Cecabank Unveils Regulated Crypto Custody Platform Under MiCA Framework

Cecabank, a Spanish banking group, has launched a regulated cryptocurrency custody and trading infrastructure for financial institutions. This platform combines Cecabank's custody and banking services with Bit2Me's trading, liquidity, and market access capabilities.

The launch comes after the bank secured authorization to provide crypto-asset custody, transfers, and reception and transmission of orders (RTO) under the European Union's MiCA framework. Cecabank is already registered with the Bank of Spain as a crypto-asset service provider and has started the European passporting process to extend its services into Ireland, Portugal, and Luxembourg.

Renta 4 Banco is among the first users of the platform, which will allow institutions like it to introduce cryptocurrency trading services to clients through a regulated end-to-end framework. The initial offerings will include major cryptocurrencies and stablecoins designed to comply with European regulatory standards.