FiCAS AG
FiCAS AG is a Swiss FINMA-licensed crypto asset management boutique that issues and actively manages a suite of physically backed cryptocurrency ETPs and ETIs through its subsidiary Bitcoin Capital AG, serving professional, institutional, family office, and selected retail investors across Switzerland, Germany, and Austria via traditional bank and broker channels.
- Company typePrivate
- Founded2015
- HeadquartersZug, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FiCAS AG does
FiCAS AG is a Swiss-based crypto investment boutique headquartered in Zug, Switzerland, specializing in the active asset management of cryptocurrency Exchange Traded Products (ETPs) and Exchange Traded Instruments (ETIs). Founded in 2019 by Dr. Ali Mizani Oskui, who has been actively managing crypto portfolios since 2015, FiCAS operates as a FINMA-licensed portfolio manager and distributes products through its wholly owned subsidiary Bitcoin Capital AG, which issues ETPs on European regulated exchanges including SIX Swiss Exchange. The firm serves professional and institutional investors primarily, with retail availability in Switzerland, Germany, and Austria through standard bank and broker platforms.
The company's core offering is a suite of seven actively managed crypto products, including the 15 FiCAS Active Crypto ETP (the world's first active crypto ETP), FiCAS Selected Crypto Assets ETI, FiCAS Dynamic Crypto ETP, Coded Capital Crypto Champions ETP, FiCAS Active Crypto Sectors ETP, Web3 Digital Assets Innovation ETI, and FiCAS Artificial Intelligence Crypto ETI. All products are 100% physically backed by underlying cryptocurrency assets, and the firm's proprietary active management methodology combines in-house market research, quantitative trading pattern analysis, and crypto market sentiment monitoring to dynamically shift allocations, including into fiat, to manage downside risk. The firm claims 4.8%+ average monthly returns and outperformance versus the CCI30 index since inception.
FiCAS operates a lean team of 1-10 employees and generates revenue through management fees embedded in product pricing across more than 550 clients and $300M+ in traded volume. Distribution is sales-led and B2B2C, with products purchased through traditional bank and broker infrastructure using ISIN numbers and ticker symbols, similar to ordinary shares. The company is privately held, appears to be founder-controlled, and has no disclosed external venture or private equity investors. Marketing is multi-channel, including earned media in Cointelegraph, Financial Times, Forbes, Fuw, and Sci-Tech Suisse, plus conference presence at CV Summit, Crypto Summit, and Crypto 2030.
FiCAS AG firmographics
Firmographics- Name
- FiCAS AG
- Legal name
- FiCAS AG
- Website
- https://ficas.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FiCAS AG is a Swiss FINMA-licensed crypto asset management boutique that issues and actively manages a suite of physically backed cryptocurrency ETPs and ETIs through its subsidiary Bitcoin Capital AG, serving professional, institutional, family office, and selected retail investors across Switzerland, Germany, and Austria via traditional bank and broker channels.
- Ownership category
- akta.pro rank
FiCAS AG industry classification
Industry- Product category
- Cryptocurrency Asset Management
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC)
Keywords
Where FiCAS AG is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
FiCAS AG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Asset Management Fees: Management fees included in product prices charged on actively managed crypto ETP and ETI products. Fees are transparent and detailed in product term sheets, embedded in product pricing with no additional hidden costs.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
FiCAS AG product offering
Product offeringCore offering
FiCAS AG is a Swiss-based crypto asset management boutique that actively manages cryptocurrency investment products, including Exchange Traded Products (ETPs) and Exchange Traded Indices (ETIs). The firm dynamically shifts allocations across carefully chosen crypto assets and fiat money to protect against downside risk, and its products are 100% physically backed by underlying cryptocurrencies. ETPs are issued through subsidiary Bitcoin Capital AG on European regulated exchanges such as SIX Swiss Exchange, with products accessible via standard bank and broker platforms.
Product overview
FiCAS AG offers a suite of actively managed cryptocurrency Exchange Traded Products (ETPs) and Exchange Traded Indices (ETIs) issued through its daughter company Bitcoin Capital AG. The product portfolio includes: FiCAS Selected Crypto Assets ETI (a dynamic portfolio focusing on capital growth), Web3 Digital Assets Innovation ETI (Web3 sector exposure), FiCAS Artificial Intelligence Crypto ETI (AI-related crypto investments), 15 FiCAS Active Crypto ETP (the world's first actively managed crypto ETP), FiCAS Dynamic Crypto ETP (dynamic market exposure with downside protection), Coded Capital Crypto Champions ETP (leading crypto assets), and FiCAS Active Crypto Sectors ETP (sector-specific crypto exposure). ETIs are primarily for professional and institutional investors, while ETPs are available to professional, institutional, and retail investors. All products are 100% physically backed by underlying assets and are actively managed by FiCAS's expert team, with the ability to dynamically shift allocations including into fiat money to hedge risks.
Differentiator
Problem solved
Functional benefit
Brands
- FiCAS Selected Crypto Assets ETI: Investment strategy focusing on capital growth by dynamically managing a diverse cryptocurrency portfolio with in-house expert insights
- Web3 Digital Assets Innovation ETI
- FiCAS Artificial Intelligence Crypto ETI
- 15 FiCAS Active Crypto ETP
- FiCAS Dynamic Crypto ETP
- Coded Capital Crypto Champions ETP
- FiCAS Active Crypto Sectors ETP
Products and services
- FiCAS Selected Crypto Assets ETI
- Web3 Digital Assets Innovation ETI
- FiCAS Artificial Intelligence Crypto ETI
- 15 FiCAS Active Crypto ETP
- FiCAS Dynamic Crypto ETP
- Coded Capital Crypto Champions ETP
- FiCAS Active Crypto Sectors ETP
Quantifiable outcome
- 4.8%+ average monthly return generated
- +4 more outcomes
Companies that use FiCAS AG
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
FiCAS AG technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
FiCAS AG partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Bitcoin Capital AGcoreBitcoin Capital AG is the daughter company of FiCAS AG. Bitcoin Capital AG issues ETPs on European regulated exchanges, while FiCAS AG acts as the asset manager for these ETPs. The relationship is a parent-subsidiary structure where Bitcoin Capital handles product issuance and FiCAS handles active management.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
FiCAS AG competitors and assessment
Company assessmentDirect peers
- CoinShares: European crypto asset manager and ETP issuer with listings on major European exchanges including SIX. Competes directly with FiCAS in regulated, exchange-traded crypto products, including actively managed strategies, with deeper capital base and broader product range.
- 21Shares: Swiss-headquartered crypto ETP issuer offering a broad range of physically backed exchange-traded crypto products across European exchanges. Direct competitor to FiCAS in active and thematic crypto ETP issuance with comparable FINMA-aligned distribution and product structure.
- Grayscale Investments: Largest dedicated crypto asset manager with single-asset and multi-asset investment trusts; a US-focused peer in the crypto asset management category with similar active strategies and institutional positioning, though operating under a different regulatory regime.
- ETC Group: European issuer of physically backed crypto exchange-traded products listed on regulated venues including Deutsche Börse Xetra. Direct competitor to FiCAS in the regulated European crypto ETP market, especially across German-speaking markets.
- Hashdex: Crypto asset manager issuing crypto index and thematic ETPs with global listings including European exchanges. Direct peer in regulated active/thematic crypto ETP issuance.
- Valour: European crypto ETP issuer with products listed on Nordic and Swiss exchanges. Direct competitor in the active and passive crypto ETP wrapper category, targeting similar institutional and retail distribution channels.
- Bitwise Asset Management: US-focused crypto asset manager offering actively managed crypto funds and ETPs. Comparable to FiCAS as a specialist active crypto manager, with broader product variety and larger AUM.
Broad incumbents
- WisdomTree: Global asset manager with a growing suite of crypto-linked ETPs in Europe. Comparable to FiCAS as a regulated ETP issuer but operates at much larger scale across multiple asset classes.
- VanEck: Diversified global asset manager offering crypto ETPs in Europe and a range of thematic products. Comparable in product category but operates across many asset classes with significantly greater scale.
- Invesco: Global asset manager with European-listed crypto ETPs and broader multi-asset product suite. Comparable to FiCAS in the regulated crypto ETP category but a much larger incumbent operating across many asset classes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
FiCAS AG social profiles
Digital presenceFiCAS AG compliance and trust
Trust signalCompliance1 record
FiCAS AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
FiCAS AG leadership team
Management profileNumber of profiles
Profiles7 records
FiCAS AG subsidiaries and ownership
Company hierarchySubsidiaries1 record
FiCAS AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FiCAS AG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FiCAS AG
What does FiCAS AG do?
FiCAS AG is a Swiss-based crypto asset management boutique that actively manages cryptocurrency investment products, including Exchange Traded Products (ETPs) and Exchange Traded Indices (ETIs). The firm dynamically shifts allocations across carefully chosen crypto assets and fiat money to protect against downside risk, and its products are 100% physically backed by underlying cryptocurrencies. ETPs are issued through subsidiary Bitcoin Capital AG on European regulated exchanges such as SIX Swiss Exchange, with products accessible via standard bank and broker platforms.
Is FiCAS AG a public or private company?
FiCAS AG is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was FiCAS AG founded?
FiCAS AG was founded in 2015. It employs 1 to 10 people.
Where is FiCAS AG based?
FiCAS AG is headquartered in Zug, Switzerland, in the Europe region.
How does FiCAS AG make money?
One revenue line is on record: asset Management Fees.
Who are FiCAS AG's main competitors?
Direct peers on record are CoinShares, 21Shares, Grayscale Investments, ETC Group, Hashdex, Valour and Bitwise Asset Management. Broad incumbents are WisdomTree, VanEck and Invesco.
Does FiCAS AG have an API?
No public API is recorded for FiCAS AG.
What industry is FiCAS AG in?
FiCAS AG's product category is Cryptocurrency Asset Management. Its primary akta.pro industry code is FSADAHAC, Index-Tracking Funds, ETPs & Structured Index Products (Crypto). Its NAICS code is 523 and its SIC code is 6200.