The two French banks, Delubac & Cie and SG Forge, have received their MiCA licenses to offer their crypto services in Europe. What areas do these new licenses cover?
Delubac & Cie and SG Forge Secure Their MiCA Licenses
On Thursday, SG Forge and Delubac & Cie obtained their MiCA licenses, allowing them to serve the entire European crypto market, as shown on the Autorité des marchés financiers (AMF) whitelist:
SG Forge and Delubac & Cie on the AMF’s whitelist
At the time of writing, SG Forge has not yet commented on the news, but two services have been approved: the custody and administration of crypto-assets on behalf of clients, and the provision of crypto-asset transfer services on behalf of clients.
As for Delubac, the scope of this authorization is much broader and covers the following seven services:
- Custody and administration of crypto-assets on behalf of clients;
- Exchange of crypto-assets for funds;
- Exchange of crypto-assets for other crypto-assets;
- Execution of orders involving crypto-assets on behalf of clients;
- Provision of advice on crypto-assets;
- Provision of crypto-asset portfolio management services;
- Providing crypto-asset transfer services on behalf of clients.
For Joël-Alexis Bialkiewicz, managing partner of Banque Delubac & Cie, this new regulatory milestone is part of the bank’s broader strategy:
Crypto-assets are no longer just a trend: they have established themselves as a new asset class in their own right. Their adoption by both private and institutional investors is accelerating. Our ambition is to contribute to this adoption by offering a service that combines the innovation inherent in crypto-assets with the stability of an independent bank. Delubac & Cie thus aims to become a leading player in supporting its clients through this sustainable transformation of finance.
Last June, CACEIS, a subsidiary of Crédit Agricole, led the way among French banks in obtaining their MiCA authorization. With these two new players, this once again demonstrates the banking sector’s ambitions regarding the blockchain ecosystem.
