CACEIS Bank, the asset servicing arm of Crédit Agricole and Santander, has received a crypto custody license in France,CACEIS claims to be a European leader in asset servicing, offering services from clearing and fund administration to middle office outsourcing for asset managers, insurance companies, brokers, pensions and real estate funds, among other clients. As a crypto custodian, CACEIS will store users' private keys, thereby increasing security for institutional clients.
The French stock market regulator, the Autorité des Marchés Financiers , requires companies planning to offer custody services to apply for registration. Other crypto businesses, including digital assets trading platforms, are also subject to the registration requirement.
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