Market News

EU Embraces Digital Asset Evolution with Stonex Digital's New License

Stonex Digital has successfully secured a Crypto-Asset Service Provider (CASP) license under the EU's Markets in Crypto-Assets (MiCA) Regulation.

This license, granted by the Central Bank of Ireland, allows Stonex Digital to enhance its regulated digital-asset services throughout the European Union.

With this authorization, the firm can provide execution and custody services specifically tailored for institutional and corporate clients.

Stonex Group Inc.’s CEO, Brian Mulcahy, emphasized that the license aligns with the company's mission to bridge the gap between traditional finance and digital assets.

COO Stuart Davison noted that this achievement represents a significant step toward building scalable, regulated infrastructure for client innovation.

The move is expected to bolster confidence among clients looking to navigate the evolving digital asset landscape.

Beginning in Dublin, the expanded services will commence across the EU as Stonex Digital positions itself as a key player in the region.

The MiCA framework under which the license is granted is recognized for its stringent requirements aimed at ensuring market integrity.

Overall, this development marks an important advancement in the integration of digital assets within the traditional financial ecosystem.

Stonex Digital's expansion will likely influence how other financial institutions approach the digital asset market in Europe.