Image credit: Shutterstock
OpenPayd has secured authorization under the European Union’s Markets in Crypto-Assets framework, allowing the payments infrastructure firm to provide regulated crypto-asset services across the European Economic Area.
The approval comes before the June 30 end of MiCA’s transition period, with unlicensed crypto-asset service providers facing restrictions from July 1 unless they secure authorization or complete wind-down plans.
License Covers Ramps, Custody and Transfers
OpenPayd said the authorization allows it to operate as a crypto-asset service provider under MiCA through a single European license.
The company can offer fiat-to-stablecoin on-ramps and off-ramps, custody, wallet infrastructure and stablecoin transfers across major blockchain networks.
The services are aimed at businesses that want to connect traditional payment rails with digital assets through one API.
OpenPayd Targets Stablecoin Payment Demand
OpenPayd framed the license around business demand for regulated stablecoin infrastructure in Europe.
The company said the need is strongest in treasury, settlement and cross-border payment flows, where businesses are looking for licensed routes between fiat accounts and stablecoin networks.
The approval gives OpenPayd a regulated path to offer digital asset services in the EEA as stablecoin use expands beyond trading into payments and settlement.
$240B Volume Gives License Wider Reach
OpenPayd said it now processes more than $240 billion in annualized volume for more than 1,100 businesses. Its client base includes Kraken, eToro, OKX and B2C2.
That gives the license relevance for crypto firms already using OpenPayd’s payments infrastructure, especially those needing regulated fiat-to-stablecoin access in Europe.
July 1 Deadline Tightens EU Access
MiCA’s transition period is set to expire at the end of June. After that, firms offering crypto-asset services to EU clients without a MiCA license face tighter access rules, legal risk or client migration requirements.
The deadline has pushed exchanges, payments firms and crypto infrastructure providers to secure approvals before the EU’s harmonized crypto rulebook fully applies. For OpenPayd, the authorization means it can keep offering regulated digital asset services in the EEA as businesses seek licensed on-ramps, custody and stablecoin transfer services.
Malta Entity Handles Digital Asset Services
OpenPayd’s regulatory disclosures say digital asset services, including on-ramps, off-ramps, stablecoin services and digital asset transfers, are provided by OP Digital Services Limited. The entity is authorized and regulated by the Malta Financial Services Authority.
OpenPayd also operates other regulated entities for fiat payment services, including electronic money and financial institution permissions in the UK and Malta. The approval strengthens OpenPayd’s position as stablecoin infrastructure providers race to keep EU market access under MiCA.
