Scope Markets Owner Rostro Gets Crypto Registration in British Virgin Islands
By Damian Chmiel
AI summary of the source article
Rostro Group, owner of broker Scope Markets, has registered as a virtual asset service provider in the British Virgin Islands. Operating as RXM Capital Ltd, the firm plans to offer spot crypto brokerage, custody, and fiat on- and off-ramps.
Why it matters
According to Rostro Group CEO Michael Ayres, "Digital assets are an important part of Rostro's next phase of growth."
Key facts
- Rostro Group secured VASP registration from the British Virgin Islands FSC under the name RXM Capital Ltd, trading as RXMdigital.
- The approval permits RXM Capital to act as an exchange and custody provider, holding client assets and swapping crypto for fiat.
- Rostro Group plans to introduce new digital asset services in 2027.
Source excerpt · Finance Magnates
Rostro Group, which owns broker Scope Markets, said today (Tuesday) it has registered as a virtual asset service provider (VASP) in the British Virgin Islands. It plans to offer spot crypto brokerage and fiat on- and off-ramps. The approval was granted by the British Virgin Islands Financial Services Commission (FSC) under the Virtual Assets Service Providers Act, 2022, which establishes a registr…