Denmark based CASP4.8/5Regulated crypto, delivered to your own wallet
Penning is a Copenhagen-based crypto brokerage, authorised under the EU's MiCA regulation by the Danish FSA. One flat 2% fee, no custody of your assets — and a license you can look up in the public register.
Penning at a glance
Don't take our word for it — verify the license in Finanstilsynet's register · independent confirmation: kaupr.io
Figures as of July 2026 · License FTID 10902, authorised 15 January 2026.
Built in Copenhagen to hold up to scrutiny
Penning was founded in 2021, when Danish investors who wanted crypto exposure had to choose between offshore exchanges and staying out entirely. We took the opposite route: start with the Danish FSA, and build the platform inside the rules.
What began as an FSA-licensed alternative investment fund grew into a broker desk, then a full crypto-asset service provider. Today Penning Financial Services ApS serves private and institutional clients across the EU/EEA from Copenhagen, under Finanstilsynet's supervision.
And the name? Penning is the old Nordic word for money — coinage once minted for kings, today a platform open to anyone in the EU/EEA.
What being regulated means for you
A MiCA license you can verify
Authorised by Finanstilsynet as a crypto-asset service provider, FTID 10902. The license — and exactly what it covers — is listed in the regulator's public register.
Your crypto, your wallet
Custody is part of Penning's license — but not a product we offer. Penning operates as a brokerage and holds no client crypto: assets are delivered directly to your own wallet.
One flat 2% fee
One flat 2% trading fee, shown before you confirm. No monthly fees, no deposit fees — network costs are passed on at cost.
One Danish license, passported across the EU/EEA
Penning is licensed by Finanstilsynet in Denmark and passports that authorisation to 30 EU/EEA markets under MiCA — no separate license in each country. Services are directed at residents of the EU/EEA.
- Licensed in
- Passported to
- Outside coverage
Licensed by Finanstilsynet in Denmark · passported across the EU/EEA.
Five years, built in the open
Penning's history is a regulatory paper trail: an FSA-licensed fund in 2021, a CASP application in 2023, full MiCA authorisation in 2026. The short version:
Licensed as an AIF
Penning A/S is incorporated in Copenhagen and licensed by the Danish FSA as an alternative investment fund, launching an institutional-grade crypto hedge fund.
The broker desk opens
Penning's proprietary broker desk enters the Nordic market, serving private and corporate clients.
The CASP application
Penning applies to Finanstilsynet for authorisation as a crypto-asset service provider under the EU's incoming MiCA regulation.
Capital and grandfathering
Penning enters the MiCA transitional regime, meets the capital reserve requirement and expands the core team.
Under assessment
Penning operates under the transitional regime while Finanstilsynet assesses the full CASP application.
The CASP license
On 15 January 2026, Finanstilsynet authorises Penning as a crypto-asset service provider — one of Denmark's first, and the only Danish CASP authorised for portfolio management of crypto-assets.
Penning Wealth
Penning acquires Veli's wealth-management business and launches Penning Wealth, welcoming long-term crypto investors from across Europe.
In black and white
The facts a due-diligence check needs — ready to cite for journalists, analysts and compliance officers.
- Legal name
- Penning Financial Services ApS
- CVR
- 44645971
- Group
- Part of Penning Group ApS (CVR 42310352), with Penning A/S (CVR 42312428)
- Regulator
- Finanstilsynet — the Danish Financial Supervisory Authority
- License
- Crypto-asset service provider (CASP) under MiCA — FTID 10902, authorised 15 January 2026
- Services
- 7 of 10 MiCA crypto-asset services, including portfolio management — custody is authorised but not offered
- Capital class
- Class 2
- Registered address
- Frederiksgårds Allé 16A, st. th., 2720 Vanløse, Denmark
- Founded
- 2021 (Penning A/S — Danish FSA-licensed AIF)
- Verify
- Finanstilsynet's register · kaupr.io
- Reviews
- Trustpilot 4.8/5
License facts per the Finanstilsynet and ESMA registers, July 2026 · company data per the Danish CVR register · rating per Trustpilot.
What others say
Coverage of the Veli acquisition and the launch of Penning Wealth, June 2026.
Testimonials
Excellent support and an easy-to-use platform! The phone is always answered quickly, or they call back shortly after if you have any questions. Just a few hours from fiat in your traditional bank to crypto in your own wallet.
Ulrik Bruhn
October 21, 2025
Trading in size — or looking for managed exposure?
Broker Desk from €1,000 per trade, OTC from €100,000, Penning Invest from €5,000 per strategy — all under the same license, on the same flat-fee principle.
Questions people actually ask
More about Penning
Our story
Done your due diligence?
Open a free Penning account in minutes. One flat 2% fee, crypto delivered to your own wallet — on an EU-regulated platform.