Dutch Bank ABN AMRO Receives MiCAR Approval and Launches Blockchain-Based Derivatives
BlockBeats News, December 26th, ABN AMRO, a Dutch bank, has made a key advancement in the digital asset space. Its German subsidiary, Hauck Aufhäuser Digital Custody, has been granted authorization under the EU's "Crypto Asset Market Regulation Act," becoming one of the early approved institutions able to provide crypto asset custody and trading services to institutional clients within a unified EU regulatory framework.
MiCAR officially came into effect on December 30, 2024. With approval from the German financial regulator BaFin, the subsidiary is able to custody and manage crypto assets for clients and plans to gradually extend the related services through "passporting" to other EU member states as part of ABN AMRO's European digital asset strategy.
Meanwhile, ABN AMRO also completed the first cross-border over-the-counter Smart Derivative Contract (SDC) trade in collaboration with DZ BANK. The trade, running on blockchain technology, spanned 10 days, with settlement, valuation, and collateral management all automatically conducted on-chain, while daily cash payments were executed via SEPA and feedback looped back to the smart contract, significantly enhancing transparency and operational efficiency.
ABN AMRO stated that the SDC, leveraging preset market data and interest rate curves, effectively reduces the collateral disputes and settlement complexities common in traditional OTC derivative transactions. DZ BANK, on the other hand, believes that the trade sets an industry-level paradigm for the comprehensive digital settlement of OTC derivatives, helping to notably lower counterparty risk.
You may also like

Visa's Stablecoin Strategy: Cards, Settlement, and the Future

Stock Market Split

How to capture the next Alpha in the narrative of predictive markets?

"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder

The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here

Oil prices are approaching a critical point. What will happen in mid-April?

The oil price is approaching a critical point, what will happen in mid-April?

Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Who else cannot be distilled into skill?

Who else cannot be distilled into skill?

The huge shock in the South Korean cryptocurrency market: How should traders view it?

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market

How to Automate Your Workflow with AI (No Code Required)

Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind

Is it still worth buying Circle on the callback?

BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant

