CACEIS has obtained the status of digital asset service provider in France, and of virtual asset service provider in Spain and Luxembourg. In a press release, the bank credits the launch of its digital assets business line at the beginning of the year and its “tight integration” into the standard client servicing offer for this development.
In addition to its relatively new digital asset custody service, CACEIS also offers trading support for cryptocurrencies and stablecoins for Europe-based institutional and corporate clients. The group aims to provide “a secure and regulated environment offering a similar level of protection to that enjoyed by traditional financial assets”.
Laurent Majchrzak, global head of digital assets at CACEIS reveals that integrating the new digital asset services into the bank’s standard servicing offer “simplifies the entire process for clients who might be experimenting with blockchain technology and including crypto assets in their investment portfolios”. He believes that these services could represent a step towards “the safe and secure adoption” of new technology by traditional finance players.
