Baader Bank among first to secure MiCAR licenses in Germany

Client(s) Baader Bank Aktiengesellschaft

Jones Day has advised Baader Bank Aktiengesellschaft ("Baader Bank") in obtaining authorization to execute client orders in crypto-assets under the Markets in Crypto-Assets Regulation (MiCAR), as well as on the EU-wide passporting. The authorization was among the first in Germany and Europe to be granted under the newly established MiCAR notification procedure enabling (MiFID/CRR) licensed financial institutions to extend their existing license(s) to crypto-assets. By assisting Baader Bank in securing one of the first authorizations under this new license procedure under MiCAR, the Jones Day team continues to advise on cutting edge innovative FinTech and crypto asset matters reaffirming its position as a market leader for FinTech matters.