StoneX Digital, a subsidiary of US-based financial services firm StoneX, has secured its licence as a crypto-asset service provider (CASP) under the Markets in Crypto-Assets Regulation (MiCAR).
Prior to obtaining the licence, StoneX Digital has been operating as a virtual asset service provider for more than a year. The change in its status gives it a green light to expand its digital asset execution and custody services across the EU.
StoneX COO, Stuart Davison, says that attaining the licence is in line with the firm’s goal to help its institutional and corporate clients “integrate new products and technologies into their existing operating and investment frameworks… without disrupting how they already operate”.
Advertisement
