🚀 CACEIS Introduces Digital Asset Custody Framework
#CACEIS #DigitalAssetCustody #CréditAgricole #SantanderBank #Ethereum #DigitalAssets #CustodianBank #DASP #Spain #MarketFunds #ETH
According to Odaily, French custodian bank CACEIS has announced that it will allow users to access native digital currency market funds (MMF). This move signifies the launch of a new digital asset custody framework by CACEIS. A subsidiary of Crédit Agricole, CACEIS is partially owned by Santander Bank, which holds nearly 30% of its shares. Recently, CACEIS also obtained a Digital Asset Service Provider (DASP) license in Spain. Currently, CACEIS provides access to its clients exclusively through the Ethereum blockchain.#CACEIS #DigitalAssetCustody #CréditAgricole #SantanderBank #Ethereum #DigitalAssets #CustodianBank #DASP #Spain #MarketFunds #ETH
🚀 Crédit Agricole CIB and Santander's CACEIS Conduct DLT Settlement Experiment
#CréditAgricole #Santander #CACEIS #DLT #settlement #ECB #wholesaleCBDC #digitalcurrency #banking #innovation #finance
According to Odaily, Crédit Agricole CIB, in collaboration with its asset servicing joint venture with Santander, CACEIS, is participating in an experiment as part of the European Central Bank's (ECB) wholesale Distributed Ledger Technology (DLT) settlement trial. This initiative involves simulating cross-border payments using a tokenized correspondent banking model and employing wholesale Central Bank Digital Currency (wCBDC) for interbank settlements.
The ECB's trial explores three central bank currency solutions, with the French bank's DL3S being the only one offering wCBDC or on-chain cash. The experiment is set to conclude this month, marking a significant step in the exploration of digital currency solutions within the European banking sector. This initiative highlights the ongoing efforts to integrate advanced digital technologies into traditional banking systems, aiming to enhance efficiency and security in financial transactions.#CréditAgricole #Santander #CACEIS #DLT #settlement #ECB #wholesaleCBDC #digitalcurrency #banking #innovation #finance
🚀 CACEIS Acquires Stake in Kriptown to Launch Blockchain Exchange Lise
#CACEIS #Kriptown #Lise #blockchain #exchange #fintech #equityfinancing #SMEs #tokenizedexchange #DLT #IPO #EuropeanUnion #financialinstruments #distributedledger #2025
According to PANews, CACEIS, the asset servicing division of Crédit Agricole, has acquired a minority stake in French fintech company Kriptown. This move is aimed at supporting the launch of Lise, a blockchain-based exchange.
Lise is designed to simplify equity financing and listing processes for small and medium-sized enterprises (SMEs) and mid-sized companies. It aims to become Europe's first tokenized exchange based on blockchain technology. The platform is currently awaiting approval under the European Union's pilot program for DLT trading and settlement systems. If approved, it will enable companies to issue, trade, and settle financial instruments directly on a distributed ledger, significantly reducing the time and cost associated with traditional initial public offerings (IPOs). The first IPO is expected to commence in 2025.#CACEIS #Kriptown #Lise #blockchain #exchange #fintech #equityfinancing #SMEs #tokenizedexchange #DLT #IPO #EuropeanUnion #financialinstruments #distributedledger #2025