NASSAU,BAHAMAS — Digital assets services company METARIVER has announced that it received its Digital Assets and Registered Exchanges (DARE) license from the Securities Commission, bringing the list of digital asset businesses registered with the Commission to 12.
The company also announced yesterday that it received its Financial and Corporate Service Providers Act (FCSP) license from the SCB.
METARIVER is described as a “digital asset services company for institutional investors, private banks and family offices who are looking to allocate a portion of their assets under management.
“METARIVER was founded by a team of governance, compliance, and product development specialists, from the fintech sector. There is a strong need for corporate governance in the crypto industry, and METARIVER believes it is well positioned to address this growing opportunity,” the company noted in a press release.
It added: “The Bahamas, through their Securities Commission, is a leading jurisdiction globally for digital asset licensing. The DARE Act provides a comprehensive regulatory framework guided by compliance and best practices. DARE can be viewed as a major achievement in legislation which regulates the issuance, sale, and trade of digital assets as well as legally recognizing distributed ledger technology (e.g. blockchain), as emerging platforms for financial services innovation.”
Frank Svatousek, CEO of METARIVER stated,:“We are thrilled to be licensed by the Securities Commission of The Bahamas and look forward to introducing our services and infrastructure to asset holders, in offering an alternative to traditional treasury management. METARIVER which was founded in 2022 by Frank Svatousek, Dean Thrasher, and Stephanie Colebrook, has targeted Fall 2023 to roll out their services.
According to the SCB’s register of digital asset businesses, the company offices are located at Bayside Executive Park.
METARIVER is the twelfth company to be listed on the SCB’s Digital Asset Businesses register, which as of March 31st 2023 still had FTX Digital Markets atop the list.
