Asset servicer Caceis Bank has been authorised by the French banking and insurance regulator, the ACPR, following a recommendation from the AMF, France’s financial markets authority, to provide crypto asset services under the EU’s Markets in Crypto Assets (MiCA) regulation.
MiCA is the EU’s regulatory framework for crypto-assets, designed to ensure investor protection and market stability. The authorisation, granted in accordance with Article 60 of the MiCA notification procedure, enables Caceis to offer a range of crypto-asset services on behalf of third parties, including the conservation and administration of crypto assets, the reception and transmission of orders and the transfer of crypto assets.
The steady rise of tokenisation in asset management
With this approval, Caceis Bank now benefits from the EU-wide passport, allowing it to provide these services across all EU member states.
A subsidiary of Crédit Agricole and Santander, Caceis is a provider of asset servicing solutions for asset management firms and institutional investors.
Laurent Majchrzak, group head of digital assets at Caceis, commented: “We are proud to obtain this MiCA authorisation. It 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.”
