Crypto exchange and custodian platform Smart Valor goes live following successful funding

After raising $3.25 million in a recent successful round of funding, Swiss crypto firm Smart Valor is launching a digital asset exchange that will operate out of both Switzerland and Liechtenstein.

The latest funding round was led by the Swiss VC fund Venture Incubator (VI), with contribution from other Asian and US institutional investors, including Tally Capital.

In a recent blog post, it was noted how this new service would be offering a mix of “custody, trading, and brokerage” functionality. The post also explains what users can expect from this new live service of Smart Valor.

“The assets available on the SMART VALOR Platform will include cryptocurrencies and security tokens. During the go live, two major cryptocurrencies, Bitcoin and Ethereum will be available in four fiat currencies: CHF, EUR, GBP and USD,” the post reads.

"Further carefully selected, attractive cryptocurrencies and blockchain-based tokens will be added on a monthly basis, helping investors to make the right choice in the new field of digital assets."

The company also has plans to eventually add security tokens backed by real assets, subject to regulatory approval.

In a statement on the post, Smart Valor CEO Olga Feldmeier expressed her excitement at the prospect of the launch of the service.

“After 18 months of development, we are excited to go live with a core element of the SMART VALOR Platform - the exchange. This brings us a huge step forward to our vision of becoming the world’s first security token exchange for alternative investments,” Feldmeier said.

In an email to CoinDesk, the CEO provided further details as to what makes this particular live offer more appealing. She pointed to the fact that Switzerland has always had a reputation for offshore wealth storage and now, Smart Valor is intent on taking this to the next level. It will do so by “offering trading and custody of digital assets.”