Coinshares Claims First Continental Europe MiCA Asset Manager Status

Coinshares Asset Management has become the first continental European regulated asset manager authorized under the EU’s Markets in Crypto-Assets (MiCA) regulation.

Coinshares Asset Management Reaches MiCA Regulatory Milestone

According to the announcement shared with Bitcoin.com News, the authorization, granted by the French Autorité des marchés financiers (AMF) to the French subsidiary of Coinshares International Limited, creates a rare triple regulatory status for the firm. Coinshares now holds an AIFM license for alternative investments and UCITS, a MiFID license for traditional portfolio management and advice, and the MiCA authorization for crypto-assets.

This combination enables Coinshares to provide portfolio management services across all asset classes throughout the European Union. Its operations are currently passported in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands, with potential expansion across the EU.

The authorization addresses a gap in the European crypto investment landscape where many platforms operate as asset managers without full licensing or necessary separation of duties like custody and management, the announcement stated.

Jean-Marie Mognetti, Coinshares co-founder and CEO, called the authorization a pivotal milestone for the European digital asset industry, establishing a clear, harmonized regulatory structure. He stated it signals crypto‘s place within a professional, transparent regulatory environment and enables Coinshares to serve clients across all asset classes.

Coinshares, headquartered in Jersey and publicly listed on Nasdaq Stockholm (CS), is a digital asset investment firm managing over $9.7 billion. It is regulated in Jersey, France, and the U.S. “With MiCA, we now have a clear, harmonised 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,” the Coinshares co-founder remarked.