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The parent company of Tinkoff Bank bought the Swiss service of crypto services

TCS Group has acquired shares in the Swiss financial service Aximetria. This information was confirmed to RBC in Tinkoff Bank.

What is Aximetria GmbH? As their website says:

“Aximetria GmbH is a Swiss financial service providing crypto services for private and corporate clients in Europe, Asia, South America and the CIS region. The company has a Swiss financial license, and its activities strictly comply with international AML regulation. The head office of the company is located in the city of Zug, in the center of the Crypto Valley.

Naturally, the main activity of Aximetria is working with various digital assets and providing solutions for this. The company was founded in early 2018 by one of the former directors (Big Data division) of AFK Sistema Alexei Akselrod, and in 2019 it became a financial intermediary, having received all the necessary permits in Switzerland.

An inscription has already appeared on the main page of Aximetria: Aximetria GmbH is part of TCS Group Holding PLC. According to the press service of Tinkoff Bank:

“Aximetria will develop as part of the international expansion of the Tinkoff Group in compliance with all the requirements of the jurisdictions of the international presence. Details of the transaction will be disclosed in accordance with accepted disclosure standards in the Group's annual financial statements."

TCS bought back 4449 shares of the stock exchange at 100 Swiss francs per share. The total share capital of the company amounted to 534,700 francs (approximately $577,476). According to The Bell, the share of TCS Group may be 83.2%. Investment companies Digital Horizon (DH) announced that they have sold a stake in Aximetria to TCSGH. And RBC was told in DH:

“We do not disclose the details of the deal, but, as a rule, in the Russian market, the venture builder Digital Horizon invests up to $2 million in portfolio companies and owns a 70-80% stake.”

At the start, DH itself invested $120,000 in the crypto services project. At the same time, it is worth noting that the position of the Central Bank on crypto-currency operations remains tough. And although the Russian Federation adopted a law that explains the schemes for working with digital assets, the Central Bank spoke out against the legalization of mining in early November last year after the proposals of the Ministry of Economic Development, the Ministry of Energy and the State Duma.

The parent company of Tinkoff Bank bought the Swiss service of crypto services