MiCAR is officially rolling out, and Conio is taking the lead to grab an early spot on the EU-compliant track—institutional-grade crypto services are about to turn up the competition.

Crypto World News reports that Italian fintech company Conio has obtained authorization as a crypto asset service provider under the EU MiCAR framework, becoming one of the companies approved before the implementation of stricter licensing requirements. The authorization was granted after regulatory review by Italy's market regulator Consob and the Bank of Italy, allowing Conio. Conio plans to serve retail investors, financial institutions, banks, and fintech companies, and intends to support organizations pursuing tokenization and digital asset management projects. CEO Christian Miccoli stated that the authorization strengthens Conio's efforts as an institutional partner aiming to incorporate digital assets into regulated investment products. Conio also plans to continue participating in blockchain and tokenization projects.