CACEIS has announced the launch of a new digital assets business line offering digital asset custody and services that cover the “entire value chain, from issuing tokenised financial instruments to the distribution of tokenised fund shares”. CEO Jean-Pierre Michalowski claims in a press release that the firm is the first European asset servicing group to have a business line fully dedicated to digital assets.
The new line comes under Crédit Agricole CIB’s digital assets group, which brings together a team with “expertise in digital asset custody, IT infrastructure design, and related functions such as compliance, legal, and risk management”. It is desgined to work with CACEIS’ operating model for traditional assets, whether listed or unlisted.
The firm has developed an IT infrastructure that it claims can enable “custody of all types of digital assets”. It has achieved this by integrating with third-party platforms from digital asset infrastructure provider Taurus and blockchain compliance solutions provider Scorechain.
The aim of the new line is to set a “benchmark for digital asset servicing in Europe” and help clients benefit from CACEIS’ in-house digital expertise and the blockchain protocol “within a framework that is just as secure as that provided for traditional assets”.
