Hyphe obtains its MiCAR licence in Germany ahead of European expansion

Munich, November 26, 2025 – Digital asset liquidity provider, Hyphe, has received a MiCAR licence from German regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). This completes a process which started in 2021 with the intention of focussing all of the group’s regulated activity within a newly-established German company, Hyphe Markets GmbH. Wertpapierinstitut status was granted in 2023 when Hyphe received an Investment Firm Licence (WpIG) covering MiFID II-related activity. Hyphe recently announced the development of an innovative crypto-backed tokenised security, Hyphe Bitcoin Bond. Overseen by joint directors, Dolf Diederichsen and Claus Huth, Hyphe’s client trading business and product development is managed from headquarters in Munich, with an international team based there and in additional locations in Berlin and Amsterdam. The company now plans to expand its digital asset product and service offering across Europe via an EU passport.

Claus Huth, Hyphe Chief Operating Officer (COO): “Hyphe is committed to high supervisory standards, providing banks, brokers and asset managers with easy-access digital asset liquidity under the EU-wide MiCAR framework. Focussing all our regulated activity in Germany provides an even more robust foundation for the business. Creating the ideal setup for our clients has been a lengthy but rewarding process and I am very excited to take the next step forward at this pivotal moment in the company’s story.”

Co-founder & CEO, Dolf Diederichsen: “There is so much happening in the digital asset space at the moment, and I see Hyphe continuing to play a crucial role in the coming together of two worlds - digital asset markets and traditional finance. I am delighted to see the MiCAR licence granted and very proud of the team responsible. Some time ago we made the important decision to optimise our corporate structure for high standards, product innovation and sustained expansion into other key European markets. This is the culmination of that process.”