ABN AMRO Bank obtains EU MiCAR authorization and completes its first international smart derivative contract transaction

PANews December 26 News, according to Financefeeds, the Dutch bank (ABN AMRO) subsidiary Hauck Aufhäuser Digital Custody has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCAR). The MiCAR license enables the company to provide cryptocurrency custody and trading services for institutional clients within a unified European regulatory framework. Along with obtaining regulatory approval, the Dutch bank also collaborated with the German central bank (DZ BANK) to complete its first international over-the-counter smart derivative contract transaction. The transaction lasted ten days and was fully automated using distributed ledger technology. Settlement, valuation, and collateral management were all completed on-chain, with daily payments executed instantly via the Single Euro Payments Area (SEPA) and confirmed back to smart contracts, thereby enhancing transparency and operational speed.