A subsidiary co-owned by Crédit Agricole and Santander has registered as a digital asset service provider in France. The registration of Caceis, a company that specializes in offering financial services to institutional investors, allows the two major European banks to tap into the crypto market.
Crédit Agricole Asset Management Unit Obtains AMF Registration in France
An asset servicing business owned by France’s second largest bank, Crédit Agricole, and Spain’s biggest bank, Santander, has registered with the French financial markets authority, Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP).
The registration, granted by the AMF earlier this week, will allow the entity, Caceis, to provide custody services for digital assets, including cryptocurrencies. At the end of 2022, the firm had 4.1 trillion euros ($4.51 trillion) in assets under its custody.
The move adds a major traditional financial services group to the growing number of crypto comp
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