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Europe's growing asset services sector reached an important milestone when the Autorit de Marches Financiers (AMF) authorized a major group to expand its services into cryptocurrency custody.
CACEIS Bank, the banking arm of the France-based CACEIS Group, recently achieved the milestone of being recognized by the MFA as a cryptocurrency repository. With the new PSAN feature, banks can securely store users' private keys, enabling them to confidently participate in the digital asset space.
This development strengthens CACEIS Bank's position as a trusted institution in the ever-changing world of cryptocurrencies.
CACEIS, a financial institution, is majority owned by banking powerhouses Crédit Agricole and Santander.
CACEIS is proud to announce that it has been recognized as the only French security company to have achieved the prestigious PSAN status .
The PSAN status allows CACEIS Bank to provide digital asset protection services to third parties and respond to the growing demands from investment management firms and institutional investors. This is the first stage in the development of an innovative offering for the protection of digital assets that provides the same level of security as traditional assets.
This situation ensures that the digital asset ecosystem in which CACEIS operates is built on trust.
According to CACEIS Digital Chief Arnaud Miset ;
Practically, we provide secure storage for our customers' private digital keys using the latest technology.
As announced on the AMF website on June 20, CACEIS recently strengthened its position as a Digital Asset Services Provider (DASP) by successfully registering with the AMF.
CACEIS is a leading force in the wealth services industry serving institutional and corporate clients. With an impressive $2.3 trillion in assets under management, they are trusted with financial portfolio management.
Their extensive experience and reach make them ideal for clients looking for a comprehensive property services solution.
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