ABN AMRO, a Dutch bank, obtained a MiCAR license and completed its first blockchain derivatives transaction.

Odaily Planet Daily reports that ABN AMRO, the Dutch bank, has made new progress in the digital asset field. Its German subsidiary, Hauck Aufhäuser Digital Custody, has been authorized under the EU's Crypto Asset Market Regulation (MiCAR), allowing it to provide cryptocurrency custody and trading services to institutional clients under a unified regulatory framework, with plans to gradually expand to other EU member states. MiCAR officially came into effect on December 30, 2024, and this approval makes ABN AMRO one of the earliest institutions to obtain this license.

Meanwhile, ABN AMRO also completed its first cross-border OTC "Smart Derivatives Contract" (SDC) transaction with DZ BANK. This transaction, based on blockchain technology, ran for 10 days, with settlement, valuation, and collateral management completed automatically on-chain. Related payments were executed instantly via SEPA and transmitted back to the smart contract, aiming to reduce operational complexity and counterparty risk in OTC derivatives trading. ABN AMRO stated that regulatory compliance and on-chain financial infrastructure will be crucial components of its efforts to advance digital assets and financial innovation in Europe. (financefeeds)