CACEIS is a major player in asset servicing in Europe, and is taking steps to strengthen its digital strategy by establishing a Digital Assets business line to meet growing demand from investment management companies and institutional investors. The launch of this new business line demonstrates CACEIS’ support for clients interested in digital assets.
The Digital Assets business line, stemming from the “Digital Assets Group” project with Crédit Agricole CIB, brings together a team of people with expertise in digital asset custody, IT infrastructure design, and related functions such as compliance, legal, and risk management. It is designed to sit alongside CACEIS' operating model for traditional listed and unlisted financial assets. The business line will enable CACEIS to position itself as the benchmark for digital asset servicing in Europe, permitting clients to benefit from both its in-house digital expertise and the Blockchain protocol within a framework that is just as secure as that provided for traditional assets.
CACEIS' offering includes digital asset custody and covers the entire value chain, from issuing tokenised financial instruments to the distribution of tokenised fund shares.
CACEIS has developed an IT infrastructure that ensures custody of all types of digital assets by integrating leading third-party platforms from Taurus, a leading digital asset infrastructure provider with solutions covering both custody and tokenization technology, and Scorechain, European leader in compliance solutions relating to blockchains. In June 2023, CACEIS became the first third-party custodian to obtain Digital Asset Service Provider (DASP) status with France’s financial regulator, the AMF. The next step will be for CACEIS to obtain authorisation linked to the Markets in Crypto-Assets Regulation (MiCA).
Jean-Pierre Michalowski, Chief Executive Officer of CACEIS stated, “CACEIS is the first European asset servicing group to have a business line fully dedicated to digital assets. We are delighted to be able to provide support for our clients by leveraging our expertise in asset servicing and digital innovation, along with our financial stability, to play a key role as a trusted third party operating within a highly secure environment.”
