CoinShares Becomes First to Secure European MiCA License

CoinShares received a MiCA license from France’s Autorité des Marchés Financiers (AMF), allowing the firm to offer crypto portfolio management services across all 27 EU member states under a single regulatory framework.

The company secured the license through its French subsidiary, CoinShares Asset Management, becoming the first continental European asset manager to receive full certification under the EU’s new crypto regulation. The authorization adds to CoinShares’ existing MiFID and AIFM permissions, creating a triple-licensed status among European asset managers.

The MiCA license enables CoinShares to operate in Germany, the Netherlands, Luxembourg, Malta, Cyprus, Ireland and Lithuania, with the option to extend into all EU member states through the regulation’s passporting regime. The passporting system allows firms licensed in one EU country to operate across the bloc without seeking separate approvals in each jurisdiction.

CoinShares entered the US market in 2023 after acquiring Valkyrie Funds. Since then, the company has launched several crypto exchange-traded funds, including Bitcoin and Ether futures and spot products. The firm is pursuing additional approvals, including a potential spot XRP ETF.

Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry,

said CEO Jean-Marie Mognetti. He noted the clarity and harmonization the license brings to operations.

MiCA took effect in 2024, establishing unified rules for crypto-asset services across the EU. The regulation creates standardized requirements for crypto firms operating in European markets, replacing the previous patchwork of national regulations that varied between member states.