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CoinShares, a Europe-focused crypto asset management company, has proudly announced that it has received a license under the European Union’s Markets in Crypto-Assets (MiCA) regulation. Headquartered in Saint Helier, Jersey, this move enables the company to offer crypto-focused asset management across the 27-member bloc under a unified framework. The license was granted by France’s financial authority, the AMF, placing CoinShares in a passported position in countries like Germany, the Netherlands, and Luxembourg. CEO Jean-Marie Mognetti underscored MiCA’s importance for delivering a clear and consistent structure. CoinShares, listed on Nasdaq Stockholm, manages over $9 billion in assets.
Significance of the MiCA License for CoinShares
The MiCA license grants CoinShares the ability to manage its crypto portfolio services across the European Union with a single authorization. The company has already expanded its operations into Germany, the Netherlands, and Luxembourg and aspires to extend further. With the MiCA license, CoinShares can now operate under a unified regulatory framework rather than scattered national regimes.
The MiCA license, awarded by AMF, complements CoinShares’ existing MiFID and AIFM licenses. CoinShares prides itself on being the only major European asset management firm holding these three distinct regulatory pillars simultaneously. Additionally, the company believes that this development creates a foundation for introducing regulated crypto-focused products within the European asset management sector, which holds a valuation of 33 trillion euros.
Triple License Approval Provides a Competitive Edge
CoinShares positions itself as being “fully regulated” by combining MiCA, MiFID, and AIFM frameworks, seeing this as a competitive advantage. This regulatory framework potentially reduces institutional investors’ compliance concerns, increasing access to crypto-focused investment products. The company argues that no similar requirement exists in Europe with this triple license set.
Well-known crypto exchanges like Coinbase, Bybit, OKX, and Crypto.com have also acquired the MiCA license; however, CoinShares claims to be the first Europe-headquartered crypto asset management firm to achieve this milestone. Established in 2013, CoinShares seizes the growing institutional interest, offering shareholders positive returns. While short-term stock gains appear limited at 1.7%, the year-to-date increase stands impressively at 46%.
