StoneX Digital, the digital assets subsidiary of StoneX Group, has obtained a Virtual Asset Service Provider Authorization from the Central Bank of Ireland.

Licensed to operate a digital assets business in Ireland, StoneX Digital automatically obtains an EU passport to operate across the European Union ahead of the implementation of MiCA rules.

StoneX Digital offers digital asset execution and custody services

This is the latest step in StoneX Group’s expansion into digital asset services for institutional clients: the StoneX Digital platform will provide execution and custody services, offering significant liquidity and trading tools flexible with multiple API integration options for seamless connectivity.

StoneX Digital services will be integrated into StoneX Group’s suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including stocks, ETFs, futures and Treasuries.

The crypto-focused subsidiary launched in June 2022 to extend the strengths and breadth of the StoneX offering to digital asset markets, including providing flexible trading tools and market access for institutional clients to trade and hold cryptocurrencies and other digital assets.

StoneX Digital’s expansion path is expected to include a range of products and services for multi-asset hedging, staking, margining and multi-asset lending. This new product offering further enhances StoneX’s ability to connect its clients to global financial markets and offer a broad range of institutional-grade financial products and platforms.

“We look forward to developing our Prime Services offering”

Brian Mulcahy, CEO of StoneX Digital, commented: “StoneX Digital International Limited’s new status as a VASP underlines our commitment to supporting our global customer base with secure, compliant and reliable solutions in the rapidly evolving digital asset landscape. This approval continues the expansion of our services into evolving markets and helps meet the growing demand for institutional-grade digital asset capabilities.

James McAuslan, Global Head of Prime Services and Head of Securities for EMEA, also commented on the news: “The approval from the Central Bank of Ireland serves to enhance our custody and clearing capabilities, whilst strengthening our ecosystem. of products and our geographical relevance in one of the main financial centers of the EU. StoneX Digital is critical to our global expansion strategy as institutional clients increasingly seek exposure to digital assets. We look forward to growing our Prime Services offering across digital and traditional assets globally to better meet the needs of our customers.