Cometh Achieves CASP Regulation, Paving the Way for Treasury Optimization Services for Businesses

Cometh, a leading provider of blockchain solutions for businesses, has been granted official Crypto-Asset Service Provider (CASP) regulation by the French Autorité des Marchés Financiers (AMF) for both custodian and crypto-to-crypto operations. This significant milestone reinforces Cometh's commitment to providing secure, compliant, and efficient access to digital assets.

Proven Track Record for Secure Blockchain Solutions

Cometh has consistently strived to deliver innovative and secure solutions for businesses seeking to explore the potential of blockchain technology. Their belief is that every business deserves the opportunity to leverage Decentralized Finance (DeFi) for improved treasury management and innovative funding avenues. Cometh's newly acquired regulatory status empowers them to offer a suite of novel services that will fundamentally transform daily financial operations.

Introducing the New Treasury Optimization Service

Many businesses struggle to optimize the returns on idle cash reserves, especially in a climate of low bank yields and complex financial products. Cometh's groundbreaking service tackles this challenge by enabling CFOs and financial teams to:

• Simplified Treasury Optimization: Straightforward deposits and withdrawals through a dedicated IBAN account, alongside automated reporting seamlessly integrated with existing accounting systems.

• Unwavering Compliance and Security: They leverage their status as a European CASP provider, ensuring adherence to regulations and ISO 27001 certification.

• Enhanced Performance: Access to yields exceeding traditional banking solutions by up to 5x, facilitated by established Blockchain protocols managing over $35 billion in liquidity.

This service is meticulously designed for businesses seeking maximized returns on their idle treasury, offering real-time yield with the flexibility to withdraw funds at any time, without incurring penalties.

The Perfect Time to Embrace DeFi

Technical hurdles and user experience complexities have historically hindered businesses from fully embracing DeFi. Cometh has actively addressed these obstacles by developing cutting-edge wallet infrastructure, streamlining access to DeFi, and simplifying intricate financial operations.

The introduction of the MiCA regulatory framework on January 1st, 2024, establishes a secure and transparent environment for businesses to confidently adopt DeFi solutions. With all the pieces in place, now is the ideal moment to capitalize on the opportunities DeFi presents.