CoinShares First EU Asset Manager to Gain MiCA Authorisation
Main Idea
CoinShares' French unit has become the first EU-based digital asset manager to receive MiCA authorization, enabling it to offer professional investment services across the EU under the new regulatory framework.
Key Points
1. CoinShares' MiCA authorization allows it to operate under a legal and operational framework for professional investment management services in the EU.
2. The firm's passporting now includes jurisdictions like France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands.
3. Jean-Marie Mognetti, CEO of CoinShares, described the authorization as a pivotal milestone for the European digital asset industry.
4. Patrick Hansen noted that 59 MiCA authorizations have been granted in the EU, including 39 for Crypto Asset Service Providers (CASPs) and 14 for stablecoin issuers.
5. CoinShares has also filed for a Solana ETF in the U.S., which, if approved, would be listed on Nasdaq and offer direct exposure to SOL.
Description
CoinShares, one of Europe’s leading digital asset managers, has announced its French subsidiary, CoinShares Asset Management, has received authorisation under the Markets in Crypto-Assets (MiCA) Regulation. With this latest approval, CoinShares became the first regulated asset management firm in continental Europe to be authorised under MiCA. The MiCA authorisation adds to CoinShares’ existing regulatory approvals, making it the only asset management firm in continental Europe currently holding ...
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