$2,300,000,000,000 Asset Management Giant Registered for Crypto Custody License in France

It looks like France makes the headlines, according to the latest reports, due to the giant that registered for a crypto custody license in France. Check out the latest reports about this below.

A major asset-servicing group in Europe has been approved by the financial market regulator Autorité des Marchés Financiers (AMF) to offer crypto custody services in France. CACEIS Bank, the banking division of the CACEIS group in France, has been granted PSAN (Prestataires de Services sur Actifs Numériques) status by the AMF.

This means that the financial institution is authorized to operate as a crypto asset custodian and store users’ private keys. The announcement was made through a press release.

CACEIS is owned by banking giants Credit Agricole and Santander.

In a statement, CACEIS made sure to highlight the fact that it is the only French custody specialist to be granted PSAN status.

“PSAN status enables CACEIS Bank to offer digital asset custody services to third parties and respond to growing demand from investment management companies and institutional investors. It is the first milestone in the development of an innovative digital asset custody offer that provides the same level of security as for traditional assets…”

The notes continued and pointed out the following:

“This status ensures that the digital assets ecosystem, in which CACEIS operates, is built with reliability at its core.”

Arnaud Misset, CACEIS’ chief digital officer stated this:

“In practical terms, we will provide secure storage for our clients’ private digital keys leveraging state-of-the-art technology.”

Make sure to check out the original article posted by the Daily Hodl in order to learn more details about this.

Regarding the crypto markets today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $30,462.