StoneX Gains Irish Regulatory Approval for Digital Asset Operations

StoneX Group Inc (NASDAQ: SNEX) has secured approval from the Central Bank of Ireland for its subsidiary, StoneX Digital International Limited, to operate as a Virtual Asset Service Provider (VASP).

The approval enables the company to provide digital asset services to institutional clients through its StoneX Digital platform, offering execution and custody services with API integration options. These services will be integrated with StoneX's existing prime brokerage operations covering equities, ETFs, futures and treasuries.

Brian Mulcahy, CEO of StoneX Digital, said: "StoneX Digital International Limited'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, said: "The approval from the Central Bank of Ireland serves to enhance our custodial and clearing capabilities, whilst 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. We look forward to growing our Prime Services offering across digital and traditional assets globally to better serve the needs of our customers."

StoneX Digital launched in June 2022 to provide institutional clients with digital asset trading tools and market access as traditional financial institutions increasingly seek regulated providers for digital asset services.

StoneX Group Inc provides financial services connecting companies, organisations, traders and investors to global markets through digital platforms, clearing and execution services. The company is listed on the Nasdaq stock exchange under the ticker SNEX.