StoneX Group has received authorisation under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing its digital assets division to expand regulated services across the bloc.
The Crypto-Asset Service Provider (CASP) licence has been granted to StoneX Digital by the Central Bank of Ireland.
The approval enables StoneX Digital to offer digital asset execution and custody services throughout the European Union under MiCA, one of the world’s most comprehensive regulatory frameworks for crypto-assets.
StoneX Digital has been operating as a Virtual Asset Service Provider for more than a year and is part of StoneX Group., a Nasdaq-listed financial services firm.
The company said the licence supports its broader strategy of building regulated digital asset capabilities for institutional and corporate clients.
“Our goal remains consistent: to enable our institutional and corporate investor base to integrate new products and new technologies into their existing investment lifecycle,” said Brian Mulcahy, chief executive officer of StoneX Digital.
He added that the firm focuses on “reducing the friction between these two, often incongruous, financial environments.”
Stuart Davison, chief operating officer of StoneX Group, said the authorisation aligns with the group’s long-term plans.
“By building regulated, scalable infrastructure across our ecosystem, we enable clients to adopt innovation with confidence, without disrupting how they already operate,” he said.
StoneX Digital was launched in June 2022 to provide institutional clients with digital asset trading tools and market access.
The company said demand from financial institutions for regulated providers has continued to grow as digital assets become more integrated into traditional financial markets.
StoneX Group is headquartered in New York and listed on the Nasdaq Global Select Market under the ticker SNEX.
The company serves commercial, institutional and retail clients globally through subsidiaries and offices across multiple continents. It operates retail broker brands FOREX.com and City Index.
