CACEIS Bank Steps into Crypto Custody with France’s AMF License

CACEIS Bank, a subsidiary of the CACEIS group in France and a leading player in asset-servicing, has been granted PSAN (Prestataires de Services sur Actifs Numériques) status by Autorité des Marchés Financiers (AMF), the French financial market regulator. This important achievement permits the bank to operate as a licensed custodian for crypto assets, extending its storage services to users’ private keys.

We will provide secure storage for our clients’ private digital keys

As part of the Credit Agricole and Santander banking conglomerates, CACEIS is the sole French custody specialist awarded PSAN status. The authorization comes as a significant step forward, reflecting the evolving dynamics of the financial market as it integrates digital assets.

Offering Secure Crypto Asset Custody Services

With this status, CACEIS Bank is ready to respond to the increasing demand for digital asset custody from investment management companies and institutional investors. This development is the first step in the roll-out of an innovative offer, aiming to deliver the same level of security for digital assets as provided for traditional ones.

CACEIS’ Chief Digital Officer, Arnaud Misset, explained the practical implications of this new status: “In practical terms, we will provide secure storage for our clients’ private digital keys leveraging state-of-the-art technology.”

The AMF’s confirmation of CACEIS’ registration as a digital asset service provider (DASP) on June 20th further solidifies the bank’s commitment to support the rapidly evolving digital assets ecosystem. This move is geared towards fostering a reliable, secure environment for digital asset transactions.

Leading Asset-Servicing Industry

With an impressive track record, CACEIS is a formidable presence in the asset-servicing industry, catering to institutional and corporate clients. Currently, the institution has an impressive $2.3 trillion in assets under administration, and its newly-acquired PSAN status will undoubtedly enable it to continue meeting the evolving needs of its diverse clientele.