CoinShares (CS) announced that it has obtained a license under the European Union’s Markets in Crypto Assets (MiCA) regulation, becoming the first crypto asset manager based in continental Europe to achieve this status.
This approval enables the Saint Helier, Jersey-based firm to provide crypto portfolio management services throughout the 27-nation bloc under a unified regulatory framework. Operations are already expanded to countries such as Germany, the Netherlands, and Luxembourg, with potential for further growth, the company stated.
The license, awarded by France’s Autorité des Marchés Financiers (AMF), complements CoinShares’ existing permissions under the EU’s MiFID and AIFM directives, making it the only major European asset manager to possess all three credentials.
The firm believes this development could facilitate greater access to fully regulated cryptocurrency investment products within the €33 trillion ($38.7 trillion) European asset management sector.
“Receiving MiCA authorization from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry,” CEO Jean-Marie Mognetti remarked. “With MiCA, we now have a clear, harmonized structure across the EU, and CoinShares is proud to be the first in continental Europe to meet that standard as a fully regulated asset manager.”
Additionally, various other cryptocurrency firms have secured MiCA licenses, including exchanges like Coinbase, Bybit, OKX, and Crypto.com.
Founded in 2013 and publicly traded on Nasdaq Stockholm, CoinShares claims to manage over $9 billion in assets.
The company’s shares rose 1.7% to 120 krona ($12.66), marking an increase of more than 46% year-to-date.
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