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Trakx wins approval for launch of digital assets platform in France

Source: Trakx

Trakx.io is announcing today that the company was officially registered as a Digital Asset Service Provider (DASP) in France by the AMF, France's securities regulator.

This is the first time a company is granted such a certification on four separate licenses. Simultaneously Trakx is announcing today the launch of its platform for institutional clients and qualified retail investors.

VASP registration became mandatory in France in January 2021 for any company offering digital assets services. On the 20th of July, Trakx.io got approved for four licences: operating a trading platform for crypto traded indices, offering custody services to its clients, exchanging digital assets to traditional and digital currencies.

"Although digital assets are a relatively new asset class, the industry is moving toward passive portfolio management products. The French VASP registrations granted by the AMF represent a significant step forward in our effort to deliver a compliant solution where investors can trade digital assets with confidence and trust" said Lionel Rebibo, CEO and founder of Trakx who adds "we strongly believe this recognition is the first of many, as we are looking forward to be fully compliant in all the jurisdictions we will penetrate".

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