There’s no denying that cryptocurrencies are an extremely attractive investment opportunity, yet many potential investors are reluctant to enter this market. For several years now, we’ve observed a genuine interest from hundreds of investors with checks ranging from hundreds to hundreds of thousands of dollars. At the same time, we’ve seen a myriad of crude, incomplete and just plain unsafe services popping up left, right and center. Crypto value went up, but the investors were still losing their money.

The reason why most of these projects couldn’t accommodate investors’ needs is two-fold: no established legal basis and no clear connection between crypto and traditional assets. Those two factors effectively rendered the majority of services inconvenient and practically unusable in the real world. Clearly, this isn’t the way towards mass adoption of cryptocurrencies.

So, our goal was to bridge the gap between the traditional fiat financial system and the emerging crypto-ecosystem, while placing all cryptocurrency related operations within the existing legal framework. With this objective in mind, in the summer of 2017, our team of three started Aximetria.

A fully legal all-in-one investment solution for any crypto-investor.

Sinсe then we have come a long way, while our team and our operations expanded significantly, which allowed us to launch a fully legal platform geared towards everyday banking. Aximetria provides its users with easy access to a variety of assets:

Cryptocurrencies: Bitcoin and Ethereum, with Bitcoin Cash, Litecoin and Gram to be added soon.

Fiat currencies: Euro, with U.S. Dollar, Swiss Franc and Russian Ruble to be added soon

Exchange Traded Funds (ETF) on 15 cryptocurrencies to be added soon.

We wanted to make trading cryptocurrencies as easy as possible. With Aximetria, you won’t have to go through making a deposit of fiat currencies on an exchange, selling it for crypto and transferring all that money to a safe cold storage wallet. Our users can simply buy cryptocurrencies for fiat and store them in a cold wallet, all within our app. Moreover, Withdrawing fiat with Aximetria is as easy as it gets — just order our bank card (issued by MasterCard) and use your crypto assets to pay for goods and services in fiat currencies or withdraw money from ATMs in any place where MasterCard is accepted.

We’re all about the safety of our users’ funds, so naturally, they have full control of their assets, and at any given moment all the funds can be transferred to a secure cold storage wallet. On top of that, we partnered up with the Russian Quantum Centre to additionally secure our platform with post-quantum cryptography as opposed to public-key security algorithms, currently used in the industry, providing Aximetria clients with additional peace of mind.

Our clients can also benefit from personalized services. Verified users can order an Aximetria bank card that will enable them to pay for goods and services and withdraw fiat money from ATMs, with the funds being taken directly from their crypto-wallets.

As we’re striving to achieve a fully legal, compliant and licensed status, the next item on our to-do list is obtaining a Financial Intermediary Licence, which will effectively authorise us to facilitate financial transaction between any parties, putting as in the same legal category with commercial and investment banks, stockbrokers, pooled investment funds and stock exchanges.

Full compliance with Swiss laws

Aximetria is registered in the town of Zug, Switzerland, which is also home to such important crypto-companies at Ethereum Foundation, Bitcoin Suisse, Xapo and many others. This also means that we are fully compliant with Swiss legislation. This was done in close collaboration with Pestalozzi — a renowned Swiss law firm that specializes in consulting and legal support of businesses working with the blockchain technology and cryptocurrencies.

The reason we chose Zug is the fact that it has the world’s most developed system of crypto-companies regulation. The Swiss financial regulator FINMA (Swiss Financial Market Supervisory Authority) actively supports the market, while doing everything to ensure that businesses working under its legislation are fully compliant with Know-Your-Customer and Anti-Money Laundering policies. Besides, Switzerland is becoming one of the crypto-capitals of the world — as of January 2018, its citizens and businesses registered there can actually pay their taxes in Bitcoins.

Now that it’s all said and done, it’s safe to say that creating an impeccable legal structure that is fully compliant with Switzerland’s financial legislation and, at the same time, is accessible to users from other countries rather unexpectedly turned out to be a very difficult task for us.

In the process, we came to realize that most of our competitors either don’t pay enough attention to compliance, pursuing momentary profits while creating unsustainable organizational structures, or already have a systematic support in the form of large banks that provide them with proper advisory support.

We, on the other hand, take pride in building a project that our customers can benefit from while staying within the regulatory framework and still managed to remain independent from the influence of large financial institutions.

A little bit of history

Even though the process of creating the legal structure for Aximetria took us a fair bit of time and effort, we were not willing to compromise our vision for the project, keeping our clients’ best interests in mind. Another step towards achieving this vision was building a solid technological base of our platform.

For this, we’ve gathered an incredible team. The combination of experience and competence in information security, fintech and blockchain allowed us to create a toolkit for working with crypto-assets that is not only secure, modern and reliable but also easy and intuitive to use.

We put an emphasis on collaboration and partnerships. As it was mentioned before, the Russian Quantum Centre helped us develop a state-of-the-art post-quantum cryptography protection. But we didn’t stop there.

We wanted to present our target audience with a functioning, working product, without them having to rely on our promises, a roadmap or an ambiguous white paper. So, instead of taking an easy route of holding an ICO, we partnered with a fund, which not only invested in the development of Aximetria, but also helped us forge partnerships with various institutions — banks, exchanges and so on.

The future

All of this is just the beginning.

We can already offer our customers a fully functioning all-in-one solution for working with cryptocurrencies within the regulatory framework. Right now, we’re working on expanding our toolkit, introducing new assets, new cryptocurrencies, more partnerships, enhancing the security even more and generally creating a one-stop solution for all your cryptocurrency needs.

Watch this space.