The EU's first licensed crypto custody institution under MiCAR is born, and a subsidiary of a Dutch bank completes SDC derivative trading testing.

2025-12-26 15:40:10

【Crypto World】Traditional financial institutions are making further progress in their布局 in the field of digital assets.

The digital custody subsidiary of ING Bank (HADC) recently received an official license from the German Federal Financial Supervisory Authority (BaFin) under the EU’s Markets in Crypto-Assets Regulation (MiCAR). This means that the subsidiary can now provide crypto custody and trading-related services to institutional clients under the unified EU regulatory framework—essentially, large funds and institutions now have an approved formal channel to manage and trade digital assets.

More interestingly, ING Bank also partnered with DZ Bank to conduct a pilot. They completed their first international over-the-counter derivatives transaction using Smart Derivative Contract (SDC) technology, which took 10 days. This system automates transaction settlement, asset valuation, and collateral management using distributed ledger technology, and automatically handles daily payments through the SEPA payment system— in other words, complex processes that previously required manual coordination can now be handled with blockchain and smart contracts.

Looking at these two developments together, it shows that traditional finance’s attitude towards digital assets has shifted from observation to active operation, and they are employing the latest blockchain technology.

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ProbablyNothing

· 5h ago

Traditional finance is slowly integrating crypto into the system, taking 10 days just to complete a single transaction... That speed is really impressive. With MiCAR approval in hand, major institutions can finally enter the market openly and legitimately. The previous underground work is basically coming to an end. Distributed ledger automated settlement? Sounds good, but I wonder if it will turn out to be another story in practice. Is this move the springtime for big funds or the end for small investors... It's just the beginning. With the European regulatory framework set, are other regions' major banks still far behind?

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AirdropSkeptic

· 5h ago

Traditional finance is secretly copying our homework. I should have accumulated coins earlier if I had known. Wait, does this news really give retail investors a chance, or does it feel like another feast for big institutions? MiCAR is coming, and banks are daring to act. Are they trying to bring crypto into the system? But completing international derivatives trading in just 10 days is indeed fast. Is the automation level this high? The signal from the Dutch bank is so obvious. Is a change coming to the crypto world?

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SchrodingerWallet

· 5h ago

Traditional finance embraces crypto, now big players can finally play openly and legitimately With this move by the Dutch bank, it feels like our retail investors' dream of being a legitimate force is even further away SDC trading completed in 10 days? I'm still waiting for the transfer... It's another game for big institutions; we'll just watch the show MiCAR approval is really coming? The era of compliance in the crypto world is upon us

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