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First Insured Bitcoin White Paper to Comply with MiCAR: Blockrise Chooses Crypto Risk Metrics 

With MiCAR enforcement underway, Blockrise became the first asset manager to opt for an insured MiCAR-compliant white paper – provided by Crypto Risk Metrics.
Crypto Risk Metrics
10.07.2025
First Insured MiCAR-compliant Bitcoin White Paper Blockrise Chooses Crypto Risk Metrics

Frankfurt, July 10th, 2025. After being appointed the exclusive white paper provider for Bitstamp earlier this year, Crypto Risk Metrics wins Rotterdam’s Bitcoin asset manager Blockrise as next client for their MiCAR white paper services. 

Jos Lazet, CEO of Blockrise, explains: “We are positioning ourselves as the gold standard for Bitcoin asset management – which of course comes with the duty to adhere to the respective rules and regulations at all times. With the arrival of these new regulations, we needed MiCAR-compliant white papers as we offer crypto-asset services to our clients. We are happy that Crypto Risk Metrics is able to provide them for us.”

By relying on the white papers from Crypto Risk Metrics, Blockrise chose the only supplier who offers insurable white papers, enhancing consumer protection even further. 

Tim Zölitz, CEO of Crypto Risk Metrics, adds: “After the ESMA statement came out, we conducted a thorough investigation of the legal requirements with legal firm DLA Piper, both on the CASP and on our side. This resulted in us building a specialized product for white paper compliance for the industry, which is insurable by a leading German insurer with a Standard & Poor’s rating of A+, as this seems very much needed in order to avoid friction in the market. By relying on our services, we contribute to investor protection, while at the same time helping the CASPs to stay compliant and minimize liability risks.” 

ESMA’s public statement addressed the expectation from the regulator when it comes to non-compliant assets under MiCAR and the interpretation of “offering” a crypto asset. It was made clear that companies providing reception and transmission of orders, execution of orders for crypto-assets on behalf of clients, and exchange of crypto-assets for funds or other crypto-assets would also be expected to ceise offering non-compliant assets to the public.

Source: Press release Crypto Risk Metrics

To gain a deeper understanding of the ESG disclosure requirements under the MiCAR regulation, explore our article on ESG Disclosure Requirements for Crypto-Asset Service Providers in Europe – Everything You Need to Know.

For further reading on our recent developments and partnerships, check out the following articles:

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