A global blockchain technology company has recently announced its acquisition of a licensed entity under the Markets in Financial Instruments Directive (MiFID II). This acquisition was revealed during a private event in Malta, and the new entity is anticipated to start operations later this year, contingent upon receiving approval from the Malta Financial Services Authority (MFSA).
This MiFID II license acquisition represents a key milestone for the company in its efforts to integrate digital assets with traditional financial markets. The approval not only strengthens its foothold in Europe but also highlights its dedication to regulatory compliance, security, and innovation.
With this new license, the company will be able to provide regulated derivative products and services to institutional clients across the European Economic Area (EEA), which includes all 30 EU member nations. This step emphasizes the company’s commitment to regulatory adherence and its ambitions to broaden its presence in domestic financial markets.
The licensed entity aims to facilitate institutional-grade services, establish partnerships with leading financial institutions, and offer regulated investment solutions that aim to improve market accessibility while empowering investors throughout the continent.
The President of the company expressed the commitment to fostering a sustainable and transparent ecosystem within the cryptocurrency space. The acquisition of the MiFID II license reflects this mission by making regulated crypto products more accessible across Europe, showcasing a focus on responsible growth while keeping regulatory compliance at the forefront of its strategy.
In addition to this recent acquisition, the company also secured a full license from the Markets in Crypto-Assets (MiCA) regulation earlier in the year. This license enables the organization to provide fully localized services within the European Union (EU), leveraging the passporting feature. As a result, customers in the EU can take advantage of a diverse array of regulated cryptocurrency exchange products. These offerings include over-the-counter (OTC) trading, spot trading, automated trading services, and access to a wide selection of over 240 cryptocurrency tokens paired against 300 different trading options.
Moreover, the platform supports more than 60 Euro-based trading pairs, and its website and mobile application have been tailored to accommodate local languages, currency formats, and customer support needs.
Overall, this strategic move not only secures a stronger operational foundation within the European market but also assists in bridging the gap between emerging digital assets and established financial frameworks. The anticipated operational commencement of the new entity later this year will pave the way for an enhanced offering of financial products within a regulatory-compliant structure, further solidifying the company’s role in the evolving landscape of digital finance.