Summary
Clearstream's expansion from 2 to 8 crypto assets (adding SOL, XRP, ADA, LTC, XLM, AVAX) enables European asset managers to structure MiCA-compliant ETPs for these assets that can clear and settle through established European infrastructure. The custody runs through Crypto Finance AG (FINMA-licensed, Switzerland) and Crypto Finance Deutschland GmbH (BaFin-regulated, Germany), which obtained its MiCAR license in January 2025. Clearstream clients use existing account infrastructure with no new system integrations. The expansion reflects growing institutional demand for regulated custody of proof-of-stake networks (SOL, ADA) and assets with regulatory clarity in Europe (XRP). Clearstream holds over 15 trillion euros in assets under custody.
Key Points
- New assets: SOL, XRP, ADA, LTC, XLM, AVAX (joining BTC, ETH)
- Sub-custodian: Crypto Finance AG (FINMA) + Crypto Finance Deutschland (BaFin)
- MiCAR license obtained: January 2025
- Clearstream: one of two ICSDs globally, 15 trillion+ euros AUC
- Existing account infrastructure: no new integrations needed
- Enables MiCA-compliant ETP creation for all 8 assets
- Spiko launched SAFO (Europe's largest tokenized MMF) on Solana in early July
- US Solana ETFs logged positive inflows every July trading day