The Austrian crypto get started-up Coinpanion has brought three worthwhile associates on board – the German institutions Bankhaus Scheich, Bankhaus von der Heydt and Concedus – and thus laid the basis for its entry into the German market place. Annerton took more than the authorized suggestions of the asset supervisor for crypto assets.
In 2019, the Viennese FinTech introduced its electronic crypto manager for the first time and is now the next greatest crypto FinTech in Austria (appropriate after Bitpanda). Only recently, the enterprise was in a position to history a prosperous seed funding spherical of about 5.5 million euros.
The new partnerships with Bankhaus Scheich, Bankhaus von der Heydt and Concedus give the start off-up accessibility to important trading centres and deliver it a large action nearer to its aim of expanding its product portfolio further than common cryptocurrencies, growing internationally and in the beginning getting a foothold in Germany.
The Annerton team of Alireza Siadat, Kemal Ahmedi, Dennis Lange and Till-Christopher Otto provided complete lawful assistance to Coinpanion on its German current market entry and effective collaborations. “Coinpanion is a flagship crypto corporation: a great innovative merchandise, a really motivated crew and a very clear vision. We are delighted with Coinpanion for this milestone,” suggests Alireza Siadat, lawyer and lover at Annerton.
“Entering the industry of a single of the most very regulated economic marketplaces in Europe is a extremely major obstacle from a lawful but also from an organisational stage of view. With Annerton, we have normally experienced a skilled, trusted and ground breaking partner at our facet, who not only offered us with the ideal guidance in this Herculean task, but also created our industry entry doable in the 1st position,” explains Alexander Valtingojer, CEO and Co-Founder of Coinpanion.
Annerton is an independent regulation business specialising in regulatory legislation in the economical marketplace. Considering that 2020, Annerton Rechtsanwaltsgesellschaft mbH in Germany and Annerton S.A. in Luxembourg have been advising recognized international institutions and businesses as properly as ground breaking commence-ups from the banking, economic solutions and electronic economic system sectors. Annerton has its offices in Berlin, Frankfurt am Main, Munich and Luxembourg with more than 20 lawyers, two tax advisors and other crew associates.
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