SMARTBROKER+ Enhances ESG Reporting with Crypto Data from Crypto Risk Metrics
- Cooperation to fulfill regulatory requirements in accordance with MiCAR
- Decisive factors for the decision in favor of Crypto Risk Metrics: No conflicts of interest, technically reliable measurements and integration of ESG data into the ISO standard
Frankfurt am Main, December 3rd, 2024. With Smartbroker AG, Crypto Risk Metrics has attracted another major customer for its ESG data services for cryptocurrencies. After Bitpanda, Coinmerce, dwpbank, Bank Frick and Blockrise this is now the sixth regulated institution to use Crypto Risk Metrics’ services.
Thomas Soltau, Member of the Board of Smartbroker AG, comments: “We made a conscious decision to source the ESG data for cryptocurrencies with Crypto Risk Metrics from a neutral and highly specialized third party. This sends a clear signal that regulatory compliance and transparency for our customers are of high importance to us. Thanks to the data, we are able to provide the greatest possible transparency to our customers and facilitate decision-making for their upcoming investment.”
Tim Zölitz, CEO of Crypto Risk Metrics, adds: “With Smartbroker AG, we were able to convince another renowned client from the financial services industry of our services, which obvisouly not only makes us proud but also vindicates our strategy of not accepting payments from blockchain protocols for the calculation of ESG metrics: The potential conflicts of interest are simply too high for regulated financial market participants, as they are ultimately responsible for the content of the data they report under MiCAR. And the investments in technical excellence and robust statistical models are now finally paying off.”
The Markets in Crypto-Assets Regulation (MiCAR) obliges so-called crypto-asset service providers to report various ESG key figures from December 30th, 2024. As a leading data provider in this area, Crypto Risk Metrics is, for example, the exclusive ESG data provider of the ISO 24165 issuing body for the Digital Token Identifier Foundation and cooperates with data providers such as Infront and the Stuttgart Stock Exchange for easy integration into the systems.
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:
- MiCAR Listing and Delisting Compliance for Crypto-Assets – Crypto Risk Metrics Extends Product Range
- Crypto Risk Metrics Supports Blockrise in Meeting MiCAR Requirements with ESG Data Solution
- Focus on Sustainability & MiCAR Compliance: Bank Frick Uses Crypto ESG Data from Crypto Risk Metrics
- Coinmerce Chooses Crypto Risk Metrics for Reliable Crypto ESG Data to Ensure MiCAR Compliance
