Riva approved as a Virtual Asset Service Provider

Riva Money Switzerland Approved as a Virtual Asset Service Provider (VASP)

We’re excited to share that Riva Money Switzerland has been approved as a Virtual Asset Service Provider (VASP) and is now a member of the self-regulatory organisation (SRO) VQF – the Financial Services Standards Association, Switzerland’s leading self-regulatory organisation under FINMA supervision.

This approval marks another important milestone in Riva’s mission to make business payments faster, more transparent, and more cost-efficient across borders.

As a VASP, Riva Money Switzerland can provide clients with regulated virtual asset services, including facilitating cross-border payments and conversions between fiat currencies and digital settlement instruments such as stablecoins. This additional capability complements Riva’s existing payment infrastructure and strengthens our ability to deliver seamless, real-time international transfers for businesses.

"This approval is a key step in expanding Riva’s dual-rail payment capabilities,” says Mahendra Katoch, CTO and Co-Founder of Riva Money.

"It allows us to combine the stability and compliance of traditional banking rails with the efficiency and speed of blockchain-based payment infrastructure — all while maintaining our focus on cost savings and transparency for our clients."

The approval in Switzerland adds to Riva’s growing regulatory footprint in Europe, following the authorisation of Riva Money Europe AB as a Payment Institution by the Swedish Financial Supervisory Authority (Finansinspektionen). Together, these regulatory foundations enable Riva to continue building the next generation of cross-border payments — helping businesses move money globally, faster and cheaper than ever before.