Bank Frick receives MiCAR authorisation
Bank Frick has received a MiCAR authorisation from the Financial Market Authority Liechtenstein (FMA). This makes it easier for the bank to offer its regulated products and services to clients across all 30 EEA countries.
The Regulation on Markets in Crypto-Assets (MiCAR) creates standardised rules in the EEA, regulates the crypto market and defines rules on oversight. For Bank Frick, the MiCAR authorisation from the FMA is an important step: It enables Bank Frick to manage and hold crypto-assets in custody, execute orders and offer transfer services to clients in the EEA.
MiCAR authorisation strengthens crypto banking at Bank Frick
“With the Token and TT Service Provider Act (TVTG) in Liechtenstein and EEA access, we were one of the first banks in Europe to have successfully offered the trading and custody of crypto-assets in the regulated environment since 2018,” says Jonas Gantenbein, Head of Digital Assets at Bank Frick. “MiCAR makes this even easier for us: the authorisation represents a milestone as the standardised legal framework enables us to offer regulated services in all EEA states and strengthen our position as product leader.”
MiCAR enables further growth for Bank Frick
By positioning itself early with digital assets, Bank Frick has already developed operational expertise and is continuously expanding its products that are tailored especially to the needs of crypto companies. For professional clients and investors, MiCAR offers additional security, transparency and the highest regulatory standards. “MiCAR strengthens trust and the market overall. This creates the ideal foundation for further growth of this business segment for Bank Frick,” emphasises Gantenbein.