Foresight News , ABN AMRO's German subsidiary, Hauck Aufhäuser Digital Custody (HADC), has received a license from the German Federal Financial Supervisory Authority (BaFin) under the EU Crypto Asset Market Regulation (MiCAR). This license allows HADC to provide crypto custody and trading services to institutional clients within a unified EU regulatory framework.
In addition, ABN AMRO, in collaboration with DZ Bank, completed the first international over-the-counter (OTC) derivatives transaction test using Smart Derivatives Contracts (SDC). The 10-day transaction utilized distributed ledger technology to automate transaction settlement, valuation, and collateral management, and processed daily payments automatically through the SEPA system.
