CACEIS Bank announced it was authorized by the ACPR, France’s banking and insurance regulator, following the advice of the AMF, France’s financial sector regulator, to provide crypto-asset services in accordance with the Markets in Crypto-Assets (MiCA) Regulation in Europe. CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers and institutional investors with offices across Europe, North and South America, and Asia.
CACEIS Bank now benefits from European passporting that allows it to provide crypto-asset services in all EU countries. This is a major step in the roll-out of the group’s digital asset strategy, allowing it to offer the following services to third-parties:
- Custody and administration of crypto-assets
- Reception and transmission of orders (RTO)
- Transfers of crypto-assets
Laurent Majchrzak, Group head of Digital Assets at CACEIS, said in a statement that the MiCA authorisation “strengthens our position as a trusted third party, supporting the transformation of financial markets. By offering our clients the opportunity to invest in both traditional financial instruments and crypto-assets within the same portfolio, we are enhancing CACEIS’ value proposition”.