Core Viewpoint - StoneX Group Inc. has secured its Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, enhancing its regulated digital asset capabilities and expanding its services across the European Union [1][2][3]. Group 1: Company Developments - StoneX Digital has been operating as a Virtual Asset Service Provider for over a year and will now offer digital asset execution and custody under stringent regulatory frameworks [3]. - The authorization aligns with StoneX's long-term strategy to help clients integrate new products and technologies into their existing operating and investment frameworks [4]. - StoneX Digital was launched in June 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access [4]. Group 2: Market Position and Strategy - The company aims to reduce friction between traditional and digital finance environments, allowing clients to focus on their investment strategies and corporate goals [4]. - StoneX's robust product portfolio and global scale provide the security and reliability that financial institutions demand as they seek regulated entities for their digital asset needs [4]. - StoneX Group Inc. serves over 80,000 commercial, institutional, and payments clients, along with more than 260,000 retail accounts across over 80 offices on six continents [5].
StoneX Digital Secures MiCA Authorisation to Expand Regulated Digital Asset Services Across the EU