Hauck Aufhäuser Digital Custody obtains European crypto custody licence under MiCAR
HEUKING advised Hauck Aufhäuser Digital Custody GmbH (HADC), a subsidiary of Hauck Aufhäuser Lampe Bank (HAL), in obtaining BaFin authorization to provide crypto custody services. After the successful conclusion of the authorization procedure under the Markets in Crypto-Assets Regulation (MiCAR), HADC is now permitted to continue offering the custody and administration of crypto-assets such as Bitcoin throughout Europe.
The authorisation to provide crypto custody under MiCAR marks a significant milestone in the company’s development. As a licensed crypto-asset service provider, HADC can now offer secure, compliant and reliable crypto custody solutions to clients across Europe.
For HAL, MiCAR approval is another important milestone. HADC was one of the first companies to obtain a German license for crypto custody services and has established itself as a specialist provider for financial institutions. HADC will continue to focus on institutional clients with its MiCAR license and will further expand its business under the umbrella of the Dutch ABN AMRO.
A team led by HEUKING partner Dr. Dr. Johannes Blassl, who has been advising HAL on various projects for some time, provided legal advice to HADC throughout the MiCAR authorisation procedure. This underscores HEUKING's role as legal advisor to financial institutions on crypto assets.
The team led by Frankfurt-based Partner Dr. Dr. Johannes Blassl regularly advises banks across practice groups on the legally compliant design and implementation of crypto-based business models.
Counsel to Hauck Aufhäuser Digital Custody GmbH
HEUKING:
Dr. Dr. Johannes Blassl (Lead),
Svenja Brinkmann (both Banking & Finance), both Frankfurt
