Owner of Russian bank Tinkoff acquires Swiss digital asset firm

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Owner of Russian bank Tinkoff acquires Swiss digital asset firm
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  • 📰 Cointelegraph
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Russian bank tinkoff_bank is dipping its toes into the world of digital assets by acquiring Swiss crypto firm aximetriagmbh.

data from Aximetria, the report suggests that TCS purchased 4,449 Aximetria shares worth 100 Swiss francs per share. Given that Aximetria’s total share capital was about 535,000 francs , the publication reported TCS’ stake to be around 83.2%.

A spokesperson for Tinkoff confirmed the news to Cointelegraph, stating that Aximetria will be “part of the international expansion of Tinkoff Group in compliance with all the requirements of the jurisdictions of international presence.” The representative emphasized that Aximetria is “not a crypto exchange” but rather a “financial service in the digital asset industry.”

At the time of writing, Aximetria’s main page includes details on the firm being part of TCS. Aximetria lets users open a “Swiss crypto account” with free deposits and withdrawals in euros or U.S. dollars. The platform says it targets clients worldwide.

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