StoneX Group gets approval for digital asset business in Ireland
05 December 2024 Ireland
Image: Natalia/stock.adobe.com
StoneX Digital International, a subsidiary of StoneX Group, has received approval from the Central Bank of Ireland to operate the digital asset business as a virtual asset service provider.
The approval marks the latest step in the group鈥檚 continued global expansion into digital asset services for institutional clients, the firm says.
The StoneX Digital platform will provide execution and custody services, offering liquidity and flexible trading tools with multiple API integration options for connectivity.
These services will be integrated into the StoneX group鈥檚 suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including equities, ETFs, futures, and treasuries.
StoneX Digital was launched in June 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access.
Commenting on the news, StoneX Digital CEO Brian Mulcahy says: 鈥淪toneX Digital International鈥檚 new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions in the rapidly changing digital asset landscape.
鈥淭his approval continues the expansion of our services into evolving markets and helps meet the growing demand for institutional-grade digital asset capabilities.鈥�
James McAuslan, global head of Prime Services and head of 麻豆传媒 for EMEA at StoneX Financial, adds: 鈥淭he approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, while strengthening our product ecosystem and geographical relevance in one of the EU鈥檚 leading financial centers.
鈥淪toneX Digital is vital to our global expansion strategy as institutional clients increasingly seek exposure to digital assets.鈥�
The approval marks the latest step in the group鈥檚 continued global expansion into digital asset services for institutional clients, the firm says.
The StoneX Digital platform will provide execution and custody services, offering liquidity and flexible trading tools with multiple API integration options for connectivity.
These services will be integrated into the StoneX group鈥檚 suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including equities, ETFs, futures, and treasuries.
StoneX Digital was launched in June 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access.
Commenting on the news, StoneX Digital CEO Brian Mulcahy says: 鈥淪toneX Digital International鈥檚 new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions in the rapidly changing digital asset landscape.
鈥淭his approval continues the expansion of our services into evolving markets and helps meet the growing demand for institutional-grade digital asset capabilities.鈥�
James McAuslan, global head of Prime Services and head of 麻豆传媒 for EMEA at StoneX Financial, adds: 鈥淭he approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, while strengthening our product ecosystem and geographical relevance in one of the EU鈥檚 leading financial centers.
鈥淪toneX Digital is vital to our global expansion strategy as institutional clients increasingly seek exposure to digital assets.鈥�
← Previous technology article
Velocity Clearing selects Matrix Applications鈥� collateral management solution
Velocity Clearing selects Matrix Applications鈥� collateral management solution
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 麻豆传媒 Finance Times
