Is Boerse Stuttgart Digital Custody GmbH licensed under MiCA in the European Union?

Boerse Stuttgart Digital Custody GmbH is an institutional crypto-asset custodian based in Germany, not a consumer crypto exchange. It operates under the Boerse Stuttgart Digital brand, the digital-assets arm of the Boerse Stuttgart Group, and on its website it describes itself as providing 'institutional-grade crypto infrastructure' and a one-stop shop for crypto trading and custody aimed at financial institutions rather than retail users. The company states it offers insolvency-proof, insured and fiduciary custody for cryptocurrencies and digital assets through a custody-as-a-service platform, and is headquartered in Stuttgart, Germany. Sources: bsdigital.com

The contracting legal entity is Boerse Stuttgart Digital Custody GmbH, which is authorised in Germany under MiCA by the Federal Financial Supervisory Authority (BaFin). Boerse Stuttgart Digital describes this as Germany's first MiCAR (MiCA) crypto custody licence granted by BaFin. The firm's registration also appears on the AMF (France) white list of authorised crypto-asset service providers, reflecting its passporting into other EU member states. Sources: AMF white list (CASP register)

Under MiCA, this entity is authorised for the custody and administration of crypto-assets on behalf of clients and for transfer services for crypto-assets. The licence does not, on the basis of this registration, cover other MiCA services such as operating a trading platform, exchanging crypto-assets for funds or other crypto-assets, placing, or reception and transmission of orders - those activities sit with other entities in the wider group rather than this custody company. So the answer to whether Boerse Stuttgart Digital Custody GmbH is licensed under MiCA in the EU is yes, but specifically as a custody and transfer-services provider regulated by BaFin in Germany. Sources: AMF white list (CASP register)