RIDDLE&CODE Fintech Solutions, an Austrian blockchain interface solutions provider, has obtained a license as a “service provider for virtual/cryptographic tokens” from the Austrian Financial Market Authority (FMA).

The crypto firm is reportedly one of the first fintech companies in Austria to be registered with FMA.

RIDDLE&CODE promotes the tokenisation of industrial services, where regulatory requirements are still in development and challenging to meet.

Following successful registration, RIDDLE&CODE and its token management platform are now licensed to safeguard and issue payment and utility tokens.

“With the FMA registration, RIDDLE&CODE is one step closer to becoming the leading—and at the same time fully compliant—tokenisation provider in the industrial sector.

 

We have been a trusted partner of the industry for two years and are pleased to extend our activities to enable new business models and services through tokenisation,”

said Alexander Koppel, CEO of RIDDLE&CODE.

“The official FMA approval is a strategic milestone for RIDDLE&CODE.

 

We are pleased that we could make an important contribution to the company’s success, demonstrating, once again, our expertise in the fintech industry,”

said Raphael Toman, Associated Partner at BRANDL TALOS.

Featured image: Screengrab from RIDDLE&CODE