CoinShares International Limited (Nasdaq Stockholm: CS), the European investment company specializing in digital assets with over $9 billion in assets under management, announced its French subsidiary, CoinShares Asset Management, received authorization under the Markets in Crypto-Assets (MiCA) Regulation.
This authorisation positions CoinShares as the asset management firm in Europe to hold a a “triple regulatory license combination, enabling investment services across all asset classes” throughout the European Union:
- AIFM License – Alternative Investment Fund Management and delegated UCITS management
- MiFID License – Portfolio management and investment advice on traditional financial instruments
- MiCA Authorisation – Portfolio management and advice on crypto-assets
The MiCA authorisation enables CoinShares to provide “institutional-grade portfolio management services across all asset classes and investment vehicle types throughout the EU, with operations passported in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands, with possibility to extend across all EU member states.”
This regulatory achievement addresses a gap in the European crypto investment landscape, where platforms present themselves “as asset managers without the proper licensing, organizational structure, or separation of duties between custody, administration, execution, and portfolio management functions.”
Jean-Marie Mognetti, Co-Founder and CEO of CoinShares commented:
“Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry. For too long, asset managers operating in crypto have been confined to partial or improvised regulatory frameworks. With MiCA, we now have a clear, harmonised structure across the EU.”
The regulatory framework positions the Group in Europe being capable of:
- Providing genuine professional active management services across both traditional and digital assets
- Offering services through clients’ preferred platforms with proper segregation of custody and management duties
- Delivering institutional-grade portfolio management with EU regulatory oversight
- Serving as a regulated counterparty for institutional investors requiring compliance with fiduciary standards
As covered, CoinShares is a global digital asset manager “that delivers a range of financial services across investment management, trading, and securities to an array of clients that include corporations, financial institutions, and individuals.”
Founded in 2013, the firm is headquartered in Jersey, with “offices in France, Stockholm, the UK, and the US.”
CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority.
CoinShares is publicly listed “on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.”