Coinshares (CS) said that he had received a license under European Union markets in cryptographic assets (MICA), the first asset manager of crypto based in continental Europe to qualify.
The approval allows the company Saint Helier, based in Jersey, to offer crypto portfolio management services through the block of 27 nations in a single harmonized regulatory framework. Operations have already passed through countries such as Germany, the Netherlands and Luxembourg, and it could still develop, said the company.
The license, granted by the financiers of France Authority of Martes (AMF), joins the existing authorizations of Coinshares under the EU directives and AIFM of the EU. This says the company, in fact the only major European asset manager to hold the three skills titles.
This is a step which, according to the company, could help open the 33 Billions of euros (38.7 billions of dollars) in the European asset management industry with more regulated cryptocurrency investment products.
“The reception of the AMF Mica authorization is a central step, not only for Coinshares, but for the entire European digital asset industry,” said CEO Jean-Marie Mognetti in the press release. “With Mica, we now have a clear and harmonized structure through the EU, and Coinshares is proud to be the first in continental Europe to respect this standard as a fully regulated active manager.”
Various other cryptocurrency companies, it is worth adding, have obtained mica licenses, including Coinbase, Bybit, Okx and Crypto.com exchanges.
Founded in 2013 and listed on the Nasdaq Stockholm, Coinshares says that it manages more than $ 9 billion in assets.
The company’s shares increased 1.7% to 120 krona ($ 12.66). They have increased by more than 46% since the start of the year.
