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VALLETTA, Malta, Jan. 6, 2021 /PRNewswire/ -- Bequant, the leading global digital assets* services firm, has been granted in-principle approvals by the Malta Financial Services Authority (MFSA) to operate both a prime broker and exchange.
The MFSA has approved in principle a Class 3 Virtual Financial Assets ("VFA") Licence to Bequant Pro Limited to provide VFA services as a prime brokerage to Experienced Investors including: Custodian and Nominee Services; Reception and Transmission of Orders; Execution of Client Orders; Dealing on Own Account; and Placing of VFAs.
"These in-principle approvals are the culmination of years of work, and go to show that authorities are eager to work with firms that embrace regulation, said CEO George Zarya. "We are delighted to continue collaborating with the MFSA as the industry matures and more institutions enter the space needing a one-stop-shop to satisfy their needs. This decision shows Bequant's commitment to bridging the gap between traditional finance and digital assets."