RIV Digital Secures MiCAR License, Expanding Crypto Services in Italy

RIV Digital, an Italian subsidiary of Luxembourg and Dubai-based RIV Capital Group, has received the MiCAR license from Consob and Banca d'Italia. This allows them to operate as a Crypto-Asset Service Provider (CASP) in Italy, enabling services involving crypto-assets for funds, other crypto-assets, and placement of crypto-assets.

The company had already been working towards complying with MiCAR since 2025 and acquired WeChain, a provider of educational services for the blockchain and DeFi sector, in 2024.

RIV Digital's CEO Alvise Di Stefano said that this authorization ends a preliminary investigation by Consob and the Bank of Italy. The company will now proceed to launch authorized services while complying with organizational, prudential, and investor protection safeguards set out in the MiCAR Regulation.