Key Takeaways
- • Caceis, the asset servicing banking group of Crédit Agricole and Santander, has integrated a dedicated digital assets business line into its core client offering for asset managers, insurers, pension funds and banks.
- • The group has achieved Digital Asset Service Provider status in France and Virtual Asset Service Provider certification in Spain and Luxembourg, strengthening its position in regulated digital asset custody and distribution.
- • New services include secure custody for cryptocurrencies and stablecoins, as well as native distribution of tokenised fund shares via public blockchains.
- • Caceis has established a Digital Asset Centre of Excellence in Luxembourg to provide support for group-wide clients operating in the digital asset ecosystem.
- • Caceis is a key sponsor of Luxembourg Blockchain Week, taking place December 9 to 13.
Summary
Caceis, the asset servicing banking group owned by Crédit Agricole and Santander and dedicated to asset managers, insurance companies, pension funds and banks, has integrated a dedicated digital assets business line into its core client offering. The move expands the group's regulated digital asset capabilities, which now rest on Digital Asset Service Provider status in France and Virtual Asset Service Provider certification in Spain and Luxembourg.
The new offering includes secure custody for cryptocurrencies and stablecoins, as well as the native distribution of tokenised fund shares via public blockchains. According to the company, these services are integrated into its standard client offerings rather than offered as standalone products, which Laurent Majchrzak, global head of digital assets at Caceis, said simplifies the process for clients exploring blockchain technology and crypto assets. He described the services as a major step towards the safe and secure adoption of the technology by traditional finance players.
Philippe Bourgues, country managing director of Caceis Bank Luxembourg Branch, highlighted the strategic importance of the group's Digital Asset Centre of Excellence in Luxembourg, which was created to provide comprehensive support for group-wide clients operating within the new digital ecosystem. The announcement coincides with Caceis acting as a key sponsor of Luxembourg Blockchain Week, which runs from December 9 to 13, 2024.
The new offering includes secure custody for cryptocurrencies and stablecoins, as well as the native distribution of tokenised fund shares via public blockchains. According to the company, these services are integrated into its standard client offerings rather than offered as standalone products, which Laurent Majchrzak, global head of digital assets at Caceis, said simplifies the process for clients exploring blockchain technology and crypto assets. He described the services as a major step towards the safe and secure adoption of the technology by traditional finance players.
Philippe Bourgues, country managing director of Caceis Bank Luxembourg Branch, highlighted the strategic importance of the group's Digital Asset Centre of Excellence in Luxembourg, which was created to provide comprehensive support for group-wide clients operating within the new digital ecosystem. The announcement coincides with Caceis acting as a key sponsor of Luxembourg Blockchain Week, which runs from December 9 to 13, 2024.
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