Kriptomat, one of Estonia’s leading and oldest cryptocurrency companies, has appointed experienced industry experts Ermo Eero, Mari-Liis Soe, and Erki Koldits to its supervisory board. They will provide strategic advice to support the company’s management and help ensure that Kriptomat’s business operations remain transparent, fully compliant, and aligned with the upcoming MiCA (Markets in Crypto-Assets) regulation.

The experts appointed to Kriptomat’s supervisory board bring extensive knowledge from the financial sector. Ermo Eero is a recognised financial expert whose knowledge of banking, crowdfunding, and IT law will support Kriptomat’s growth and transparency. Mari-Liis Soe has extensive experience in the finance sector and is the co-founder and leader of Complok, a compliance tool designed for businesses in the financial sector, specialising in compliance solutions for the financial industry. Erki Koldits is the co-founder of the payments platform Zlick, as well as an established angel investor and a member of the Estonian Business Angels Network.

With the appointment of the supervisory board, Kriptomat, which is the second oldest crypto company in Estonia, becomes one of the few industry companies whose day-to-day management is supported by a panel of experts. Additionally, the company is actively investing in new compliance and IT solutions to ensure the security and efficiency of its platform under the most demanding market conditions. The establishment of the supervisory board is part of Kriptomat’s strategy to prepare for broader regulatory changes in Europe and beyond.

“For us, it was paramount that the board consists of experts who understand the risks of the financial and crypto sectors, how to mitigate them, and how to ensure transparency, compliance with all legal requirements, the continued trust of our clients, as well as understand the avenues for future growth,” commented Kriptomat Group’s CEO Serge Mahmutovic. “Today’s board offers precisely these competencies, and I am extremely pleased that they have decided to contribute their time and knowledge to Kriptomat.”

He added that although the MiCA regulation, which mandates the need for a supervisory board, will only come into effect in 2026, Kriptomat has always aimed to stay one step ahead in regulatory compliance. “We are proud that our new supervisory board will continue to help us ensure transparency and compliance with future regulations and secure the trust of our clients,” he added.

Ermo Eero, the newly appointed chair of the Kriptomat supervisory board, emphasised that transparency and strong compliance principles should be the top priority for all companies operating in the financial sector.

“In recent years, Kriptomat has done an excellent job in this area, and the new board composition alone shows that they take this matter seriously. I am very excited to take on this new challenge alongside Mari-Liis and Erki and to contribute all my knowledge and skills to Kriptomat’s continued success,” he said.

As the only cryptocurrency company to reach the finalist stage of the ICA Compliance Awards in both 2023 and 2024, Kriptomat is an Estonia-based company with a pan-European reach, offering users the opportunity to trade a wide range of different virtual currencies. The company’s goal is to make cryptocurrency trading safe, convenient, and fully transparent, adhering to all regulations and supporting the adoption of increasingly stringent and comprehensive rules. The establishment of the supervisory board is a step in Kriptomat’s long-term commitment to the sustainable and secure development of the cryptocurrency market in Estonia and Europe.