Citing Chainthink, on December 26, ABN AMRO's German subsidiary Hauck Aufhäuser Digital Custody received authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR), becoming one of the first institutions to operate under the unified regulatory framework. The subsidiary is now able to offer custody and trading services for crypto assets to institutional clients. MiCAR officially took effect on December 30, 2024. With approval from Germany’s BaFin, the subsidiary plans to expand its services across the EU. ABN AMRO also completed its first cross-border over-the-counter smart derivative contract (SDC) with DZ BANK, using blockchain technology to automate settlement, valuation, and collateral management. The 10-day transaction improved transparency and operational efficiency, with daily cash payments processed via SEPA and returned to the smart contract.
ABN AMRO Launches Blockchain-Based Derivatives Under EU MiCAR Framework
ChainthinkShare
Summary
ABN AMRO’s German subsidiary Hauck Aufhäuser Digital Custody received authorization under the EU Markets in Crypto-Assets Regulation on December 26, becoming one of the first institutions to operate under the compliance framework. The subsidiary now offers custody and trading services for crypto assets to institutional clients. MiCAR officially took effect on December 30, 2024. With approval from Germany’s BaFin, the subsidiary plans to expand across the EU. ABN AMRO also executed its first cross-border OTC smart derivative contract with DZ BANK, using blockchain to automate settlement and collateral management. The 10-day transaction improved transparency, with daily cash payments processed via SEPA and returned to the smart contract.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.