Conio's EU MiCAR License Clears Path for Regulated Crypto Custody

Conio said it has obtained a Markets in Crypto-Assets Regulation (MiCAR) license to provide digital asset custody services, entering the EU's unified framework for crypto operations.

The Italy-based firm received the crypto-asset service provider (CASP) authorization from Italian regulators, according to the company and a report by The Paypers. The license covers custody, which under MiCAR requires specific capital and security standards.

The claim has not been independently verified against ESMA's official CASP registry as part of this report's research. That registry, maintained by the European Securities and Markets Authority, lists all providers authorized under the regulation.

MiCAR establishes harmonized rules across EU member states for services like custody, trading, and advisory. Custody involves safeguarding clients' digital assets through controlled wallet infrastructure and key management. Regulators view it as a high-responsibility category because custodians hold client funds directly.

The Conio license adds to the growing roster of providers seeking EU-level authorization as the regulation's phased rollout continues. No launch dates or partnership details were confirmed in the announcement.