Regulation· ★★★· neutral·

French crypto M&A accelerates after MiCA takes effect

  • —Alphacap Digital Assets won its PSCA MiCA licence from the AMF on June 25 and acquired Mon Livret C's client book
  • —Coinhouse absorbed Tilvest, which brought a network of nearly 500 adviser partners
  • —Kaiko acquired Cometh, a French blockchain infrastructure and DeFi firm
  • —Qwarks took over Ouro Capital's clients in January 2025, adding 60 partners and €6 million in assets
Why it matters: MiCA is driving consolidation: licensed players gain clients and technology while smaller firms exit the market.
Source: Cryptoast