Written by Helen Partzstaff writerReviewed by Yohan Yunstaff writer
Written by Helen Partzstaff writer
Reviewed by Yohan Yunstaff writer
OpenPayd secures MiCA license as stablecoin adoption grows in Europe
Latest NewsPublishedJun 24, 2026
OpenPayd, which provides infrastructure to companies including Kraken crypto exchange, can now offer regulated crypto services across Europe under MiCA.
Financial infrastructure provider OpenPayd stated Wednesday that it has secured authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto services across the European Economic Area (EEA) via passporting.
The license lets OpenPayd operate as a crypto asset service provider (CASP) to offer services such as fiat-to-stablecoin on-ramping and off-ramping, the company stated in a statement seen by Cointelegraph.
“Stablecoins are rapidly becoming part of mainstream financial infrastructure,” OpenPayd CEO Iana Dimitrova stated, adding that MiCA gives businesses greater confidence to utilize digital asset technology for payments, treasury operations and growth.
The license was issued by the Malta Financial Services Authority (MFSA), an OpenPayd spokesperson told Cointelegraph. The regulator has also granted MiCA licenses to crypto companies, including OKX and Gemini.
The approval comes days before a July 1 MiCA transitional deadline, as crypto companies race to secure authorization under the bloc’s crypto rules. On Tuesday alone, Bitcoin Suisse secured a MiCA license in Liechtenstein and Ripple revealed preliminary CASP approval in Luxembourg.
OpenPayd counts Kraken, OKX among its clients
OpenPayd’s MiCA authorization comes about a year after the company introduced its stablecoin infrastructure, which allows businesses to manage fiat currencies and digital assets through a single platform.
The company stated it processes more than $240 billion in annualized transaction volume for over 1,100 businesses worldwide, including Kraken, eToro, OKX and B2C2.
Source: OpenPayd
OpenPayd was founded in London in 2018 by Ozan Ozerk, a fintech entrepreneur who also founded European Merchant Bank, a Lithuania-based digital bank.
Related: EU committee advances digital euro bill after key vote
OpenPayd eyes Nasdaq debut
OpenPayd’s MiCA license news comes as the company is pursuing a public listing in the US.
Earlier in June, OpenPayd revealed a proposed merger with special purpose acquisition company Titan Acquisition Corp, a deal that would see its shares trade on Nasdaq under the ticker “OP” if approved.
The transaction values OpenPayd at about $1.1 billion and is expected to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals.
Magazine: Bitcoin decouples from tech stocks, Ether eyes ‘selling wave’: Market Moves
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
- MiCA
- Europe
- Stablecoin
- Policy
- Regulation
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