Austrian company Riddle & Code FitTech Solutions, offering financial institutions support for the digital asset management process, has obtained an FMA license. Thus, it officially became a service provider in the field of virtual and cryptographic tokens.
Legal Crypto Service Provider
Riddle & Code FitTech Solutions, as one of the first companies from the fintech sector operating in Austria, obtained a license from the Austrian Financial Market Authority (FMA). As a result, it received the status of a service provider in the field of virtual and cryptographic tokens. The activity of Riddle & Code is focused on promoting the tokenization of industrial services, which are difficult to meet quite strict regulatory requirements.
Even before the license was granted by the FMA, the company obtained a license from the Swiss regulator FINMA, thanks to which it gained the possibility of fully legally issuing payment and utility tokens.
Alexander Koppel, CEO of Riddle & Code, argues that FMA registration was an important step for the company to become a leading, fully regulatory-compliant tokenization provider for the industrial sector. At the same time, new opportunities are opening up for it, related to the implementation of modern business models and related services tokenization.
About Riddle & Code FitTech Solutions
Riddle & Code FitTech Solutions is a subsidiary of the renowned European company Riddle & Code. Its core business is interfaces blockchain. The company provides solutions to help funds, cryptocurrency exchanges and legally operating financial institutions to manage the digital asset management process. It includes, among others key generation and storage, regulatory compliance, token management, and security issues.