France licenses 2.3 Billion-Dollar Asset Management Firm For Crypto Custody

Europe’s thriving asset-servicing industry achieves a significant milestone as the Autorité des Marchés Financiers (AMF) authorizes a prominent group to extend its services into crypto custody, bolstering France’s evolving digital asset landscape.

CACEIS Bank: Leading the Way as a Recognized Crypto Asset Custodian

CACEIS Bank, the banking arm of CACEIS group in France, has achieved a significant milestone with its recent recognition by the AMF as a crypto asset custodian. With the newly acquired PSAN status, the bank can securely store users’ private keys, enabling them to participate in the digital asset space with confidence.

This recognition by the AMF will enable CACEIS Bank to provide a secure custodial service to its clients, offering them a safe and reliable way to store their digital assets.

This will give clients access to a range of digital asset products, such as cryptocurrency, that were previously unavailable.

This development strengthens CACEIS Bank’s position as a trusted institution in the ever-evolving world of cryptocurrencies.

CACEIS, a financial institution, enjoys the formidable ownership of banking powerhouses Credit Agricole and Santander.

With great pride, CACEIS announces that it has been recognized as the only French custody company to achieve the prestigious PSAN status.

PSAN status enables CACEIS Bank to offer digital asset custody services to third parties and respond to growing demand from investment management companies and institutional investors. It is the first milestone in the development of an innovative digital asset custody offer that provides the same level of security as for traditional assets…

This status ensures that the digital assets ecosystem, in which CACEIS operates, is built with reliability at its core.

According to Arnaud Misset, the Chief Digital Officer of CACEIS,

In practical terms, we will provide secure storage for our clients’ private digital keys leveraging state-of-the-art technology.

CACEIS recently solidified its position as a digital asset service provider (DASP) by successfully registering with AMF, as stated on the AMF website on June 20th.

CACEIS is a prominent force in the asset-servicing sector, catering to institutional and corporate clients. With an impressive $2.3 trillion worth of assets under administration, they command a position of trust and reliability in managing financial portfolios.

This is due to their commitment to client service excellence and secure infrastructure. They are also well-known for their wide range of services, covering everything from custody and asset management to treasury and securities services.

Their expertise and extensive reach make them a preferred choice for clients seeking comprehensive asset-servicing solutions.