Everest has been operating as a regulated crypto custodian under the transitory provisions of the Virtual Financial Assets (VFA) License from the Maltese Financial Services Authority (MFSA) since October of 2018. The latest in principle approval is the final step in receiving a VFA license. The services Everest provides to experienced and non-experienced users are the following.
Reception of deposits and issuance of instructions Execution of orders on behalf of other persons Custodian and nominee services
Everest’s unique CRDT token, a VFA, empowers businesses and users to program fiat currencies for specific purposes, times and places. Such a universally programmable and regulated currency opens up international market access and various use cases, including conversion to crypto, access to trading, cross-border, DeFi and other services. With integrated KYC/AML and digital identity, plus the ability to