$2.3 Trillion Asset Management Giant Seeks Crypto Custody License in France

One of Europe’s largest asset-servicing groups, CACEIS Bank, has secured a license from the Autorité des Marchés Financiers (AMF) to provide crypto custody services in France.

The banking arm of the CACEIS group, owned by Credit Agricole and Santander, has been granted PSAN (Prestataires de Services sur Actifs Numériques) status, allowing it to operate as an authorized custodian for crypto assets.

This milestone marks CACEIS as the sole French custody specialist with this esteemed status, positioning it to cater to the growing demand from investment management firms and institutional investors.

CACEIS’s Crypto Custody Services

CACEIS Bank’s newly acquired PSAN status enables the institution to offer secure digital asset custody services to third parties.

With the increasing interest in cryptocurrencies and blockchain-based assets, CACEIS aims to meet the needs of investment management companies and institutional investors while ensuring the same level of security as traditional assets.

The company’s crypto custody services are built on a foundation of security, compliance, and innovation. CACEIS uses state-of-the-art technology to store clients’ private digital keys, and it is fully compliant with all applicable regulations.

The company is also committed to innovation, and it is constantly exploring new ways to improve its crypto custody services.

CACEIS’s Industry Position

With assets under administration totaling a staggering $2.3 trillion, CACEIS is a prominent player in the asset-servicing industry, catering to institutional and corporate clients.

The company’s registration as a digital asset service provider (DASP) further solidifies its position in the digital asset custody space.