Swedish Trust Companies – What services can be offered?

Just as with any financial license it is important to stay within the legally authorised activity and not to cross any regulatory lines. It’s important that the core business is Trust Management. If your focus would be too much on say payment services, you could trigger other license requirements, for example Electronic Money Institution (EMI) or Payment Institution (PI) licensing.

Combining the Trust Company with a Money Service Business (MSB) license can form a very strong structure where certain activities would be covered by the MSB (e.g. payments, fx, crypto exchange) and others by the Trust Company (holding/managing assets) with both structures complementing each other, thereby widening the range of permissible activities. The biggest benefit of the Trust Company would be that you can hold any asset and thus manage accounts for third party funds and hold assets without restrictions. Another benefit is that although the Trust Company is registered as a regulated provider and can show that it has a regulatory supervisory authority for AML/CFT purposes, the actual supervision is virtually zero and the entity therefore comes with very low overhead. No capital requirement, no qualification requirement, no license fees, no annual renewal fees. The MSB on the other hand should not be used to hold and manage assets, but it can very well engage specifically in Payment Services, Currency Exchange, Crypto-Fiat Exchange as part of its core activity. Just as in the case of the Trust Company, the MSBs we offer do not come with any qualification or capital requirements or annual license fees (as opposed to for example EMI and PI licenses). Please visit www.montanamsb.com for full details.

© 2024 DX BANK LTD - All Rights Reserved. DX TRUST KB is a AML/CFT regulated Trust Company registered in Sweden with registration number 969798-4046. DX BANK LTD is a Statutory Trust registered in Connecticut with Authoritative Legal Entity Identifier (ALEI) 2662831. DX TRUST KB is the Corporate Trustee of DX BANK LTD. DX MONEY LLC is a Money Service Business (MSB) regulated under the US Bank Secrecy Act and registered with the Financial Crimes Enforcement Network (FINCEN) with registration number 31000228678640. Services are not available in certain jurisdictions or sanctioned countries. Card and payment services are offered in partnership with issuing entities duly licensed and regulated in their respective jurisdictions. Google Play and Google Pay are trademarks of Google Inc. Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. VISA is a trademark of Visa International Services Association. Any other trademarks are the property of their respective owners. The use of these names, logos and brands does not imply endorsement or affiliation. Financial Services are offered in partnership with licensed institutions regulated in their respective jurisdctions.