FinPlanet supported V-Bank AG in its MiCAR notification to BaFin, one of the first German custodian banks to do so.
Congratulations to V-Bank AG on receiving its MiCAR notification from BaFin!
With this step, the Munich-based custodian bank for independent wealth managers can offer the custody of crypto-assets under the EU-wide MiCAR framework. According to media reports, V-Bank is the first pure custodian bank in Germany to take this step.
Independent wealth managers rely on their custodian bank to offer crypto-assets to their clients. With V-Bank's notification, they gain a regulated custody solution within their existing banking relationship. That makes it much easier to integrate crypto-assets into professional portfolio management.
The notification confirms V-Bank's role as a digital pioneer and reliable custodian bank. It is also a strong signal for the future of the crypto market in Germany.
We were pleased to support V-Bank on this important step towards a future-proof crypto ecosystem and congratulate the entire team on this success.
More and more of our clients are taking the notification route under Art. 60 MiCAR. Find out how this works in our MiCAR overview.
