CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has been registered by France's Financial Markets Authority to provide crypto custody services.
CACEIS Bank Has Been Registered by France's Financial Markets Authority
CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has been registered by France's Financial Markets Authority to provide crypto custody services.
The bank, which provides services to asset managers such as insurers, pension funds and private equity, has €4.6 trillion ($5.1 trillion) of assets under custody. It joins other traditional financial institutions like Societe Generale's Forge and AXA Investment Managers in receiving recognition under one of Europe's most sophisticated regulatory frameworks for cryptocurrencies.
For those offering cryptocurrency custody, exchange, or trading services in France, registration with the AMF is required. The decision is the most recent in a line of traditional finance companies expressing interest in entering the cryptocurrency market.
Earlier this week, Deutsche Bank revealed it was seeking a crypto custody license in Germany, while Invesco, WisdomTree filed for a spot Bitcoin ETF following BlackRock’s application.
