I'm thrilled to announce that our company, Metariver, has been granted a license under the Bahamas Digital Assets Registered Exchanges (DARE) Act to provide exchange and custodial services for digital assets. This is a huge milestone for our team, and we couldn't be more excited about what it means for our future growth and success.
The Digital Assets and Registered Exchanges Act (DARE) enacted in 2020, represents a significant step forward for the regulation of digital assets in the Bahamas. By legally recognizing distributed ledger technology (DLT), such as blockchain, the Bahamas has positioned itself among the few jurisdictions with comprehensive digital assets legislation.
By adopting the DARE legislation, the Bahamas demonstrates its commitment to embracing innovation and fostering a secure and transparent environment for digital assets. This regulatory framework can attract further investment and innovation in the digital asset industry, supporting the growth of the Bahamas' economy and strengthening its position as a leading financial services hub.
This license is a testament to the hard work and dedication of our team, who have worked tirelessly to ensure that we meet the high standards set forth by the Bahamas Securities Commission. It's a recognition of our commitment to providing secure, reliable, and compliant digital asset services to our clients. — Frank Svatousek, METARIVER CEO
We're grateful to the Bahamas Securities Commission for granting us this license, and we look forward to continuing to work closely with them as we expand our operations. We're also grateful to our clients and partners, who have put their trust in us to provide them with the best possible goverance and compliance services.
At Metariver, we're committed to helping our clients achieve their financial goals through our innovative offerings. We believe that this license is a major step forward in our mission to provide world-class services to our end clients.
Once again, thank you to our team for their hard work and dedication, and partners for their ongoing support.
Metariver is regulated & licensed by the Securities Commission of the Bahamas, the Digital Assets and Registered Exchanges Act (DARE) and the Financial and Corporate Service Providers Act (FCSP)
