Sutor Bank has received permission from the German Federal Financial Supervisory Authority (BaFin) to provide the crypto service ‘Execution of orders on crypto assets for clients’ in accordance with the European Markets in Crypto Assets Regulation (MiCAR). BaFin confirmed the corresponding notification on 18 December 2025. This makes Sutor Bank one of the few institutions that are now permitted to offer their crypto services throughout the EU.
As a CRR credit institution (regulated full-service bank subject to capital adequacy requirements), Sutor Bank does not need a separate MiCAR licence, but instead reports the provision of crypto services to the supervisory authority. With the notification now confirmed, Sutor Bank is authorised to continue offering this crypto service under the new European legal framework.
Sutor Bank is one of the early banking partners of crypto companies in Germany. Even in the early years of the crypto market, the Hamburg-based institution supported various business models, including early stablecoin applications, trading via a wide range of channels and crypto savings plans. Today, Sutor Bank, together with its partner JustTRADE, enables trading in over 60 crypto assets.
In addition to executing crypto trading orders, Sutor Bank also provides the necessary money and payment infrastructure. Through its Banking-as-a-Service platform, crypto and securities companies that have their own licences but are not allowed to conduct deposit business can offer their customers clearing accounts as well as settlement and payment processes. Partners in this area include the European crypto trading provider Bitvavo.
With the MiCAR authorisation, Sutor Bank will be able to offer its crypto services – as well as its other banking services – throughout the EU via the European passporting procedure. MiCAR creates a uniform legal framework for the provision of crypto services in the European Union for the first time.
The licence expands the service portfolio of Sutor Bank's Banking-as-a-Service platform, which is used by crypto companies, fintechs and providers of embedded finance solutions. In addition to Crypto-as-a-Service, the platform also covers Investment-as-a-Service and Payment-as-a-Service. The platform is currently being expanded to include the custody of electronic securities in accordance with the eWpG. The go-live of this new offering is planned for the first quarter of 2026.
About Sutor Bank
With its mission ‘Banking the Future since 1921’, Hamburg-based Sutor Bank offers partners a digital banking platform on which they can develop innovative financial business models and products. Its partners include fintechs and cryptotechs as well as traditional financial services providers. Since 1921, Sutor Private Banking has been serving clients with award-winning asset management and comprehensive wealth advisory services.
