Banking Giants Credit Agricole & Santander Secure Crypto Custody Approval

• French asset services company CACEIS has registered with the AMF to provide custody services for digital assets.
• CACEIS Bank is now part of Europe’s crypto regulatory structure, alongside other major traditional finance players.
• France is supporting the emerging crypto sector and was the first major European country to grant registration to the world’s largest crypto exchange, Binance.

French asset services company CACEIS, owned by banking giants Credit Agricole and Santander, has registered with the country’s market regulator, the AMF, to provide custody services for digital assets such as cryptocurrencies. CACEIS Bank, a well-established institution serving asset managers including insurers, pension funds, and private equity firms, now stands alongside other major traditional finance players already accepted under Europe’s crypto regulatory structure, such as Societe Generale-Forge and AXA Investment Managers. France is supporting the emerging crypto sector and was the first major European country to grant registration to the world’s largest crypto exchange, Binance.

France supports the crypto sector

CACEIS Bank, a well-established institution serving asset managers including insurers, pension funds, and private equity firms, now stands alongside other major traditional finance players already accepted under Europe’s crypto regulatory structure, such as Societe Generale-Forge and AXA Investment Managers. France is supporting the emerging crypto sector and was the first major European country to grant registration to the world’s largest crypto exchange, Binance.

CACEIS reported on its website that it was responsible for $4.51 trillion in assets at the end of last year. Credit Agricole SA holds a 69.5% stake in the group, while Santander owns 30.5%.