Bequant, the leading global digital assets* services firm, has been granted Virtual Financial Assets Act 2018 licenses by the Malta Financial Services Authority to operate a regulated virtual financial assets exchange and prime brokerage.
The MFSA has approved a Class 3 VFAA License to Bequant Pro 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 on behalf of other persons, and placing of VFAs.
“Our licenses are the culmination of years of hard work. We have been collaborating with the MFSA since 2018 to embrace regulations in the digital assets industry as a forerunner in this space,” said CEO George Zarya.
“As the industry matures and more institutions enter the space, a one-stop solution is required to deliver to the growing needs of the market participants. Our Class 3 VFAA license serves as the epitome that we are able to bridge the gap between traditional finance and digital assets by delivering a regulated prime broker that connects the digital assets ecosystem from exchanges and custodians to participants,” he added.
Furthermore, Bequant Exchange has been granted a Class 4 VFAA license to provide the following VFA services to inexperienced and experienced investors: operate a VFA exchange, custodian and nominee services, and execution of client orders on behalf of other persons.
Bequant Exchange and Bequant Pro were incorporated in August 2018 in Malta to take advantage of the digital assets framework that was introduced by the MFSA, one of the first regulators in the world to introduce a comprehensive regulatory regime back in 2019. Both companies have been operating in Malta under the provisions of the VFA Act.
“Being a regulated prime broker and exchange was part of our growth strategy heading into 2021, so we are proud to have achieved this milestone,” said chief operating officer Sergiu Frasineanu. “The MFSA is taking a leading position to regulate the digital assets industry. We are delighted to promote crypto regulation in Europe together with the MFSA.”
The regulatory approval arrived as Bequant delivered exceptional trading volumes this April. The exchange and prime brokerage delivered all-time high volumes, with over $5 billion in volume traded across the exchange and over $38 billion across the prime brokerage. This was supported by bullish market conditions and the expansion of Bequant’s technical developments to serve a wider array of market participants.
Bequant is a one-stop solution for professional digital asset investors and institutions. Our breadth of products includes prime brokerage, technology solutions, a fund administration service enhanced by an institutional trading platform providing low-latency access and superior liquidity.
The Bequant team consists of experts from institutional, retail and digital financial services with experience in banking, derivatives, electronic trading and prime brokerage.
Bequant Digital Assets Trading Platform: www.BEQUANT.io
Bequant Prime Brokerage Services: www.BEQUANT.pro
*“Digital assets” as referred herein shall not be construed to include any digital assets that can be classified as financial instruments or electronic money.