StoneX Group Inc. Approved to Operate Digital Asset Business in Ireland as a Virtual Asset Service Provider
StoneX Digital International , a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), has received approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The company will provide digital asset execution and custody services, offering liquidity and trading tools with API integration options. These services will integrate with StoneX's global prime brokerage services, complementing existing offerings across equities, ETFs, futures, and treasuries.
The approval strengthens StoneX's position in one of the EU's leading financial centers and expands its digital asset services for institutional clients. StoneX Digital, launched in June 2022, aims to provide institutional clients with sophisticated digital asset trading tools and market access as financial institutions seek regulated entities for their digital asset needs.
StoneX Digital International, una filiale di StoneX Group Inc. (NASDAQ: SNEX), ha ricevuto l'approvazione dalla Banca Centrale d'Irlanda per operare come fornitore di servizi di asset virtuali (VASP). L'azienda offrirà servizi di esecuzione e custodia per asset digitali, fornendo liquidità e strumenti di trading con opzioni di integrazione API. Questi servizi si integreranno con i servizi di brokeraggio primario globale di StoneX, completando le offerte esistenti nel settore azionario, ETF, futures e titoli di stato.
L'approvazione rafforza la posizione di StoneX in uno dei principali centri finanziari dell'UE e amplia i suoi servizi di asset digitali per clienti istituzionali. StoneX Digital, lanciato nel giugno 2022, mira a fornire ai clienti istituzionali strumenti di trading di asset digitali sofisticati e accesso al mercato mentre le istituzioni finanziarie cercano entità regolamentate per le loro esigenze relative agli asset digitali.
StoneX Digital International, una subsidiaria de StoneX Group Inc. (NASDAQ: SNEX), ha recibido la aprobación del Banco Central de Irlanda para operar como proveedor de servicios de activos virtuales (VASP). La empresa ofrecerá servicios de ejecución y custodia de activos digitales, brindando liquidez y herramientas de trading con opciones de integración API. Estos servicios se integrarán con los servicios globales de corretaje prime de StoneX, complementando las ofertas existentes en acciones, ETF, futuros y bonos del Tesoro.
La aprobación refuerza la posición de StoneX en uno de los principales centros financieros de la UE y expande sus servicios de activos digitales para clientes institucionales. StoneX Digital, lanzado en junio de 2022, tiene como objetivo proporcionar a los clientes institucionales herramientas sofisticadas de trading de activos digitales y acceso al mercado, a medida que las instituciones financieras buscan entidades reguladas para sus necesidades de activos digitales.
StoneX Digital International는 StoneX Group Inc. (NASDAQ: SNEX)의 자회사로, 아일랜드 중앙은행으로부터 가상 자산 서비스 공급자(VASP)로 운영할 수 있는 승인을 받았습니다. 이 회사는 API 통합 옵션을 제공하는 디지털 자산 실행 및 보관 서비스를 제공하며, 유동성과 거래 도구를 제공합니다. 이러한 서비스는 StoneX의 글로벌 프라임 중개 서비스와 통합되어 주식, ETF, 선물 및 국채에 대한 기존 제공을 보완합니다.
이번 승인은 StoneX의 EU 주요 금융 센터 중 하나에서의 입지를 강화하고 기관 고객을 위한 디지털 자산 서비스를 확장합니다. 2022년 6월에 출시된 StoneX Digital은 기관 고객에게 고급 디지털 자산 거래 도구 및 시장 접근을 제공하는 것을 목표로 하며, 금융 기관들이 디지털 자산 요구를 위해 규제된 기관을 찾고 있습니다.
StoneX Digital International, une filiale de StoneX Group Inc. (NASDAQ: SNEX), a reçu l'approbation de la Banque centrale d'Irlande pour opérer en tant que fournisseur de services d'actifs virtuels (VASP). L'entreprise proposera des services d'exécution et de garde d'actifs numériques, offrant des liquidités et des outils de trading avec des options d'intégration API. Ces services s'intégreront aux services de courtage premier global de StoneX, complétant les offres existantes dans les domaines des actions, des ETF, des contrats à terme et des obligations d'État.
Cette approbation renforce la position de StoneX dans l'un des principaux centres financiers de l'UE et élargit ses services d'actifs numériques pour les clients institutionnels. StoneX Digital, lancé en juin 2022, vise à fournir aux clients institutionnels des outils de trading sophistiqués pour les actifs numériques ainsi qu'un accès au marché, alors que les institutions financières recherchent des entités réglementées pour leurs besoins en matière d'actifs numériques.
StoneX Digital International, eine Tochtergesellschaft von StoneX Group Inc. (NASDAQ: SNEX), hat die Genehmigung der Zentralbank von Irland erhalten, als Anbieter von Dienstleistungen für virtuelle Vermögenswerte (VASP) zu operieren. Das Unternehmen wird Dienstleistungen für die Ausführung und Verwahrung digitaler Vermögenswerte anbieten und dabei Liquidität sowie Handelswerkzeuge mit API-Integrationsmöglichkeiten bereitstellen. Diese Dienstleistungen werden mit den globalen Prime-Brokerage-Dienstleistungen von StoneX integriert und ergänzen die bestehenden Angebote in den Bereichen Aktien, ETFs, Futures und Staatsanleihen.
Die Genehmigung stärkt die Position von StoneX in einem der führenden Finanzzentren der EU und erweitert die digitalen Vermögensdienstleistungen für institutionelle Kunden. StoneX Digital, das im Juni 2022 gestartet wurde, zielt darauf ab, institutionellen Kunden anspruchsvolle Handelswerkzeuge für digitale Vermögenswerte und Marktzugang zu bieten, während Finanzinstitute regulierte Einheiten für ihre Bedürfnisse im Bereich digitaler Vermögenswerte suchen.
- Received regulatory approval from Central Bank of Ireland as VASP
- Expansion of services into EU digital asset market
- Integration with existing prime brokerage services
- Enhanced custodial and clearing capabilities
- None.
Insights
This VASP approval from Ireland's Central Bank represents a significant strategic expansion for StoneX's digital asset capabilities. The move positions SNEX to capture institutional cryptocurrency trading flows in the European market through a regulated entity. The timing is particularly relevant as traditional financial institutions increasingly seek regulated channels for digital asset exposure.
The integration with StoneX's existing prime brokerage infrastructure creates valuable cross-selling opportunities across their product suite. This could drive additional revenue streams through API connectivity services and custody solutions. Ireland's status as a key EU financial hub also provides regulatory passporting benefits for broader European operations.
The platform's focus on institutional clients rather than retail traders suggests a more stable revenue model with higher-value transactions and lower client acquisition costs. This regulatory approval should help attract institutional clients who require regulated counterparties for their digital asset operations.
The regulatory approval in Ireland strengthens StoneX's competitive position in the institutional digital asset space, where established financial firms are gaining advantage over crypto-native companies. This expansion aligns with the broader trend of traditional financial institutions building regulated digital asset capabilities to serve institutional demand.
The integration with existing prime services creates operational efficiencies and could help capture market share from both traditional prime brokers and crypto-focused firms. The emphasis on institutional-grade infrastructure and multiple API integration options addresses key requirements for professional traders and institutional clients.
Ireland's emergence as a significant EU financial center post-Brexit makes this approval particularly valuable for StoneX's European strategy. The VASP status provides regulatory clarity and operational certainty that institutional clients require for digital asset activities.
LONDON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- StoneX Digital International Limited, a subsidiary of StoneX Group Inc. (NASDAQ: SNEX), today has been approved by the Central Bank of Ireland, as a Virtual Asset Service Provider (“VASP”) to operate a digital asset business. The approval marks the latest step in the StoneX Group’s continued global expansion into digital asset services for institutional clients.
The StoneX Digital platform will provide execution and custody services, offering deep liquidity and flexible trading tools with multiple API integration options for seamless connectivity. These services will be integrated into the StoneX Group’s suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including equities, ETFs, futures, and treasuries.
Brian Mulcahy, CEO of StoneX Digital, commented: “StoneX Digital International Limited’s 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. This approval continues the expansion of our services into evolving markets, and helps meet the growing demand for institutional-grade digital asset capabilities.”
James McAuslan, Global Head of Prime Services and Head of Securities for EMEA, also commented on the news: “The approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, whilst strengthening our product ecosystem and geographical relevance in one of the EU’s leading financial centers. StoneX Digital is vital to our global expansion strategy as institutional clients increasingly seek exposure to digital assets. We look forward to growing our Prime Services offering across digital and traditional assets globally to better serve the needs of our customers.”
StoneX Digital was launched in June of 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access. As financial institutions turn to regulated, established entities for their digital asset needs, the StoneX Group’s robust product portfolio and geographical scale deliver the security and reliability that the market demands.
About StoneX Group
StoneX Group Inc., through its subsidiaries, operates a financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The StoneX Group strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance.
A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 self-directed trading accounts, from more than 80 offices spread across six continents. Further information on the StoneX Group is available at www.stonex.com.
Emmaline Windeler
Emmaline.Windeler@cognitomedia.com
SNEX-G
FAQ
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