StoneX Group gets approval for digital asset business in Ireland
05 December 2024 Ireland
Image: Natalia/stock.adobe.com
StoneX Digital International, a subsidiary of StoneX Group, has received approval from the Central Bank of Ireland to operate the digital asset business as a virtual asset service provider.
The approval marks the latest step in the group’s continued global expansion into digital asset services for institutional clients, the firm says.
The StoneX Digital platform will provide execution and custody services, offering liquidity and flexible trading tools with multiple API integration options for connectivity.
These services will be integrated into the StoneX group’s suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including equities, ETFs, futures, and treasuries.
StoneX Digital was launched in June 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access.
Commenting on the news, StoneX Digital CEO Brian Mulcahy says: “StoneX Digital International’s new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions in the rapidly changing digital asset landscape.
“This approval continues the expansion of our services into evolving markets and helps meet the growing demand for institutional-grade digital asset capabilities.”
James McAuslan, global head of Prime Services and head of Securities for EMEA at StoneX Financial, adds: “The approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, while strengthening our product ecosystem and geographical relevance in one of the EU’s leading financial centers.
“StoneX Digital is vital to our global expansion strategy as institutional clients increasingly seek exposure to digital assets.”
The approval marks the latest step in the group’s continued global expansion into digital asset services for institutional clients, the firm says.
The StoneX Digital platform will provide execution and custody services, offering liquidity and flexible trading tools with multiple API integration options for connectivity.
These services will be integrated into the StoneX group’s suite of global prime brokerage services, complementing existing offerings across the StoneX product suite, including equities, ETFs, futures, and treasuries.
StoneX Digital was launched in June 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access.
Commenting on the news, StoneX Digital CEO Brian Mulcahy says: “StoneX Digital International’s new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions in the rapidly changing digital asset landscape.
“This approval continues the expansion of our services into evolving markets and helps meet the growing demand for institutional-grade digital asset capabilities.”
James McAuslan, global head of Prime Services and head of Securities for EMEA at StoneX Financial, adds: “The approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, while strengthening our product ecosystem and geographical relevance in one of the EU’s leading financial centers.
“StoneX Digital is vital to our global expansion strategy as institutional clients increasingly seek exposure to digital assets.”
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