[ABN AMRO Secures MiCAR License and Completes Blockchain Derivatives Transaction] The German subsidiary of ABN AMRO, Hauck Aufhäuser Digital Custody, has obtained authorization under the EU's Markets in Crypto-Assets Regulation (MiCAR) to provide crypto asset custody and trading services for institutional clients, with plans to expand to other EU member states. MiCAR will officially come into effect on December 30, 2024, and ABN AMRO is among the early licensed institutions. At the same time, ABN AMRO and DZ BANK completed their first cross-border over-the-counter 'Smart Derivatives Contract' (SDC) transaction based on blockchain technology. The transaction lasted 10 days, with settlement, valuation, and collateral management automatically executed on-chain, while payments were processed instantly via SEPA and relayed back to the smart contract. ABN AMRO stated that regulatory compliance and on-chain financial infrastructure are key components of its efforts to advance digital assets and financial innovation in Europe.