Certainly one of Europe’s largest asset-servicing teams has lately been granted the license by the monetary market regulator Autorité des Marchés Financiers (AMF) to supply crypto custody providers in France.
Based on a brand new press launch, CACEIS Financial institution, the CACEIS group’s banking arm in France, simply received PSAN (Prestataires de Companies sur Actifs Numériques) standing from the AMF, which permits the monetary establishment to function as a crypto asset custodian licensed to retailer customers’ personal keys.
CACEIS is owned by banking giants Credit score Agricole and Santander.
In a press release, CACEIS says it’s the solely French custody specialist to be granted PSAN standing.
“PSAN standing permits CACEIS Financial institution to supply digital asset custody providers to 3rd events and reply to rising demand from funding administration firms and institutional buyers. It’s the first milestone in the event of an modern digital asset custody supply that gives the identical degree of safety as for conventional belongings…
This standing ensures that the digital belongings ecosystem, in which CACEIS operates, is constructed with reliability at its core.”
Says Arnaud Misset, CACEIS’ chief digital officer,
“In sensible phrases, we are going to present safe storage for our shoppers’ personal digital keys leveraging state-of-the-art expertise.”
Based on AMF’s web site, CACEIS registered as a digital asset service supplier (DASP) on June twentieth.
CACEIS is likely one of the main gamers in the asset-servicing trade for institutional and company shoppers with belongings underneath administration to the tune of $2.3 trillion.
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