Coinshares, the first European crypto asset management firm receives the MiCA license to run crypto operations and services in Europe.
With a license from France’s Autorité des Marchés Financiers (AMF), the company can now provide crypto portfolio management services across the entire EU under one unified regulatory framework.
With this license, the firm is authorized to provide crypto portfolio management services throughout the 27-nation bloc, operating under a single,
Coinshares announced on X,
The exchange is the only platform to have the three licenses – MiFID, AIFM and now MiCA.
MiFID is a cornerstone of EU financial regulation. Its primary goal is to create a single, integrated, and efficient European market for financial instruments.
The AIFMD focuses on regulating the manager of the alternative investment fund (the AIFM), rather than the fund itself.
Finally, MiCA, – Markets in Crypto-Assets aims at regulating the norms to be followed by crypto service providers. The rules act as a regulatory framework for crypto portfolio management service and consulting in general. This law covers pertinent angles of the crypto business in general.
“Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry.”
Jean-Marie Mognetti, CEO, Coinshares
It is worth noting that major exchanges like Bybit, OKX and crypto.com have secured the MiCA license.
CoinShares, founded in 2013 and listed on Nasdaq Stockholm, currently manages over $9 billion in assets. The company’s shares rose 1.7% to 120 krona ($12.66), marking a year-to-date increase of over 46%. With all the three pertinent licences needed to operate as a major investment group in Europe, Coinshares will potentially become a financial powerhouse in all of Europe.