Penning Acquires Veli’s Wealth Business to Build MiCA-Compliant Digital Asset Platform

Penning is targeting Veli’s wealth management business to integrate digital asset investment and management services and build a platform compliant with the European Union’s Markets in Crypto-Assets Regulation (MiCA). MiCA harmonizes EU rules for crypto-asset issuance and service providers, making compliance capabilities a direct factor in operators’ cross-border reach and customer trust.

Penning has announced the acquisition of Veli’s wealth business, aiming to expand its range of compliant digital asset services. The transaction value, exact announcement date, closing timetable and status of regulatory approvals have not been disclosed. The latest confirmed development is that the companies will pursue integration around a digital asset platform aligned with the MiCA framework.