VASPs: Crypto Exchanges & Brokers

Set up a virtual / crypto asset service provider (VASP / CASP) in Switzerland

Get the right legal framework and licenses for your crypto project (e.g., SRO affiliation for AML, securities dealer license, portfolio manager license, FinTech license) and get support on ongoing compliance (travel rule and AML, token listing criteria and assessments, financial services act compliance etc.)

Licenses for crypto projects in Switzerland

We cover the full spectrum for any type of VASP / CASP in Switzerland: 

Setup and ongoing support

We assist brokers and exchanges (fiat-to-crypto and crypto-to-crypto) as well as any other service provider on their proper legal setup and ongoing compliance support with AML compliance (travel rule, SRO affiliation, KYC) and advise on questions around listing criteria and token assessments to ensure security tokens are identified and dealt with properly. 

Regulatory compliance & licensing

We advise on and assist with licensing requirements, from FINMA no-action letters, SRO affiliation and securities dealer licenses to FinTech and DLT trading facility license. 

Tax structuring

From VAT and other tax questions, we ensure you understand the tax consequences of the trading activity and other revenue streams as the operator. Our crypto tax experts will help you get the complete picture of your tax obligations so that you can plan efficiently. 

Setup process 

  1. 1
    Free introductory call

    Schedule a free 20min call to get to know our experts and understand the regulatory landscape in Switzerland for your project. Based on this, we can in give you already a rough estimate of feasibility, costs and timeline.  

  2. 2
    Kick-off workshop

    The most efficient way to get to a detailed action plan for your project is typically an in-depth workshop and NOT a long legal memorandum. In a 2h workshop with your key stakeholders and our corporate, regulatory and tax experts, we cover all relevant details to optimally match your vision with the Swiss legal, regulatory and tax environment.

  3. 3
    Execution

    We provide you with a detailed action plan and fee offer to execute on the discussed action plan: We cover the entire range from incorporation to funding, getting FINMA no-action letters, obtaining necessary licenses and any other legal topics (work permits, privacy policy etc.)

Blockchain Legal Workshop Flat-Fee

What it is
  • Goal: A focused workshop with your key stakeholders and our crypto experts, financial market lawyers, and tax experts is the most efficient way to get to understand the best legal framework for your project. The goal is that you have all the information required to take a go / no-go decision on setting up your project in Switzerland, and have a clear road map to execute if you decide do go ahead. 
  • Preparation: To maximize the outcome of our discussion, we will prepare the workshop based on your business plan, whitepaper or similar documents.
  • 2h workshop (online or in-person): In the workshop, we dig deeper on the details and goals of the virtual asset services, exchange or brokerage and provide you with different structuring options, current best practices as well as regulatory restrictions. Based on your vision, the goal is always to conclude whether the Switzerland is the right place for the project and if so, what the concrete next steps would be for the launch of your project. 
  • Assessment summary: We summarize the key points via email, including suggested next steps, specific timelines, and fee estimates.
Who it is for
  • The workshop is aimed at creators of all forms of VASPs and CASPs and related crypto service provider projects. 

 

How long does it take
  • Once we receive the preparatory documentation, it typically takes us 3-5 business days to prepare, conduct and debrief the workshop. 

 

Flat fee
  • CHF 3’000 flat fee (excl. VAT) .

LEXR – the blockchain experts since day one

Our blockchain lawyers are true crypto experts – we have not only assisted a wide range of customers with the legal analysis of their DeFi projects and token launches, but we also have the technical expertise, e.g., as keyholders in the wrapped BTC on the Tezos blockchain (https://tzbtc.io/) and privately interact with tokens and DeFi protocols regularly.  Some of our clients:

  • Bitcoin Suisse 
  • Tezos 
  • Bitmain 
  • matrixport  
  • Aktionariat 
  • Unix  
  • Gro
  • Ecoo 
  • StakingRewards 
  • Splint Invest

About us

We’re a growing team of 20+ legal professionals – our Financial Markets Law experts include:

  • 1

    Florian advises clients in the fields of Blockchain, DLT, Digital Assets, and FinTech, predominantly focusing his practice on financial market regulation and corporate law matters. He also lectures on legal and compliance issues related to Digital Assets, DLT, and DeFi.

    Florian Prantl, Legal Counsel

  • 2

    Christian is an entrepreneur and lawyer with a focus on the intersection between technology & law. He regularly speaks, publishes and advises on blockchain-related topics and is specialized in financial market regulation.

    Christian Meisser, CEO & Legal Counsel

  • 3

    Irina works primarily in the area of corporate and financial markets regulation, where she concentrates on internal processes, drafting legal documents, and assisting with various legal projects. Her focus is mainly on corporate law and tokenization support.

    Irina Komnenic, Junior Legal Counsel

  • 4

    With his expertise in financial market regulation, Max supports corporate clients in their fiat or crypto-related endeavours. Furthermore, he is familiar with the regulatory and AML-related duties of Swiss and European financial institutions and the every-day application of corporate law.

    Maximilian Krähenbühl, Legal Counsel

  • 5

    Silvan is supporting LEXR as a freelance tax counsel. He specialises in corporate taxation of fintech, asset management and crypto. He has helped to set up investment funds, management companies and banks and structured ICOs, stable coins as well as more traditional financial instruments.

    Silvan Amberg, Tax Counsel

  • 6

    Nihat’s professional practice is focused on corporate and commercial law and financial market regulation. He also worked for the Swiss Financial Market Supervisory Authority FINMA in Bern where he gained valuable experience.

    Nihat Cingöz, Legal Counsel

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