- CoinShares becomes the first European crypto manager with a MiCA license across the EU.
- With MiCA, MiFID, and AIFM, CoinShares leads in regulated crypto asset management.
- MiCA license sets CoinShares apart as a trusted partner for institutional crypto investments.
CoinShares (CS) has been the first European crypto asset manager to receive a Markets in Crypto Assets (MiCA) license, awarded by the French Autorité des Marchés Financiers (AMF). The development allows CoinShares to provide regulated crypto portfolio management services in all EU member countries.
Founded in 2013 and publicly traded on the Nasdaq Stockholm exchange, CoinShares currently manages over $9 billion in assets. The firm now holds a trio of regulatory licenses: MiCA, MiFID, and AIFM.
MiCA License Marks Key Milestone for Crypto Industry
The MiCA license enables CoinShares to offer cryptocurrency investment products in a compliant and regulated environment. This makes it easier for institutional investors to integrate crypto assets into their portfolios. Jean-Marie Mognetti, CEO of CoinShares, expressed the significance of the MiCA license and stated,
Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry.
The MiCA license positions CoinShares to tap into the European market for regulated crypto products. With this license, the firm can provide its portfolio management services across the EU under a unified regulatory framework.
With the approval, CoinShares has the opportunity to scale up its operations in other countries, including Germany, the Netherlands, and Luxembourg, with the intention to extend its presence in Europe as a whole. This license complements its other MiFID and AIFM licenses, making CoinShares the first European asset manager to hold all three regulatory licenses.
The shift is a significant change in the institutional crypto environment. Investors such as wealth managers and pension funds have been cautious of investing in digital assets because of regulatory turmoil.
This framework will now grant such institutions a certain degree of clarity in investing in crypto products with more confidence. CoinShares also provides regulatory certainty and benefits from its reputation, which enhances its position. This puts CoinShares in a position to serve as a reliable counterpart to big investors who want to access digital assets.
CoinShares Sets the Standard with MiCA and Regulatory Excellence
While other cryptocurrency firms, such as Coinbase, Bybit, OKX, and Crypto.com, have secured MiCA licenses. CoinShares stands out as the first European asset manager to obtain a comprehensive regulatory stack. The firm’s combination of MiCA, MiFID, and AIFM licenses sets it apart from competitors and positions it as a leader in regulated crypto investment products.
Related: Bitvavo Gets MiCA License to Offer Crypto Across Europe
CoinShares has been a proponent of coupling innovation with regulation for a long time. The company sees a potential in the coexistence of digital money and classic finance with clearly set rules. This strategy can be confirmed by the MiCA license which allows CoinShares to provide institutional-quality portfolio management of both traditional and digital assets.
There is an increase in the demand for regulated products in crypto investments. The MiCA license issued to CoinShares enables the company to replicate its structured crypto products across the EU as demands increase among institutional investors. The success of CoinShares in acquiring the MiCA license can be viewed as part of a broader trend among institutions interested in regulated crypto investment products.
