ABN AMRO's German subsidiary obtains MiCAR license

Foresight News reported that ABN AMRO's German subsidiary, Hauck Aufhäuser Digital Custody (HADC), has obtained a license from the German Federal Financial Supervisory Authority (BaFin) under the EU Markets in Crypto-Assets Regulation (MiCAR). This license allows HADC to provide crypto custody and trading-related services to institutional clients under a unified EU regulatory framework.

In addition, ABN AMRO has completed its first international over-the-counter (OTC) derivatives transaction test using Smart Derivative Contracts (SDC) in collaboration with DZ Bank. The 10-day transaction utilized distributed ledger technology to automate trade settlement, valuation, and collateral management, with daily payments processed automatically through the SEPA system.