The Netherlands-based pure BTC startup Blockrise has obtained a regulatory license, opening the door to fully regulated BTC financial services across Europe.

The company announced on Wednesday that the Dutch Authority for the Financial Markets (AFM) has granted Blockrise a license under the new European-wide regulation for the crypto assets market (MiCA).

The MiCA license was issued on Tuesday, allowing Blockrise to offer its BTC services throughout Europe, including custody solutions, trading, and asset management.

Additionally, Blockrise is launching a new service that allows its corporate clients to obtain BTC loans, although MiCA has not yet regulated cryptocurrency lending services.

Blockrise CEO Jos Lazet told Cointelegraph, "MiCA is the basis for Blockrise to offer BTC-backed loans, providing services only to corporate clients to remain within regulatory constraints."

Starting today, Blockrise will offer the new credit service to all its corporate clients, with commercial loans starting at €20,000 ($23,150).

Lazet stated, "Borrowers can collateralize their BTC to open a loan." He added that the current interest rate is 8%, but it will be reviewed monthly.

MiCA will be fully implemented by the end of 2024, regulating the issuance and trading of cryptocurrencies, but it does not cover many industry services and areas, such as lending and decentralized finance (DeFi).

When discussing the regulatory scope of MiCA, the Blockrise CEO expressed optimism about the framework's potential to expand in the coming years.

Lazet said, "MiCA does not regulate everything yet, but it is expected to expand over time to include more areas, such as lending, mining, payments, etc." He added:

Blockrise was founded in 2017 and operates a crypto asset management company that offers a "semi-custodial wallet structure." Unlike pure self-custody where users can recover assets with private keys, according to the CEO, Blockrise clients hold digital Blockrise keys, which have no value other than accessing BTC on the platform.

Lazet explained, "Blockrise has multiple vaults, known as hardware security modules, that can securely generate BTC wallets, and the keys cannot be extracted from the vaults. To conduct a transaction, the user's Blockrise key is required." He added that both the user and Blockrise need to sign the transaction.

Since Blockrise does not directly hold user funds in the traditional sense, Lazet stated that managing assets "is a difficult metric to measure." He mentioned that the company currently manages approximately €100 million ($116 million) in client assets.

Related: Deutsche Börse locks in third euro stablecoin, aligning with broader EU adoption trends

Original article: “Blockrise Obtains Dutch MiCA License to Provide Bitcoin (BTC) Backed Loans to EU Businesses”

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。