ABN AMRO receives EU MiCAR authorization and completes its first international smart derivatives contract transaction
PANews, December 26 – According to Financefeeds, Hauck Aufhäuser Digital Custody, the German subsidiary of ABN AMRO, has obtained authorization under the EU Markets in Crypto-Assets Regulation (MiCAR). The MiCAR license enables the company to provide cryptocurrency custody and trading services to institutional clients within a unified European regulatory framework.
Alongside obtaining regulatory approval, ABN AMRO has also partnered with DZ BANK, the German central bank, to complete its first international over-the-counter smart derivative contract transaction. The transaction lasted ten days and was fully automated using distributed ledger technology. Settlement, valuation, and collateral management were all completed on-chain, with daily payments executed instantly via the Single Euro Payments Area (SEPA) and confirmed back to the smart contract, thereby enhancing transparency and operational speed.
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