Financial infrastructure provider OpenPayd has secured authorization under the European Union’s Markets in Crypto-Assets Regulation, allowing the company to offer regulated crypto services across the European Economic Area through a single license.
Summary
- OpenPayd has secured MiCA authorization, allowing it to offer regulated crypto services across the European Economic Area through a single license.
- The company said the approval covers fiat to stablecoin conversions, custody, wallet infrastructure, and stablecoin transfers across major blockchain networks.
- OpenPayd announced the authorization days before the July 1 MiCA deadline as crypto firms across Europe race to secure regulatory approval.
OpenPayd announced on June 24 that the authorization grants it crypto-asset service provider status under MiCA. The company said it can now provide regulated services including fiat-to-stablecoin on- and off-ramping, custody, wallet infrastructure, and stablecoin transfers across major blockchain networks throughout the EEA.
OpenPayd said businesses can access those services through a single API that connects traditional banking rails with digital asset infrastructure. The company added that clients can move and manage both fiat currencies and digital assets through the same platform.
“Stablecoins are rapidly becoming part of mainstream financial infrastructure,” OpenPayd CEO Iana Dimitrova said.
“MiCA is a major step forward for Europe because it gives businesses the assurance to leverage digital asset technology to improve their payments and treasury and to grow.”
OpenPayd said it launched its stablecoin infrastructure one year ago and has since expanded across treasury, settlement and cross-border payment use cases. The company stated that it currently processes more than $240 billion in annualized transaction volume for more than 1,100 businesses globally, including Kraken, eToro, OKX and B2C2.
The company did not disclose which regulator issued the authorization or identify the jurisdiction where it was granted.
Authorization arrives before MiCA deadline
The approval was announced less than a week before the end of MiCA’s transitional period on July 1. Under the framework, licensed firms can use passporting rules to provide services across the EEA after completing the required notification procedures.
OpenPayd joins a growing list of companies that have secured MiCA-related approvals ahead of the deadline. Bitcoin Suisse announced a MiCA license in Liechtenstein on June 23, while Ripple disclosed preliminary CASP approval in Luxembourg through a Green Light Letter issued by the Commission de Surveillance du Secteur Financier.
Ripple said its authorization would support regulated cryptoasset and stablecoin payment services for financial institutions and businesses across the EEA once final approval requirements are met. Conio, an Italy-based fintech company, also received MiCA authorization in June, allowing it to provide crypto custody, transfer and placement services under the EU framework.
According to a recent report, Europe had more than 3,000 virtual asset service providers in 2024 but only 194 authorized crypto-asset service providers, including credit institutions, by May 2026.
Stablecoin infrastructure expands
OpenPayd has increased its focus on stablecoin infrastructure over the past year through partnerships and blockchain-related integrations.
In June, Circle partnered with OpenPayd to provide infrastructure that enables businesses to convert between fiat currencies and Circle’s USDC stablecoin. At the time, Dimitrova said stablecoins would be foundational to the next generation of financial services.
TON Foundation also selected OpenPayd in December to provide fiat infrastructure for the TON Blockchain ecosystem. The foundation said OpenPayd’s platform would support treasury operations, ecosystem grants and international fiat transfers across multiple jurisdictions.
OpenPayd is also pursuing a public listing in the United States. Earlier this month, the company announced a proposed merger with special purpose acquisition company Titan Acquisition Corp.
The transaction values OpenPayd at approximately $1.1 billion and would result in its shares trading on Nasdaq under the ticker symbol “OP” if shareholders and regulators approve the deal. OpenPayd said the transaction is expected to close during the fourth quarter of 2026.
