According to PandoraTech News, European crypto asset management company CoinShares announced that it has successfully obtained the EU's Markets in Crypto-Assets (MiCA) license, becoming the first crypto asset management company to obtain this license. The license, issued by the French Financial Markets Authority (AMF), provides CoinShares with the legal basis to provide crypto asset portfolio management services throughout the 27-nation EU.

CoinShares has triple regulatory qualifications, opening up a compliance channel

CoinShares stated that the MiCA license represents a significant milestone in its regulatory compliance strategy. This license, along with its existing Markets in Financial Instruments Directive (MiFID) and Alternative Investment Fund Managers (AIFM) licenses, will form a triple regulatory framework, ensuring comprehensive compliance support for its operations at the intersection of traditional finance and crypto assets.

Jean-Marie Mognetti, CEO of CoinShares, said: "MiCA is a significant step forward in the reform of European financial regulation, and we are proud to be among the first to comply. This allows us to offer diversified crypto asset allocation strategies to our institutional and high-net-worth clients in a fully compliant manner."

MiCA officially launched, EU asset management industry opens to cryptocurrencies

MiCA is the first unified crypto-asset regulatory regulation in the history of the European Union. It was officially passed in 2023 and will take effect gradually from 2024. Its core goal is to provide clear regulatory guidance for the issuance, trading, custody and management of crypto-assets and ensure investor protection.

According to data from the European Fund and Asset Management Association (EFAMA), the EU's current asset management market is approximately $38.7 trillion. CoinShares believes that with the implementation of the MiCA regulation, this massive market will have unified standards for the first time, facilitating large-scale entry into crypto investment by traditional institutions.

Asset size and market performance

CoinShares currently manages over $9 billion in assets under management (AUM), primarily offering services including Bitcoin, Ethereum, structured crypto investment products, and index funds. This year, driven by positive factors such as the Bitcoin ETF market and the influx of institutional funds, the company's stock price has risen by over 46%, reflecting market confidence in its business expansion potential.

✍️ PandoraTech’s opinion:

CoinShares' MiCA license marks the beginning of a new era of crypto compliance for the European asset management industry. This not only expands CoinShares' product offering capabilities but also provides a reliable compliance structure for traditional funds. This will encourage more asset managers to consider crypto assets and further strengthen the EU's role in the global crypto-financial system.

MiCA serves as a bridge between policy innovation and regulation, and may trigger the US and Asian markets to accelerate the development of regulatory frameworks in the next one to two years in response to the market compliance advantages brought by the EU.

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