Denmark based CASP4.8/5Security & Compliance
Don't take our word for it — verify Penning in the Finanstilsynet register (FTID 10902) →
Licensed and Regulated in the EU
Penning Financial Services ApS is licensed by the Danish Financial Supervisory Authority (Finanstilsynet) as a Crypto-Asset Service Provider (CASP) under the EU's Markets in Crypto-Assets Regulation (MiCA).
CASP License
FTID 10902, issued by Finanstilsynet.
MiCA Compliant
Operating under the EU's unified crypto-asset regulatory framework.
Danish Jurisdiction
Incorporated in Copenhagen, Denmark, a triple-A rated jurisdiction.
EU Passporting
Eligible to provide services across all 27 EU member states.
Our license isn't a formality, it defines how we operate. From capital requirements and governance standards to ongoing supervisory reporting, every part of Penning's operations is subject to regulatory scrutiny. This means your engagement with Penning follows the same level of regulatory oversight applied to traditional financial institutions.
Institutional-Grade Asset Protection
Client Funds Safeguarded
Your fiat is held with regulated Danish banking partners, separate from Penning's operational funds — never used for company operations, lending, or any purpose other than your own transactions and strategies.
Your Wallet, Your Keys
Penning is a brokerage, not a custodian — we don't hold client crypto. Assets you buy are delivered directly to your own wallet, and Native Swap lets you trade straight from your own wallet — including hardware wallets — so your private keys never leave your control.
Tier-1 Banking Partner
Fiat operations are conducted through a tier-1 Danish bank, ensuring that your fiat deposits and withdrawals are processed through a fully regulated banking partner within the Danish financial system.
Counterparty Risk Management
Where applicable, Penning works with established, globally recognized counterparties. We continuously assess and monitor counterparty exposure to manage risk on behalf of our clients.
Penning operates to the strictest European standards for financial services involving crypto-assets — the same standards that govern traditional financial institutions:
Company registration
- Legal name
- Penning Financial Services ApS
- CVR
- DK44645971
- Regulator
- Finanstilsynet (Danish FSA)
- License type
- CASP (MiCA)
- Registered address
- Frederiksgårds Allé 16A, st. th., 2720 Vanløse, Denmark
- License ID
- FTID 10902
Verify the license in Finanstilsynet's register · What a CASP license authorises — the ten regulated services
What you should still watch out for
Regulation reduces risk — it doesn't remove it. We'd rather you went in clear-eyed:
Crypto is volatile
Crypto-assets are highly volatile and carry substantial risk, including the total loss of capital. Past performance is not indicative of future results.
Not deposit-guaranteed
Crypto-assets are not legal tender, not government-backed, and not covered by any deposit guarantee or investor-compensation scheme, including the Danish Guarantee Fund (Garantiformuen).
Your wallet, your responsibility
Because assets are delivered to your own wallet, securing your keys and recovery phrase is your responsibility — Penning cannot recover a wallet it does not control.
Tax is yours to handle
You are solely responsible for determining and meeting your tax obligations in your country of residence. Penning does not file or report taxes on your behalf.
Beware impersonation
Penning will never DM you or ask for your keys, seed phrase, or passwords. Verify every link and only sign in at penning.io.
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