Russia's Tinkoff Banking Group Buys Majority Stake in Swiss Crypto Startup Aximetria

2 years ago

TCS Group Holding, the genitor institution of fashionable Russian slope Tinkoff, has purchased a bulk stock successful the Swiss-based cryptocurrency startup Aximetria.

  • TCS bought the shares from Aximetria's archetypal investor, task superior money fund Digital Horizon, Aximetria spokesperson Dilyara Belyakova told CoinDesk.

  • Aximetria provides crypto trading services to customers, arsenic good arsenic carnal debit cards allowing users to wage for goods and services utilizing their crypto holdings.

  • The size of the woody was not disclosed, but according to the filing with the Swiss regulator, TCS owned 4,449 shares of Aximetria, each worthy 100 Swiss francs ($108). Given that Aximetria's full stock superior is 534,700 francs ($582,000), TCS's involvement is astir 82%, Russian online work The Bell wrote.

  • Aximetria secured a license from the Swiss Financial Services Standards Association (VQF) successful 2019. The institution was founded by Alex Axelrod, who began his vocation with the Russian telecom elephantine MTS.

Anna Baydakova is simply a crypto newsman with a peculiar absorption connected Eastern Europe and Russia. Anna owns a fraction of BTC.


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