Press release
Volven AS Secures Finanstilsynet License for Virtual Currency Services
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Volven AS has received a Virtual Currency Service (VCS) provider license from Norway's Finanstilsynet, allowing its subsidiary, Volven Broker AS, to legally operate in the virtual currency market. This milestone underscores Volven's commitment to regulatory compliance and positions the company for further growth in digital currency trading. CEO Filip Berg-Nielsen sees this as a crucial step toward global expansion.
OSLO, NORWAY - Volven AS, a fintech company specializing in advanced algorithmic trading solutions for digital currencies, proudly announces the approval of Volven Broker AS' Virtual Currency Service (VCS) provider license from Finanstilsynet, the Financial Supervisory Authority of Norway. Volven Broker AS is a wholly-owned subsidiary of Volven AS, who also owns the proprietary rights to the trading platform Volven Broker will be using. This significant milestone positions Volven Broker AS to operate legally within the rapidly evolving virtual currency market while adhering to the strict regulatory standards of the European financial sector.
The Finanstilsynet VCS license highlights Volven Broker AS' commitment to security, transparency, and compliance. It enables the business to provide a safe virtual currency trading platform, enabling customers to trade with assurance in a fully regulated setting. Being under the supervision of Finanstilsynet verifies that Volven Broker AS operates in compliance with the highest standards as part of its regulatory monitoring, ensuring integrity and stability in the market.
"Obtaining this license is a significant step forward for Volven AS and Volven Broker AS," says Filip Berg-Nielsen, CEO and founder of Volven. "It reflects our dedication to building a platform that not only offers top-tier trading technology but also complies with the stringent regulations of the financial markets."
About Volven AS and Volven Broker AS
Volven AS is an innovative company that provides high-quality technology solutions for digital currency trading to financial institutions, brokers, OTC desks, and institutional traders. Perfecting this technology, which would have cost tens of millions of euros and significant time for other companies to develop in-house, has taken seven years. Now, Volven AS is ready to bring its unique solution to market. Volven Broker AS is a wholly-owned subsidiary of Volven AS and will be utilising Volven AS' highly sophisticated trading platform in its customer offering.
Founded by Filip Berg-Nielsen, a 25-year veteran of stock trading and one of Norway's leading market makers on the Oslo Stock Exchange, Volven AS integrates real-world trading challenges into its platform. This method lowers trading fees dramatically, offers faster executions, and eliminates pointless middlemen. Because of its architecture, companies and people with limited trading experience can still utilize the platform efficiently.
Key achievements include:
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Bringing in its first institutional customers and demonstrating the worth and profitability of Volven's offering.
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A digital currency license authorized by Finanstilsynet that gives customers access to Volven AS's global digital asset market, through Volven Broker AS.
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Completing development of a completely functional trading terminal prepared for quick deployment.
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Successfully raising 100 million NOK in previous funding rounds.
Designed for Global Expansion
Now that significant interest from both domestic and foreign investment groups has been expressed, Volven AS is well-positioned to establish itself globally. Although takeover bids have been explored, the company's primary focus is on expansion and international growth, which is fueled by customer contracts that generate predictable, recurring revenue.
According to Berg-Nielsen, "Our platform is designed to satisfy the needs of our high-value clients." Berg-Nielsen continues, "We are now well-positioned to become a leader in the virtual currency trading space, offering solutions that maximise efficiency, profitability, and ease of use."
About the Volven AS Platform
Volven AS offers a next-generation trading platform equipped with advanced, self-learning algorithms. Key features include:
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High-Performance Technology: Built in C++ for unmatched speed and performance.
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Scalability: Already processes over 500,000 trade orders monthly.
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Reliability: Delivers 99.9% uptime with low latency and high redundancy.
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Customization: Provides personalized algorithmic solutions tailored to individual needs.
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Direct Market Access: Eliminates intermediaries, lowering client costs and increasing profitability.
Designed to cater to OTC brokers, hedge funds, buy-side institutions, ETF funds, and financial advisors, the platform empowers traders with cutting-edge tools to make informed and efficient trading decisions.
Media Contact
Company Name: Volven AS
Contact Person: Filip Berg-Nielsen
Email: Send Email [http://www.universalpressrelease.com/?pr=volven-as-secures-finanstilsynet-license-for-virtual-currency-services]
Country: Norway
Website: http://volven.io
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