| ESMA consults on reverse solicitation and classification of crypto assets as financial instruments under MiCA
January 29, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes two Consultations Papers on guidelines under Markets in Crypto Assets Regulation (MiCA), one on reverse solicitation and one on the classification of crypto-assets as financial instruments. |
| ESMA invites comments from stakeholders by 29 April 2024. Consultation paper on guidelines on reverse solicitation In this consultation, ESMA is seeking input on proposed guidance relating to the conditions of application of the reverse solicitation exemption and the supervision practices that National Competent Authorities (NCAs) may take to prevent its circumvention. The proposed guidance confirms ESMA's previous message that the provision of crypto-asset services by a third-country firm is limited under MiCA to cases where the client is the exclusive initiator of the service. This exemption should be understood as very narrowly framed and must be regarded as the exception. A firm cannot use it to bypass MiCA. |
| Ex-Pimco executive plans Europe's first catastrophe-bond ETF
October 29, 2025--King Ridge Capital Advisors is already managing the world's first-ever cat-bond ETF for Brookmont Capital Management. |
| CoinShares Launches TON ETP with Zero Management Fees and 2% Staking Yield October 28, 2025-Europe's leading digital asset manager delivers institutional access to TON, the blockchain powering Telegram's 900+ million users. |
| Valour Inc. Launches Sky (SKY) ETP on Spotlight Stock Market, Reaching 100 Listed ETPs October 22, 2025-100th ETP listed: Valour Sky (SKY) SEK ETP (ISIN CH1108681516) is now live on Sweden's Spotlight Stock Market, marking Valour's one hundredth exchange-traded product across Europe. |