Crossmint Secures Payment Institution and MiCA Authorisation, Completing a Full-Stack EU Regulatory Foundation for Stablecoin Payments

With authorisation as a Crypto-Asset Service Provider under MiCA and a Payment Institution under PSD2, Crossmint now operates under both of the EU's core frameworks for stablecoin infrastructure, giving enterprise fintechs one regulated provider to hold stablecoins and move them as payments.

Crossmint's mission is to build practical infrastructure that allows enterprise fintechs, neobanks, remittance providers, and payroll platforms to quickly adopt stablecoin rails and transform how money moves globally. Doing that well in the EEA means operating under the full regulatory stack. These authorizations complete a foundational part of it.

A Full-Stack Regulatory Foundation for Stablecoin Payments in Europe

Crossmint received MiCA class 2 authorization from Spain's CNMV earlier this year, establishing our authorization to operate as a crypto-asset service provider across the EU. After completing the required conditions, we have now successfully been fully registered as a CASP with CNMV. PSD2 authorization is the natural expansion of that compliance footprint, enabling stablecoins to be used as a means of payment under EU payments law. For reference, a CASP authorization allows passporting across all 27 EU member states.

With both authorizations in place, fintechs building on Crossmint get one regulated provider for the full flow: holding stablecoins and moving them as payments. That removes the need to assemble a patchwork of separately licensed vendors to cover different parts of the money movement lifecycle.

"As stablecoins become core payment infrastructure in Europe, companies need a partner with the complete regulatory stack," says Miguel Zapatero, Crossmint's General Counsel. "With both MiCA and PSD2 authorization, Crossmint is among the first stablecoin infrastructure providers in the EU operating under both frameworks."

What the Combined Authorization Unlocks

The combined MiCA and PSD2 authorization gives Crossmint and the fintechs building on our infrastructure several things that matter:

● Full-stack regulatory coverage: Our stablecoin custodial wallets and transfer infrastructure are governed by the requirements of both MiCA and PSD2.

● Client-grade protections as a product feature: PSD2 mandates strong customer authentication, defined fraud liability frameworks, and enhanced prudential safeguards. These protections are not limited to compliance requirements; they are incorporated into the core service offering.

● Independence from third-party payment processors: Without a PI license, e-money token (stablecoin) transfer services require partnering with a licensed payment provider to execute those transactions on behalf of clients. This authorization removes that dependency.

Why This Matters

Regulatory clarity around stablecoins in the EU is increasing. MiCA has established the framework for crypto-assets, and through guidelines and communications, European authorities have progressively clarified various aspects of its interpretation. In this context, the objective of ensuring that stablecoin infrastructure meets standards comparable to traditional payment systems has become clear, and Crossmint is committed to delivering on it.

"Crossmint exists to make stablecoins practical infrastructure for global money movement, powering financial products in markets that need them and building a financial system that works for everyone. Doing that well means meeting the regulatory requirements head-on.

Operating under both MiCA and PSD2 is how we deliver that to the fintechs, neobanks, and remittance and payroll platforms building on us: wallets, on/offramps, and money movement on one all-in-one platform, under a complete EU regulatory stack." - Rodri quote

With PSD2 authorization now in place alongside MiCA, Crossmint operates under the full EU regulatory foundation for stablecoin payments.