CACEIS group’s French banking entity, CACEIS Bank, has become the first French custody specialist to be granted digital assets service provider (PSAN) status. The status was granted by the French’s financial markets authority (AMF), acting on behalf of France’s prudential control and resolution authority (ACPR). PSAN status allows CACEIS Bank to offer digital asset custody services to third parties, an increasingly in-demand service among investment management companies and institutional investors. Arnaud Misset, chief digital officer at CACEIS, comments: “In practical terms, we will provide secure storage for our clients’ private digital keys leveraging state-of-the-art technology”. Eliane Méziani, senior advisor for public affairs at CACEIS, adds: “We are convinced that innovation and regulation go hand in hand. Our PSAN status is the result of several months of work and the acknowledgment of CACEIS’ role as a trusted third-party.”
