RIDDLE&CODE FinTech Solutions, an innovative European company empowering financial institutions to handle all aspects of digital asset management, has obtained a licence as a “service provider for virtual/cryptographic tokens” by the Austrian Financial Market Authority (FMA). RIDDLE&CODE FinTech Solutions is one of the first fintech companies in Austria to be registered with FMA.
The company is devoted to promoting tokenization of industrial services, where regulatory requirements are still in development and challenging to meet. Following successful registration, RIDDLE&CODE and its Token Management Platform—which have already been fully audited and accepted by Switzerland’s regulator FINMA—are now licenced to safeguard and issue payment and utility tokens.
“With the FMA registration, RIDDLE&CODE is one step closer to becoming the leading—and at the same time fully compliant— tokenization provider in the industrial sector. We have been a trusted partner of the industry for two years and are pleased to extend our activities to enable new business models and services through tokenization”, said Alexander Koppel, CEO of RIDDLE&CODE.
“The official FMA approval is a strategic milestone for RIDDLE&CODE. We are pleased that we could make an important contribution to the company’s success, demonstrating, once again, our expertise in the fintech industry”, concluded Raphael Toman, Associated Partner at BRANDL TALOS.