Tesseract Secures MiCA License to Offer DeFi Yield Services in Europe

Finnish crypto asset manager becomes first under MiCA to provide DeFi yield generation, expanding portfolio, custody, and transfer services to retail and corporate clients.

Summary

Finnish crypto asset management firm Tesseract has obtained a MiCA license, enabling it to offer portfolio management, custody, and asset transfer services. The company is the first in Europe under the MiCA framework to provide DeFi yield generation, with no minimum investment for retail clients and a corporate initial deposit requirement of about $1 million.

Terms & Concepts
  • MiCA License: A regulatory authorization under the EU’s Markets in Crypto-Assets framework, governing crypto-related services and protecting investors.
  • DeFi Yield Generation: The process of earning returns on crypto assets through decentralized finance protocols, often via lending, staking, or liquidity provision.
  • Crypto Custody: The storage and safeguarding of digital assets on behalf of clients, ensuring security and compliance with regulatory standards.