Matheson is pleased to have supported Kraken with successfully securing a licence under the Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland. This licence will allow Kraken to offer fully-regulated crypto services across the European Economic Area (EEA). This authorisation represents a critical milestone for Kraken as they are first global crypto platform to receive a MiCA licence from the Central Bank of Ireland.
Matheson partners Joe Beashel and Ian O'Mara from Matheson's Financial Institutions Group were supported by associates, Nicole Ward, Kevin Burns, Kelsie Somers, Aaron Leonard, Rachel Power, Sam Kirwan and a cross-section of corporate and technology colleagues in the authorisation process.
Ian O'Mara, partner in Matheson's Financial Institutions Group said, "We are delighted to have played a part in helping Kraken to achieve the milestone of securing a licence under the Markets in Crypto-Assets Regulation (MiCA). This is the culmination of a long and detailed process and one which will enable the firm to scale and engage with clients across the EEA in a compliant manner."
"It is an encouraging sign that some of the most exciting and rapidly growing firms in the crypto sector market are reinforcing their commitment to this region. It is also another great vote of confidence in Matheson as the law firm of choice for internationally focused companies and financial institutions doing business in and from Ireland."
Founded in the United States in 2011, Kraken is one of the world’s largest digital asset exchanges and the leader in euro volume and liquidity. Its mission is to accelerate the global adoption of crypto so that everyone can achieve true financial freedom and inclusion. You can read more about Kraken here - https://www.kraken.com/
Matheson's Financial Institutions Group is led by 8 partners and over 25 lawyers. The team consistently advises on the most high-profile and significant transactions in the Irish and international markets for regulated financial institutions. This transaction is a further example of the strength and depth across our market-leading Financial Institutions Group and showcases our experience delivering for clients on their complex and innovative authorisation projects.
Matheson is ranked as a Tier 1 Irish law firm by both Legal 500 and Chambers Europe for Fintech. For more information about our legal services, please contact a member of the Financial Institutions Group or your usual Matheson contact.
