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Swiss Authority Approved TKR As Stablecoin

Press Release

Swiss Authority Approved TKR as Stable Coin

Reading Time: 2 minutes by on July 30, 2021 Press Releases
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Takamaka has obtained the “Financial Services Standards Association (VQF)” license, which certifies that the company complies with anti-money laundering regulations and that the TKR, Takamaka’s stable coin (1:1 with the USD), is officially in compliance with the Swiss regulations and is to all intents and purposes digital money!

As Takamaka has been recognized as compliant with Swiss anti-money laundering legislation, obtaining the VQF represents a further step for towards providing global financial services with the ultimate goal: the establishment of Takamaka digital bank

VQF Officially Recognises TKR, Takamaka’s Stable Coin, as Regulated Digital Money 

What does VQF stand for?

The VQF is an industry organization for individual asset management (BOVV) with professional rules of conduct officially recognized by the Federal Financial Market Supervisory Authority, FINMA, which helps to protect and strengthen the interests of financial intermediaries and investors. 

VQF members include financial intermediaries from the parabanking sector, such as independent wealth managers, trust companies, providers of collective investment undertakings, and more. 

The VQF is the largest SRO (self-regulatory organization) in Switzerland and is the best way to achieve a sense of trust in the financial world. 

Fully Regulated TKR

This authorization will allow TKR to be used as a stable coin, pegged to the value of the dollar ( 1:1 with USD ), which can be used for all purposes as digital money.

TKR Becomes Money, Fully Regulated by Swiss Law

From fundraising to online payment systems, to UNBANKED services, and much more, TKR can be used not only on the European continent but everywhere in the world and in full compliance with Swiss regulations, the strictest and most widely recognized worldwide.

TKR Exchangeable Into USD, Always Guaranteed by Ailia SA

It is possible to buy TKR directly on the Takamaka website (www.takamaka.io) and use it as an international payment system. Furthermore, if you are a merchant you will be able to get paid directly with TKR and convert it in real time into FIAT currency directly in your account.

With Takamaka technology you can create customizable tokens with Smart Contracts, which will always be exchangeable with TKR and therefore in USD.

Stable Coins and Authorisations

Many companies are trying to get their stable coins authorized, such as Diem, the Facebook project formerly known as Libra, which is perhaps the most striking case. 

The rise of the stable coins are also putting a lot of pressure on central banks to issue their own digital currencies. 

In this context, obtaining the VQF and then submitting a FinTech authorization application to FINMA shows the technical and commercial qualities of our project. 

We know that obtaining an authorization takes a lot of time and work, and we are aware that having obtained the VQF authorization represents the first milestone, we are already ready for new goals.

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