CoinShares, a leading European crypto asset management company, has secured a significant step forward by obtaining a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. With its headquarters in Jersey, this new development allows CoinShares to manage crypto assets across all EU member states under a consolidated regulatory framework. The license was issued by France’s AMF, providing the firm access to markets in Germany, the Netherlands, and Luxembourg and further extending its European footprint. CEO Jean-Marie Mognetti emphasized the importance of the MiCA license for offering a unified regulatory structure. Being listed on Nasdaq Stockholm, CoinShares manages assets exceeding $9 billion.
What Does the MiCA License Mean for CoinShares?
With the MiCA license, CoinShares is now able to offer its crypto asset management services throughout the EU with one unified authorization. This streamlining allows CoinShares to bypass fragmented national mandates, helping to fortify its market presence across various countries. The firm’s future plans encompass further expansion across the continent under this consolidated regulatory framework.
CoinShares already possesses MiFID and AIFM licenses, and the MiCA license enhances its regulatory portfolio. The company aims to solidify its stance as a pioneering force in regulated crypto products within the European market, which is valued at 33 trillion euros.
Why Might Triple Licensing Offer a Competitive Advantage?
CoinShares views itself as completely regulated under the combination of MiCA, MiFID, and AIFM licenses, which it assumes serves as a strategic edge. This framework could simplify compliance for institutional investors and widen access to cryptocurrency-oriented investment options. According to the firm, no other entity in Europe matches this triple-license capacity.
Alongside notable crypto exchanges like Coinbase, Bybit, OKX, and Crypto.com, CoinShares has secured the MiCA license. CoinShares, founded in 2013, distinguishes itself as the first Europe-focused crypto asset management firm to attain this milestone. The firm aims to capture burgeoning institutional interest, delivering shareholder profits even as short-term stock gains remain at 1.7%, achieving a substantial 46% increase year-to-date.
Key insights from CoinShares’ MiCA license acquisition include:
- Unified EU market access under one license.
- A 46% increase in stock valuation this year.
- Potentially streamlined institutional investor compliance.
- Pioneering regulated crypto products within Europe’s robust market.
The strategic license acquisition is expected to propel CoinShares forward in the dynamic European financial landscape, reinforcing its pioneering role in the crypto asset management industry. The firm continues to aim for growth, adaptability, and innovative investment avenues, expanding its role as a key player in this burgeoning market.
