Financial infrastructure provider OpenPayd has obtained authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework, a move that allows the company to offer regulated crypto-asset services across the entire European Economic Area through a single license. The approval, announced on June 24, comes just days before the MiCA transitional period ends on July 1, as crypto firms across Europe race to meet the regulatory deadline.
Under the new authorization, OpenPayd gains crypto-asset service provider (CASP) status and can now deliver a suite of regulated digital asset services. These include fiat-to-stablecoin on- and off-ramping, custody, wallet infrastructure, and stablecoin transfers across major blockchain networks. Businesses can access these services through a single API that unifies traditional financial rails with digital asset infrastructure, enabling seamless movement and management of both fiat currencies and digital assets on one platform.
OpenPayd launched its stablecoin infrastructure one year ago and has since seen adoption expand into treasury, settlement, and cross-border payment use cases. The company now processes more than $240 billion in annualized transaction volume for over 1,100 businesses globally, including notable clients such as Kraken, eToro, OKX, and B2C2. CEO Iana Dimitrova emphasized that “stablecoins are rapidly becoming part of mainstream financial infrastructure” and that MiCA gives businesses the assurance to leverage digital asset technology for payments, treasury, and growth.
The MiCA approval is part of OpenPayd’s broader strategy to build a comprehensive regulated infrastructure for global money movement. The company has ramped up its stablecoin focus through key partnerships: in June, Circle partnered with OpenPayd to enable fiat-to-USDC conversions, and in December, TON Foundation selected OpenPayd to provide fiat infrastructure for the TON Blockchain ecosystem. Additionally, OpenPayd is pursuing a public listing on Nasdaq via a merger with Titan Acquisition Corp., a deal that values the company at around $1.1 billion and would see its shares trade under the ticker “OP” upon completion in Q4 2026.
The authorization adds to a growing list of companies securing MiCA approvals ahead of the deadline. Bitcoin Suisse received a MiCA license in Liechtenstein on June 23, Ripple disclosed preliminary CASP approval in Luxembourg, and Conio obtained MiCA authorization in Italy. According to a recent report, Europe had more than 3,000 virtual asset service providers in 2024 but only 194 authorized CASPs by May 2026, highlighting the significance of OpenPayd’s milestone.
