our business model,” Jonas Jünger, CEO of Kiprion.

”The registration as a virtual currency service provider is a strategic milestone for Kiprion. We are pleased to make an important contribution to the company’s success and once again demonstrate our expertise in the crypto sector,” Raphael Toman, Associate Partner at BRANDL TALOS.

The team

Raphael Toman

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Partner / Legal Tech, IP & Data Protection, Regulatory, Capital Markets, Compliance & Internal Investigations, Banking, Insurance and Securities Regulation Law

Raphael advises financial services providers in proceedings before civil and administrative courts, as well as on regulatory issues, money laundering prevention, sanctions and crypto-assets. He also represents clients from various industries in (cross-border) litigation. Furthermore, he supports companies on data protection and is the data protection officer of a biotech company and an international sports association.

University of Vienna, Faculty of Law (Mag. iur. 2011, Dr. iur. 2019)
New York University, University of Vienna academic excellence scholarship (LL.M. 2017)
admitted to the New York bar (2017)
Stagiaire at the International Chamber of Commerce (2018)