Crypto Finance secures four Germany BaFin licenses ahead of MiCA

Rick Steves

“Our offering goes beyond trading to include settlement, custody, and post-trade services, creating a seamless experience for institutional investors seeking access to the dynamic world of digital assets”.

Crypto Finance AG, a member of the Deutsche Börse Group and a prudentially FINMA-supervised entity, has achieved a significant milestone by obtaining four licenses from the German Federal Financial Supervisory Authority (BaFin).

These licenses, acquired for its subsidiary Crypto Finance (Deutschland) GmbH, encompass regulated digital asset trading, settlement, and custody services in Germany.

“The highest benchmark in regulatory oversight”

Stijn Vander Straeten, CEO of Crypto Finance Group, said: “We are excited that Crypto Finance (Deutschland) GmbH is now licensed by BaFin, the highest benchmark in regulatory oversight, as a crypto custody provider in Germany. It distinguishes our offering as one of the few to meet these exceptionally high standards. This demonstrates our commitment to transparency and security but also positions us as a trusted entity in the market, contributing to the development of a reliable ecosystem for crypto assets”.

Eric Viohl, Managing Director Crypto Finance (Deutschland) GmbH, added: “Crypto Finance offers a comprehensive approach as a one-stop-shop solution for digital assets. Our commitment to covering the entire value chain sets us apart and we are now proud to be able to achieve significant milestones in Germany, where we offer highly regulated services. Our offering goes beyond trading to include settlement, custody, and post-trade services, creating a seamless experience for institutional investors seeking access to the dynamic world of digital assets”.

MiCA coming into effect soon in the European Union

The acquisition of the BaFin licenses by Crypto Finance (Deutschland) GmbH comes at a strategic time, just ahead of the implementation of the Markets in Crypto-Assets (MiCA) regulations by the European Union. The MiCA framework is designed to provide a harmonized regulatory regime for crypto-assets across the EU, aiming to protect investors and preserve financial stability while promoting innovation and fair competition. This comprehensive set of rules covers the authorization, operation, and oversight of crypto-asset service providers, ensuring transparency, security, and resilience in the sector.

MiCA will introduce standards for the issuance and trading of crypto-assets, including stablecoins, as well as measures against market abuse, thus enhancing the integrity of the digital asset markets. By securing the BaFin licenses in anticipation of MiCA, Crypto Finance (Deutschland) GmbH not only aligns itself with the current regulatory requirements in Germany but also positions itself favorably for the upcoming EU-wide regulations. This proactive approach underscores the company’s commitment to compliance and its readiness to operate within the evolving regulatory landscape.

BaFin-regulated digital asset trading, settlement, and custody

Crypto Finance, established in 2017, operates as a pioneer in the digital asset space, offering a broad spectrum of services tailored to institutional and professional clients.

This FINMA-regulated entity is part of the Deutsche Börse Group, emphasizing its reputable position in the financial industry. Its offerings are comprehensive, aiming to bridge traditional financial markets with the evolving digital asset ecosystem.

The services provided by Crypto Finance include:

Custody Solutions: Ensuring the secure storage of digital assets, highlighting their commitment to safety and regulatory compliance.
Trading Platforms: Offering 24/7 trading capabilities, enabling access to the dynamic crypto market with a fully regulated framework.
Investment Products: They offer various investment vehicles, such as the Crypto Market Index Fund, which mirrors the performance of the top ten crypto assets by market capitalization. Other products include the Portunus Fund, focusing on a diversified portfolio of high-quality crypto assets, and the Systematic DLT Fund, which aims to maximize returns through systematic and quantitative trading strategies. These products are designed to provide secure and regulated access to the new asset class, with easy subscription and redemption processes through banks or brokers​​​​.
Staking and Tokenisation Services: Enabling clients to earn rewards through custodial staking services and leveraging blockchain technology for tokenization.

Crypto Finance prides itself on being a trusted, regulated, and fully compliant partner for financial institutions, aiming to professionalize the digital asset market. They emphasize easy access to their products, fiat currency integration for transactions, and institutional-level product standards.

Their asset management arm, Crypto Finance (Asset Management) AG, stands as the first regulated crypto asset manager for collective investments authorized by FINMA, ensuring that crypto assets are stored at regulated banks in Europe​​.

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