K33 AB (publ) today announces that its wholly owned subsidiary, K33 Markets AS, has received authorization from the Financial Supervisory Authority of Norway (Finanstilsynet) under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
The authorization enables K33 Markets AS to provide regulated crypto-asset services across the European Economic Area under MiCA’s harmonized framework. This marks a major milestone in K33’s long-term strategy of building a leading European platform for digital asset investments and services.
After having invested heavily in institutional-grade infrastructure, designed for a regulated market, K33 is now well positioned to scale its offering to private investors, corporates, wealth managers and institutional clients efficiently and safely across the European Economic Area .
“Receiving MiCA authorization is a major milestone for K33. We have spent years building our platform, infrastructure and compliance framework with a regulated European market in mind. With MiCA in place, we can now fully utilize that platform and serve clients across Europe under a common regulatory framework. This marks the beginning of a new chapter for K33,,” says Torbjørn Bull Jenssen, CEO of K33.
The authorization further enhances K33’s ability to pursue strategic growth initiatives across Europe. The Company is well positioned to support crypto-asset businesses seeking a regulated European operating framework and intends to explore partnership, infrastructure and acquisition opportunities that leverage its newly authorized platform.
“MiCA marks the beginning of a new phase for the European crypto industry. Beyond serving our own clients, we see significant opportunities to work with exchanges, brokers, OTC desks and other market participants that can benefit from a regulated European platform. We look forward to engaging with companies seeking a trusted partner for long-term growth in Europe,” says Jenssen.
The authorization covers the following crypto-asset services under Article 63 of MiCA:
a) Custody and administration of crypto-assets on behalf of clients
e) Execution of orders for crypto-assets on behalf of clients
j) Provision of transfer services for crypto-assets on behalf of clients
K33 intends to utilize the MiCA framework to offer regulated crypto-asset services across the European Economic Area through passporting arrangements. As the Company continues to develop its platform and product offering, it intends to broaden the scope of its MiCA authorization over time, enabling additional services and capabilities under the European regulatory framework.