Cecabank becomes the first guard B2B registered low MiCA to offer institutional services of criptoactivos
The company consolidates its leadership in digital assets with a sure solution, regulated and aligned with the European standards
Cecabank, leading depositary bank and guard of reference in the Spanish financial system, that already figure registered from 2024 in Banco de España as a company VASP (Virtual Asset Service Provider), has obtained green light by CNMV to offer services of criptoactivos to its institutional clients, being therefore registered officially in ESMA as a supplier MiCA (Markets in Crypto-Assets).
This licence allows to the company provide services of custody, reception and transmission of orders (RTO) and transfer payment of criptoactivos payable by institutional clients. All of this in a fully regulated environment, that offers the legal over-collateralisation, operations and of compliance with standards.
This achievement, that is part of the current strategic plan of Cecabank, supposes a determinant landmark as a specialist in the provision of services specialised in post-trading, through a model aimed at consolidate its leadership in the field of the digital assets, and developed in close collaboration with the regulators, as a robust solution and fully aligned with the European standards with regard to fulfillment and security.
Cecabank is erected as well as the first guard of criptoactivos specialised in the sector B2B, for those institutional clients that are interested in offer services in criptoactivos to its clients, via an intuitive web portal and a solution completely apificada, backed by the best practices of the sector, ensuring the highest standard of security and resilience and having technological suppliers of first level to guarantee the entirety and availability of the solution.
The model offered by Cecabank has been considered positively for guaranteeing the most demanding criteria from a point of view of Compliance and BCP, when adding in the ecosystem to the executor. This approach, that provides a solution “everything in one”, simplifies the integration with the systems of each company, providing a fluid operations, efficient and aligned with the regulators.
In this first phase, Cecabank offers its institutional clients a carefully selected catalogue of criptoactivos that they comply with the technical criteria, operations and regulatory defined by the different areas of the company, including: Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC).
In Aurora Cuadros's words, corporate director of Securities Services of Cecabank: “The acquisition of the licence MiCA supposes a strategic decisive step in our road map as bank guard expert, reusing everything our knowledge for the activity related to digital assets. Our priority is offer to the institutional clients a sure infrastructure, regulated and fully comprehensive, contributing the same level of excellence that that which give in the world of traditional financial assets.”
With this new licence and offer of services, Cecabank reasserts its strategic objective of leading the sector of the custody of digital assets for institutional clients, contributing to build a financial digital infrastructure sure, regulated and reliable.
