CoinShares Sets a Milestone as First Regulated Asset Manager in Europe to Obtain MiCA Authorization
CoinShares International Limited, a premier investment firm based in Europe, has made history by receiving authorization under the Markets in Crypto-Assets (MiCA) Regulation. This is a significant achievement, as it designates CoinShares as the first regulated asset management company in continental Europe to reach this milestone. The company, which specializes in digital assets and boasts management of over $9 billion, made the announcement through its French subsidiary, CoinShares Asset Management.
The achievement underscores CoinShares’ commitment to establishing a well-regulated environment for cryptocurrency investment. By acquiring a unique triple regulatory license, CoinShares is now equipped to offer investment services across the diverse €33 trillion asset management market across Europe. This license amalgamates several key regulations:
1. AIFM License: Allows for the management of alternative investment funds and delegated UCITS management.
2. MiFID License: Provides portfolio management and investment advice related to traditional financial instruments.
3. MiCA Authorization: Enables the management and advisory of crypto-assets portfolios.
This regulatory approval allows CoinShares to extend its portfolio management services to an array of asset classes and investment vehicles, making them an essential player in the evolving digital landscape. Current passporting rights enable operations in various EU member states, including Germany, Cyprus, Ireland, Lithuania, Luxembourg, and Malta, with plans for further expansion.
Jean-Marie Mognetti, the co-founder and CEO of CoinShares, emphasized that attaining MiCA authorization marks a pivotal moment for both the company and the broader European digital asset industry. He articulated that, for a substantial duration, asset managers in the crypto sphere have worked within fragmented or makeshift regulatory frameworks. With the MiCA framework now existing, CoinShares is poised as a frontrunner in adhering to a unified regulatory landscape across the EU, enhancing professional standards within crypto asset management.
The significance of this authorization cannot be understated, as it addresses critical gaps prevalent in the European crypto investment marketplace. Many platforms operate without the required regulatory frameworks, leading to potential risks in management and custody of client assets. CoinShares' adherence to these standards ensures a degree of protection and oversight, asserting the legitimacy of crypto-assets in institutional investment.
CoinShares stands out uniquely among European firms by providing genuine professional active management services across both traditional and digital assets. This capability is complemented by the assurance of appropriate segregation between management and custody functions, and compliance with fiduciary standards. The firm is now positioned to offer state-of-the-art portfolio management services robustly regulated at the EU level.
The organization has continually prioritized innovation alongside a firm commitment to governance excellence. This regulatory foundation allows CoinShares to cater to an extensive client base ranging from individual investors to large corporations, emphasizing transparency and professionalism within asset management.
Founded in 2013 and headquartered in Jersey, CoinShares operates with regulatory oversight from multiple financial authorities, including the Jersey Financial Services Commission and the French Autorité des marchés financiers. With its presence expanding in key markets, including France and the UK, CoinShares represents a growing segment of the financial landscape focused on integrating traditional investment with cryptocurrency opportunities.
For further information or to learn about investment opportunities through CoinShares, visit their official website at https://coinshares.com. Investors can experience a trustworthy and regulated environment, combining both traditional and innovative financial avenues to meet their investment needs.
The achievement underscores CoinShares’ commitment to establishing a well-regulated environment for cryptocurrency investment. By acquiring a unique triple regulatory license, CoinShares is now equipped to offer investment services across the diverse €33 trillion asset management market across Europe. This license amalgamates several key regulations:
1. AIFM License: Allows for the management of alternative investment funds and delegated UCITS management.
2. MiFID License: Provides portfolio management and investment advice related to traditional financial instruments.
3. MiCA Authorization: Enables the management and advisory of crypto-assets portfolios.
This regulatory approval allows CoinShares to extend its portfolio management services to an array of asset classes and investment vehicles, making them an essential player in the evolving digital landscape. Current passporting rights enable operations in various EU member states, including Germany, Cyprus, Ireland, Lithuania, Luxembourg, and Malta, with plans for further expansion.
Jean-Marie Mognetti, the co-founder and CEO of CoinShares, emphasized that attaining MiCA authorization marks a pivotal moment for both the company and the broader European digital asset industry. He articulated that, for a substantial duration, asset managers in the crypto sphere have worked within fragmented or makeshift regulatory frameworks. With the MiCA framework now existing, CoinShares is poised as a frontrunner in adhering to a unified regulatory landscape across the EU, enhancing professional standards within crypto asset management.
The significance of this authorization cannot be understated, as it addresses critical gaps prevalent in the European crypto investment marketplace. Many platforms operate without the required regulatory frameworks, leading to potential risks in management and custody of client assets. CoinShares' adherence to these standards ensures a degree of protection and oversight, asserting the legitimacy of crypto-assets in institutional investment.
CoinShares stands out uniquely among European firms by providing genuine professional active management services across both traditional and digital assets. This capability is complemented by the assurance of appropriate segregation between management and custody functions, and compliance with fiduciary standards. The firm is now positioned to offer state-of-the-art portfolio management services robustly regulated at the EU level.
The organization has continually prioritized innovation alongside a firm commitment to governance excellence. This regulatory foundation allows CoinShares to cater to an extensive client base ranging from individual investors to large corporations, emphasizing transparency and professionalism within asset management.
Founded in 2013 and headquartered in Jersey, CoinShares operates with regulatory oversight from multiple financial authorities, including the Jersey Financial Services Commission and the French Autorité des marchés financiers. With its presence expanding in key markets, including France and the UK, CoinShares represents a growing segment of the financial landscape focused on integrating traditional investment with cryptocurrency opportunities.
For further information or to learn about investment opportunities through CoinShares, visit their official website at https://coinshares.com. Investors can experience a trustworthy and regulated environment, combining both traditional and innovative financial avenues to meet their investment needs.
Topics Financial Services & Investing）
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