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Global law firm Reed Smith has launched Aquarius, an automated MiCA compliance platform for crypto token classification, white papers and issuer documentation.
The launch follows the July 1 expiry of MiCA’s final grandfathering window, leaving firms that relied on national transition arrangements at greater enforcement risk if they have not secured authorization or ended affected services.
Aquarius Automates Token Classification and White Papers
Aquarius helps companies determine how a crypto asset should be classified under the European Union’s Markets in Crypto-Assets Regulation. Token classification shapes the disclosures, documentation and regulatory obligations attached to a token before it can be offered publicly or admitted to trading.
The platform can also generate regulatory white papers, conduct due diligence and prepare environmental disclosures. Other automated functions include creating Legal Entity Identifiers and Digital Token Identifiers, which are used to identify companies and crypto assets in regulatory records.
Users can select individual modules rather than buying the full service. Reed Smith said the platform’s regulatory logic will be updated as MiCA legislation and technical requirements change.
Reed Smith Lawyers Will Still Handle Legal Opinions
Aquarius does not replace every part of the legal review. Reed Smith lawyers will handle services including legal opinions, regulatory consulting and advice tailored to a company’s product or business structure.
The model pairs automated document production with lawyer-led work where interpretation is required. That lets issuers handle repeatable compliance tasks through the platform while keeping legal review for questions tied to token design, distribution or target market.
Fixed Pricing Targets Repeatable MiCA Tasks
Reed Smith said it is offering fixed and transparent pricing for the automated parts of the service.
The firm said the automated modules are intended to give issuers more predictable compliance costs while they prepare products for the EU market.
The platform is aimed at companies that need to produce MiCA documentation repeatedly or across several token types, while still relying on lawyers for bespoke advice.
July 1 Deadline Raises Compliance Pressure
MiCA created common rules for crypto issuers and service providers across the EU. Its requirements cover authorization, disclosures, customer protection, governance and supervision, with different obligations applying to stablecoins, other tokens and crypto service businesses.
White papers must also meet technical formatting standards, including machine-readable reporting requirements introduced in December 2025. Issuers remain responsible for the accuracy of those disclosures even when software helps produce the documents.
Reed Smith said future versions of Aquarius will cover the United Kingdom, United Arab Emirates, Hong Kong and Singapore as those jurisdictions develop their own crypto disclosure rules.
