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

[ABN AMRO Obtains MiCAR License and Completes First Blockchain Derivatives Transaction] According to Mars Finance, ABN AMRO 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 crypto asset 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. Simultaneously, ABN AMRO also completed its first cross-border OTC "Smart Derivative Contract" (SDC) transaction with DZ BANK. This transaction, based on blockchain technology, ran for 10 days, with settlement, valuation, and collateral management automatically completed on-chain. Related payments were executed instantly via SEPA and transmitted back to the smart contract, reducing 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.