European bank takes another step forward: first to obtain MiCAR crypto license, on-chain derivatives trading opens a new model

PriceOracleFairy · 2025-12-26T15:10:13+00:00

Hauck Aufhäuser, a subsidiary of the Dutch bank, has obtained MiCAR authorization in the EU, allowing it to legally provide cryptocurrency custody and trading services for institutional clients. At the same time, the bank has partnered with Germany's DZ BANK to successfully execute an on-chain automated international smart derivatives contract trade. This marks a tangible progress in the transformation of traditional finance towards blockchain technology.

PriceOracleFairy

2025-12-26 15:10:13

Abstract generation in progress

【ChainNews】There was an interesting development on December 26th. Hauck Aufhäuser, a German digital custody subsidiary under the Dutch bank, has just received official authorization under the EU’s Markets in Crypto-Assets Regulation (MiCAR). What does this mean? Under a unified European regulatory framework, they can now legally provide cryptocurrency custody and trading services to institutional clients—this is a signal that traditional banking systems are embracing the crypto space.

Even more interestingly, during the same period, this bank also completed an innovative transaction in cooperation with Germany’s central bank DZ BANK. It’s not particularly complex, but the technical approach is quite intriguing: an international over-the-counter smart derivatives contract, operated for ten days, fully automated on-chain.

Details include that settlement, valuation, and collateral management are all done on-chain, with daily payments processed through the European payment zone (SEPA) instant channel, then confirmed and written back into the smart contract. The benefits of this process are obvious—improved transparency and faster operations. In other words, the on-chain transformation of traditional finance has moved from conceptual stage to real implementation, and it is being pioneered in Europe, where the regulatory environment is relatively mature.

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blocksnark

· 2025-12-29 13:11

Europe is finally getting serious. How long will it take for traditional finance to adopt on-chain derivatives and become mainstream?

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GasFeeNightmare

· 2025-12-29 02:45

Are banks getting into on-chain derivatives? Traditional finance really can't sit still anymore. Once they get the MiCAR license, these European institutions are also starting to compete in the blockchain space.

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FloorSweeper

· 2025-12-26 15:30

Traditional finance is finally coming clean, directly moving on-chain to play derivatives. This is really getting interesting now.

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SlowLearnerWang

· 2025-12-26 15:29

Europe is really taking its time, we've already been playing with this domestically for a while. Now that MiCAR authorization has come, it feels a bit late.

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CodeAuditQueen

· 2025-12-26 15:27

Watching them run derivative contracts on-chain, what I care about most is where the smart contract audit report is. Fully automated in ten days? Collateral management completely on-chain? If such a design introduces reentrancy attack vectors or overflow check omissions, the consequences could be disastrous.

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DeFiChef

· 2025-12-26 15:17

Traditional banks are finally dropping the pretense and moving directly on-chain to develop derivatives... This is the kind of integration I want to see, not that hypocritical embrace.

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