CoinShares Gains First MiCA Approval Among European Asset Managers on the Continent
CoinShares, a leading asset management firm, has secured authorisation under the Markets in Crypto-Assets (MiCA) Regulation, further solidifying its position as a pioneer in the European digital asset industry.
Based in Jersey, France, and the United States, CoinShares operates under multiple jurisdictions, enabling it to serve as a regulated counterparty for institutional investors requiring compliance with fiduciary standards.
The MiCA authorisation is considered crucial for maintaining proper separation between custody and management functions, an aspect that many competitors in the industry lack. This development provides institutional investors with compliant pathways to digital asset exposure through regulated channels.
CoinShares' French subsidiary now holds a triple regulatory license combination: Alternative Investment Fund Manager (AIFM), Markets in Financial Instruments Directive (MiFID), and MiCA. This comprehensive licensing allows the firm to provide investment services across all asset classes throughout the European Union's €33 trillion asset management market.
The MiCA authorisation enables CoinShares to extend its services across all member states of the EU. The authorisation was granted by France's Autorité des marchés financiers.
Jean-Marie Mognetti, the founder and CEO of CoinShares, hails from continental Europe and is the first asset manager to be regulatory-authorized under the MiCA regulation. Mognetti views the MiCA authorisation as a significant milestone for the European digital asset industry.
CoinShares is the only asset manager in Europe with comprehensive regulatory coverage across traditional and digital assets. Currently, the firm manages over $9 billion in assets and operates with passported services in eight EU countries.
The MiCA authorisation addresses a critical problem in European crypto management by providing proper licensing to platforms. European regulators are implementing MiCA as a harmonized framework for crypto-asset regulation.
Many platforms in Europe operate without the organisational structure required for institutional-grade services. By obtaining the MiCA authorisation, CoinShares demonstrates its commitment to professionalism, transparency, and investor-centricity in the crypto space.
CoinShares is publicly listed on Nasdaq Stockholm, further enhancing its credibility and appeal to institutional investors. The MiCA authorisation is a strong signal that crypto belongs within a professional, transparent, and investor-centric regulatory environment.
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