In recent weeks, GOin became the first crypto asset manager to receive a Digital Asset Service Provider License (DASP – agrément en qualité de prestataire de services sur actifs numériques -PSAN) issued by the French Autorité des marchés financiers (AMF).
GOin is approved to offer:
- Digital assets custody
- Purchase/sale of digital assets for legal tender
- Trading of digital assets against other digital assets
- Portfolio management of digital assets on behalf of third parties
- Advice to subscribers of digital assets
When GOin was approved by the AMF, Tangi Le Calvez, CEO of GOin, said they had been working on developing a regulated and secure platform for years.
“Obtaining this license rewards all our efforts and enables us to offer institutional investors a solution to develop their activity in the field of crypto-assets. It also gives us the opportunity to quickly obtain a CASP authorisation under the MiCA regulation – effective in 2025 – paving the way for our expansion throughout the European Union.”
The law firm of De Gaulle Fleurance advised GOin on the DASP. GOin was represented by Anne Maréchal, partner, Léa Oïffer-Bomsel, senior associate, and Julie Bader, an associate, at De Gaulle Fleurance.
Maréchal commented on the approval, saying they are proud to have supported the first crypto asset manager approved by the AMF.
“This illustrates the attractiveness of French and European regulations for innovative companies, including start-ups, in on-chain finance, which make this approval a decisive competitive advantage and an indispensable guarantee of confidence in this market.”
De Gaulle Fleurance noted that the integration of blockchain tech and the commitment to data security and protection of assets was key to the approval. The firm says that GOin is the first French crypto-asset manager to achieve ISO 27001:2022 certification, the benchmark international standard for information security management.
The approval by AMF also positions GOin to operate under the EU crypto rules MiCA.
