CoinShares has achieved a landmark regulatory milestone by becoming the first continental European asset manager authorized under the EU's Markets in Crypto-Assets (MiCA) Regulation. France's Autorité des marchés financiers (AMF) granted the license, completing a rare triple regulatory framework for CoinShares' French subsidiary that combines AIFM (Alternative Investment Fund Managers), MiFID (Markets in Financial Instruments Directive), and MiCA authorizations.
This comprehensive regulatory coverage enables CoinShares to offer investment services across all asset classes – traditional and digital – throughout the European Union's €33 trillion asset management market. The firm currently operates with passported services in eight EU countries including France, Germany, and the Netherlands, with authorization to expand across all member states.
CEO Jean-Marie Mognetti declared this "a pivotal milestone for the entire European digital asset industry," addressing longstanding regulatory gaps where platforms operated without proper licensing. "With MiCA, we now have a clear, harmonised structure across the EU," Mognetti emphasized, noting it establishes "a professional, transparent, and investor-centric regulatory environment."
The authorization positions CoinShares, which manages over $9 billion in assets and is listed on Nasdaq Stockholm, as a regulated counterparty for institutional investors. It fulfills critical requirements including fiduciary compliance and proper separation of custody/management functions – addressing deficiencies common among competitors.
MiCA's implementation creates a unified regulatory framework across all 27 EU member states, featuring passporting rights that allow single-license operations throughout the bloc. The regime enhances investor protection through strict transparency requirements, anti-money laundering measures, and operational resilience standards.