CoinShares Makes History as First EU Asset Manager to Secure MiCA Approval

Europe's crypto landscape just got a regulatory trailblazer.

CoinShares just bulldozed through bureaucracy to become the first EU asset manager authorized under MiCA—the bloc's controversial new crypto framework. The approval drops just as traditional finance giants keep 'evaluating blockchain opportunities.'

MiCA's stamp of legitimacy could turbocharge institutional adoption. Or expose how laughably behind traditional banks are—still treating crypto like a 2017 ICO scam while startups eat their lunch.

One thing's certain: The regulatory dam is breaking. Whether old-school finance adapts or gets left behind? That’s the real billion-euro question.

Redefining Standards for Crypto Asset Management?

The MiCA authorisation gives CoinShares the legal and operational framework to offer professional investment management services throughout the EU’s financial ecosystem.

The firm’s current passporting now includes jurisdictions such as France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta, and the Netherlands.

“Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry,” said Jean-Marie Mognetti, co-founder and CEO of CoinShares.

“With MiCA, we now have a clear, harmonised structure across the EU, and CoinShares is proud to be the first in continental Europe to meet that standard as a fully regulated asset manager.” said Mognetti.

Circle’s Policy Head Patrick Hansen recently shared via X that 59 MiCA authorisations have been granted across the EU so far. This includes 39 for crypto Asset Service Providers (CASPs) and 14 for stablecoin issuers.

𝐌𝐢𝐂𝐀 6-𝐌𝐨𝐧𝐭𝐡𝐬 𝐒𝐭𝐚𝐭𝐮𝐬 𝐔𝐩𝐝𝐚𝐭𝐞: 𝐅𝐮𝐥𝐥 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐳𝐞𝐝 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧 𝐈𝐬𝐬𝐮𝐞𝐫𝐬 & 𝐂𝐫𝐲𝐩𝐭𝐨-𝐀𝐬𝐬𝐞𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬

6 months into MiCA’s application for CASPs — and 12 months for stablecoins — here’s… pic.twitter.com/5mZwOg30qq

With its new authorisation, CoinShares said it is positioned to operate as a regulated counterparty for institutional investors looking for exposure to digital assets in line with fiduciary and compliance rules.

Mognetti adds that this authorisation shows the legitimacy and staying power of crypto assets within a modern investment environment.

CoinShares Becomes 8th Firm to Bet on Solana ETF Approval

In June, CoinShares filed with the U.S. Securities and Exchange Commission to launch a spot solana (SOL) exchange-traded fund (ETF), advancing institutional efforts to gain exposure to the blockchain sector.

The filing, initially submitted on June 13, remains under SEC review as of July 2025. If approved, the CoinShares Solana ETF would be listed on Nasdaq, offering investors direct exposure to SOL, the native cryptocurrency of the Solana network.

The filing also notes that a portion of the ETF’s SOL holdings may be staked through approved providers, allowing the fund to generate staking rewards in addition to tracking price performance.