CACEIS Bank, a prominent asset-servicing group in Europe, has obtained a license from the Autorité des Marchés Financiers (AMF) to offer crypto custody services in France. This significant development allows CACEIS Bank, owned by Credit Agricole and Santander, to store users’ private keys and cater to the increasing demand from institutional investors and investment management companies.
CACEIS Becomes Exclusive French Custody Specialist :
With its newly acquired PSAN (Prestataires de Services sur Actifs Numériques) status, CACEIS Bank is the sole French custody specialist authorized by the AMF. This milestone enables CACEIS Bank to provide secure digital asset custody services, ensuring a reliable ecosystem for the growing world of digital assets parallel to traditional assets.
Enhancing Security with Cutting-Edge Technology :
Arnaud Misset, CACEIS’ chief digital officer, emphasises their commitment to security, stating they will leverage state-of-the-art technology to ensure secure storage for clients’ private digital keys. The granting of PSAN status is the first step in their innovative digital asset custody offering, assuring security on par with traditional assets.
AMF Registration Solidifies CACEIS’ Position :
CACEIS successfully registered as a digital asset service provider (DASP) with the AMF on June 20th, cementing its role in the digital asset landscape. With assets under administration exceeding $2.3 trillion, CACEIS is a leading player in the asset-servicing industry, trusted by institutional and corporate clients.
Meeting the Growing Demand for Crypto Custody :
CACEIS Bank recognizes the rising demand from investment management companies and institutional investors for secure digital asset custody solutions. With PSAN status, they can now cater to these needs by offering trusted custodial services. This development signifies a significant step forward in providing the same level of security for digital assets as traditional assets.
CACEIS Bank’s recent license grant by the AMF marks a milestone in the financial industry, enabling them to serve as a trusted custodian for digital assets in France. By combining state-of-the-art technology with reliability, CACEIS Bank reinforces its position as a leader in the evolving digital asset landscape.