Crypto Finance AG, the “Crypto Valley” or Zug, Switzerland based company back in June completed major steps toward becoming Europe’s first regulated cryptocurrency fund. After the announcement of its cryptocurrency fund, the company has been moving forwards and today reported that prominent figures from the Swiss financial world have joined the newly composed Board of Directors through the additions of Raymond J. Baer and Pascal Forster.
The founding team of Crypto Finance AG including former UBS innovation expert CEO Jan Brzezek and experienced entrepreneurs Dr. Tobias Reichmuth and Marc P. Bernegger were able to win the support of exceptional entrepreneurial minds of the Swiss financial ecosystem.
Raymond J. Baer – former President of the Board of Directors of Julius Baer Group AG, he brings extensive know-how in strategic planning to the fund. Mr. Baer led various roles within the Julius Baer Group and was most recently acting as the Director of Private Banking and a member of the Management Committee. He also held office in leading organizations such as the Swiss Bankers Association (SBA), the Association of Swiss Asset and Wealth Management Banks and the Regulatory Board of the SIX Swiss Exchange.
Regarding digital currencies, Baer stated:
“Cryptocurrencies are not a short-term topic. It is important to set standards and to establish absolute integrity and professionalism.”
Pascal Forster – a former Managing Director and Country Head of the Executive Searcher Kienbaum. He has been a serial entrepreneur, initiator of the Entrepreneurs Roundtable and is an active member of the advisory board of VITA Anlagestiftung (Zurich Insurance Company Ltd). Pascal Forster is exposing a substantial international network of CEOs to the fund.
Jan Brzezek weighed in on the new board members:
“We are proud to acquire these outstanding personalities for our fast-growing company. Other prominent figures who are invested or helping through advisory and network are also backing the company.”
The Swiss fund embodies the first diversified investment vehicle for digital assets available. Crypto Fund AG will offer an index-based, passive product according to the Swiss Collective Investment Schemes Act (KAG), which provides for regulated access to cryptocurrencies for professional investors.