Bitcoin Suisse (International) Ltd., an affiliate of the Switzerland-based Bitcoin Suisse Group, has secured dual regulatory approvals from the Bermuda Monetary Authority (BMA). The update was shared with Bitcoin Magazine and marks an important development in the firm’s effort to grow beyond its home market. The approved entity is domiciled in Hamilton, Bermuda, and sits under BTCS Holding Ltd., the group’s parent holding company.
The BMA granted the company a Class F license under Bermuda’s Digital Asset Business Act (DABA) and a Class B registration under the Investment Business Act 2003 (IBA). Both approvals were issued on a pre-operational basis. In practical terms, this means the entity has been authorized within the regulatory framework and can move toward launching its services once remaining operational conditions are met.
These approvals are significant because they cover two closely related but distinct areas of business. The DABA license applies to regulated digital asset business services, while the IBA registration enables investment advisory and discretionary portfolio management. Rather than positioning itself as a retail-facing crypto venue, Bitcoin Suisse is clearly building a regulated platform aimed at professional and institutional investors.
The company said clients may fund mandates in Bitcoin, stablecoins, or fiat currency. It also emphasized that the Bermuda entity will operate on a non-custodial basis. Instead of directly holding client assets, it will rely on regulated custodial providers and partner banks to deliver institutional-grade security. That structure is especially relevant for institutional allocators, who often prefer the separation of advisory, portfolio management, custody, and banking functions.
Andrej Majcen, Co-Founder and Group CEO of Bitcoin Suisse, described the approvals as a meaningful milestone in the company’s global evolution. He argued that institutional investors increasingly view digital assets as a permanent allocation category, but still expect the same governance, oversight, and regulatory standards they receive from traditional financial services providers. In that context, the Bermuda approvals are not just licenses; they are part of Bitcoin Suisse’s effort to reposition itself as a global wealth management platform.
What the Bermuda approvals allow Bitcoin Suisse to do
The new authorizations give Bitcoin Suisse a clearer path to offer a more comprehensive institutional service model. A single crypto license often limits a firm to one segment of the value chain, such as trading, custody, or a narrow advisory scope. In contrast, the combination of a DABA Class F license and an IBA Class B registration creates a broader legal basis for digital asset-related advisory and portfolio services under supervision.
Under DABA, the company can provide regulated digital asset business services. Under the Investment Business Act 2003, it can provide investment advice and discretionary portfolio management. Together, these approvals support a model in which Bitcoin Suisse can help professional and institutional clients design, implement, and manage digital asset exposure within a formal regulatory perimeter.
This distinction matters for sophisticated allocators. Institutional clients usually evaluate providers on several fronts at once: regulatory standing, operational controls, custody design, and investment process. Bitcoin Suisse’s announcement addressed each of these points. It highlighted the BMA approvals, confirmed its non-custodial structure, and pointed to its internal research and classification tools as the basis for decision-making.
- DABA Class F license: covers regulated digital asset business services.
- IBA Class B registration: permits investment advisory and discretionary portfolio management.
- Funding options: Bitcoin, stablecoins, and fiat currency.
- Operating model: non-custodial, supported by regulated custodians and partner banks.
Institutional operating model and proprietary research framework
One of the more important details in the announcement is the company’s non-custodial operating structure. In institutional markets, many clients prefer not to place all functions under a single provider. Separating investment advice, execution, custody, and banking can improve risk management, internal governance, and auditability. Bitcoin Suisse appears to be aligning itself with that preference in Bermuda.
By relying on regulated custodial providers and partner banks, the company can focus on the advisory and portfolio management layer instead of acting as the direct holder of client assets. This approach is often more familiar to family offices, external asset managers, and corporate counterparties that need stronger control frameworks and clearer segregation of responsibilities.
Bitcoin Suisse also underlined the role of its proprietary research stack. Investment decisions will be based on the firm’s Crypto Analysis Framework and its Global Crypto Taxonomy. According to the company, the taxonomy covers approximately 600 digital assets across six sectors and has been developed through more than a decade of research. In institutional settings, such frameworks are valuable because they help standardize a market that is otherwise fragmented, narrative-driven, and difficult to compare across assets.
The firm added that an experienced CIO Office and a dedicated research function will support all client mandates. That detail reinforces the broader message: Bitcoin Suisse wants to be seen not only as a crypto-native firm, but as a digital asset manager with an operating structure closer to that of a traditional wealth or asset management platform.
Multi-region expansion built on Bermuda and Abu Dhabi
The Bermuda approvals are part of a wider international expansion strategy rather than an isolated local move. Bitcoin Suisse already holds an In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). That approval established an initial regulated foothold for the group in the Middle East.
When viewed together, Bermuda and Abu Dhabi form two strategic regulatory bases in different regions. Bermuda offers one of the better-known offshore frameworks for digital asset activity, while ADGM has emerged as one of the most visible regulated crypto-friendly hubs in the Middle East. For a company seeking cross-border institutional relevance, these jurisdictions can provide both credibility and geographic reach.
Bitcoin Suisse explicitly said that its multi-region strategy targets ultra-high-net-worth individuals, family offices, external asset managers, and corporate counterparties. This is an important detail because it shows the company’s commercial focus. The goal is not broad retail expansion. Instead, it is trying to build a regulated infrastructure for clients who need advisory depth, portfolio construction, and institutional operating standards around digital assets.
More broadly, the move reflects an industry shift. As digital assets become more integrated into professional portfolio discussions, competition is moving away from simple exchange access and toward regulated, multi-jurisdictional wealth and asset management capabilities. Bitcoin Suisse’s latest approvals fit squarely within that trend.
Why Bermuda matters in digital asset regulation
Bitcoin Suisse’s choice of Bermuda is closely tied to the island’s regulatory positioning. Since introducing the Digital Asset Business Act in 2018, Bermuda has presented itself as a global hub for digital asset regulation. DABA is widely regarded as one of the earlier comprehensive legal frameworks designed specifically for the crypto industry.
For crypto-native firms, that kind of framework offers several advantages. It reduces uncertainty around licensing and oversight, improves credibility with institutional clients, and supports international business from a recognized financial jurisdiction. As a result, Bermuda has attracted firms seeking both regulatory legitimacy and offshore reach.
In Bitcoin Suisse’s case, Bermuda serves as more than a licensing venue. It functions as an international launchpad for regulated digital asset management and advisory services. Combined with the company’s existing momentum in Abu Dhabi, it helps create a structure that can support cross-border client coverage and a more global brand identity.
Overall, the announcement signals how the digital asset sector continues to evolve toward greater institutionalization, stronger compliance standards, and more regionally diversified service models. Bitcoin Suisse is attempting to combine crypto-native expertise, traditional governance expectations, and multi-jurisdictional regulation into a single platform. Whether that translates into scaled international growth will depend on execution, but the strategic direction is now clear.