ClearBank Europe has received confirmation from the Dutch Authority for the Financial Markets (AFM) to operate as a crypto-asset service provider under the EU’s Markets in Crypto-Assets Regulation (MiCAR), according to a company statement.
The bank says it is the first Dutch credit institution to complete the notification process, allowing it to offer digital asset services in Europe.
Following the approval, ClearBank Europe plans to offer access to stablecoins including Euro Coin (EURC) and USD Coin (USDC) through Circle’s Mint platform. The setup will allow clients to convert between fiat currencies and digital assets within the bank’s environment.
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According to the statement, this creates a link between traditional payment systems and blockchain-based networks, with a focus on cross-border transactions and settlement.
Chief executive Tristan Kirchner said the approval “enables us to bring digital asset capabilities into a regulated clearing environment for the first time”.
Part of wider rollout
The European launch is described as the first step in ClearBank’s broader digital assets strategy, with activities developing in line with local regulation.
The press release also refers to a separate UK initiative, where ClearBank has expanded its partnership with Coinbase to support a savings account offering connected to a digital assets platform.
