MoraBanc Pioneers Digital Asset Custody in Andorra

MoraBanc became Andorra's first bank to receive regulatory approval for digital asset custody and market access in February 2024, paving the way for a new financial sector amid evolving technology and client demands.

The bank has since expanded its offerings steadily. It began with secure custody and trading of digital assets within its regulated framework. This progressed to collective investment vehicles focused on these assets, enabling structured and transparent client participation. Most recently, staking options were added to those vehicles, signaling growing market maturity.

Executives emphasize that pioneering this space demanded more than technical upgrades—it required building an entirely new market with the same rigorous standards upheld by the bank for nearly 90 years. Internal training across teams and close collaboration were key to bridging traditional finance and digital innovation.

Being first brought challenges, including uncharted risks and high expectations. The bank approached it with humility, continuous learning from technology, market shifts, and client feedback. The goal: prove that innovation can align with reliability, positioning banking as a trusted gateway to digital assets.

Today, other Andorran financial institutions are entering the field, which MoraBanc welcomes as validation. Competition strengthens the ecosystem in Andorra's tightly linked market, provided all players adhere to shared standards to avoid collective pitfalls.

Looking ahead, the bank calls for greater collaboration among institutions, knowledge-sharing, interoperability, and financial education for professionals and clients alike. This could establish Andorra as a hub for responsible financial innovation, where technology complements trust. Digital assets, they argue, mark a lasting evolution, sustainable only through joint efforts.