The license was issued by the Malta Financial Services Authority, and it enables the company to offer services including fiat-to-stablecoin on-ramping and off-ramping. The approval comes ahead of the July 1 MiCA transition deadline.
OpenPayd Wins MiCA Approval
Financial infrastructure provider OpenPayd secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). This allows the company to offer regulated crypto services throughout the European Economic Area (EEA) through the framework’s passporting mechanism.
The authorization allows OpenPayd to operate as a crypto-asset service provider (CASP), and gives it the ability to support services like fiat-to-stablecoin on-ramping and off-ramping for businesses. These services are becoming essential as stablecoins gain traction in the financial sector and businesses look for efficient ways to move between traditional currencies and digital assets.
In a statement, OpenPayd Chief Executive Officer Iana Dimitrova talked about the growing role of stablecoins in modern finance, and said that they are quickly becoming part of mainstream financial infrastructure. She believes that MiCA provides businesses with more confidence to adopt digital asset technologies for payment solutions, treasury management, and broader business growth initiatives.
The MiCA license was granted by the Malta Financial Services Authority (MFSA), one of the European regulators that has already approved several major cryptocurrency firms under the new framework. Companies like OKX and Gemini have also received MiCA authorization through Malta.
The approval arrives just days before the July 1 MiCA transitional deadline, which prompted crypto firms across Europe to accelerate their licensing efforts. Bitcoin Suisse recently received a MiCA license in Liechtenstein and Ripple received preliminary CASP approval in Luxembourg.
OpenPayd’s latest authorization builds on the company’s existing digital asset infrastructure, which it launched approximately a year ago. The platform allows businesses to manage both fiat currencies and digital assets through a unified system. According to the company, it currently processes more than $240 billion in annualized transaction volume for over 1,100 businesses globally. Its client roster includes industry participants such as Kraken, eToro, OKX, and B2C2.
Overall, OpenPayd has grown into a major financial infrastructure provider serving businesses worldwide. The MiCA authorization is now expected to strengthen the company’s position in the European market.
