Regulatory status
Regulated in Switzerland, supervised under the AMLA
FE Swiss Financial AG, trading as XEROF, is a Swiss financial intermediary supervised by VQF under membership No. 100954. What that covers, and what it does not.
Zug, Switzerland, since 2021
- Legal entity
- FE Swiss Financial AG
- Trading as
- XEROF
- Company number
- CHE-353.710.248
- Registered
- 29 October 2021, Commercial Register of the Canton of Zug
- Registered office
- Gubelstrasse 11, 6300 Zug, Switzerland
- Supervision
- Financial intermediary under the AMLA, supervised by VQF
- VQF membership
- No. 100954, member since 21 December 2021
- AML officer
- External, MME Legal
- AML audit
- Beyond Audit AG
- Statutory audit
- Wadsack Zug AG
Registry details can be verified independently in the Commercial Register of the Canton of Zug and in the VQF member directory.
In plain terms
The questions compliance teams ask us.
What does supervised under the AMLA actually mean?
The Swiss Anti-Money Laundering Act applies to financial intermediaries, and XEROF is one. In practice it means every client is identified and verified before the relationship is activated, the beneficial owner behind each company is established on the record, the source of funds and source of wealth are documented, transactions are monitored, and the whole file is audited annually by an independent AML auditor.
Is XEROF licensed by FINMA?
No, and the distinction matters. XEROF is regulated as a financial intermediary and supervised through VQF, a self-regulatory organisation that FINMA recognises and oversees. That is supervision, not a FINMA licence. XEROF is not a bank and does not hold a banking or securities licence, so client fiat is not covered by Swiss depositor protection.
Are stablecoins safe for a business to hold and settle in?
The asset and the counterparty are separate questions. A fiat-referenced stablecoin carries the credit and reserve risk of its issuer, which is a matter for your own assessment. What a supervised counterparty changes is the second half: who holds your assets, whether they are segregated, whether the payment can be traced and evidenced, and whether anyone audits the controls. Those are the parts XEROF is answerable for.
How are client assets held?
One on-chain wallet per client, segregated from XEROF's own assets and from those of every other client, never pooled. Custody runs on institutional infrastructure with hardware-isolated key management and disaster-recovery cover.
Where can XEROF offer its services?
XEROF is authorised in Switzerland. It is not authorised under the EU Markets in Crypto-Assets Regulation and is not registered with any EU or EEA supervisory authority, so its products and services are neither registered nor approved outside Switzerland. Services are not offered or marketed to residents, citizens or entities of the EU or EEA, other than where a client has approached XEROF entirely on their own initiative.
Custody arrangements and the supervision that sits behind them are set out in more detail on the custody page, and the institutional view is on solutions for institutions. Imprint, privacy policy and terms are in legal.