OpenPayd has secured a major MiCA license from Malta’s financial regulator, allowing the company to expand regulated crypto asset services across Europe just days before a key EU compliance deadline.
Key Takeaways
- OpenPayd received MiCA authorization from the Malta Financial Services Authority, enabling it to operate across the European Economic Area through passporting.
- The company can now offer regulated services including fiat to stablecoin on and off ramps, custody, wallet infrastructure, and stablecoin transfers.
- The approval arrives ahead of the July 1 MiCA transitional deadline, as crypto firms race to secure regulatory clearance.
- OpenPayd processes more than $240 billion in annualized transaction volume for over 1,100 businesses worldwide.
What Happened?
Financial infrastructure provider OpenPayd has secured authorization under the European Union’s Markets in Crypto Assets Regulation (MiCA), marking a significant milestone in its push to provide regulated digital asset services across Europe.
The authorization was granted by the Malta Financial Services Authority (MFSA) and allows OpenPayd to operate as a Crypto Asset Service Provider (CASP) throughout the European Economic Area under a single regulatory framework.
REGULATION 🇪🇺 | Stablecoin Infrastructure Provider, OpenPayd, Secures a European Union MiCA License @OpenPayd said the regulatory clarity provided by #MiCA is accelerating interest from banks, fintech firms, and digital asset companies seeking #compliant infrastructure to… pic.twitter.com/PCuZkdg7sB
— BitKE (@BitcoinKE) June 24, 2026
OpenPayd Expands Regulated Stablecoin Services Across Europe
With the new authorization, OpenPayd can offer a range of regulated crypto asset services across the EEA. These services include fiat to stablecoin on and off ramping, custody solutions, wallet infrastructure, and global stablecoin transfers across major blockchain networks.
The company said businesses can access both traditional financial services and digital asset capabilities through a single API, making it easier to move and manage money across multiple payment rails.
The approval comes roughly one year after OpenPayd launched its stablecoin infrastructure platform. Since then, adoption has expanded across treasury management, settlement operations, and cross border payment use cases as more companies seek compliant ways to integrate digital assets into their operations.
MiCA Deadline Sparks Licensing Race Across Europe
OpenPayd’s authorization arrives just ahead of the European Union’s July 1 MiCA transitional deadline, a key regulatory milestone that has triggered a rush among crypto firms seeking approval.
Companies that secure authorization before the deadline can use passporting rights to provide services across the EEA under a single license. This creates a significant advantage for regulated firms while raising compliance requirements for companies that have yet to obtain approval.
Several major crypto companies have recently announced MiCA related approvals. The MFSA has also granted licenses to firms including OKX and Gemini. Meanwhile, WhiteBIT received authorization from Austria’s Financial Market Authority, while Paybis secured both MiCA and PSD2 licenses through Latvia’s central bank. Recent approvals for Bitcoin Suisse and preliminary authorization for Ripple further highlight the industry’s push to meet the regulatory deadline.
Stablecoins Move Closer to Mainstream Finance
Commenting on the approval, OpenPayd CEO Iana Dimitrova said:
The company believes the authorization strengthens its position as a provider of regulated infrastructure connecting traditional finance with blockchain based payment systems.
OpenPayd Eyes Nasdaq Listing
Beyond its European expansion, OpenPayd is also preparing for a public market debut in the United States.
The company recently announced a proposed merger with special purpose acquisition company Titan Acquisition Corp. Following completion of the transaction, OpenPayd’s shares are expected to trade on Nasdaq under the ticker OP.
The deal values the company at approximately $1.1 billion and is expected to close during the fourth quarter of 2026, subject to shareholder and regulatory approvals.
Founded in London in 2018 by fintech entrepreneur Dr. Ozan Ozerk, who also founded European Merchant Bank, OpenPayd has grown into a major financial infrastructure provider. Today, the company processes more than $240 billion in annualized volume for over 1,100 businesses, including Kraken, eToro, OKX, and B2C2.
CoinLaw’s Takeaway
In my experience, the biggest winners from Europe’s crypto regulation push may not be the exchanges themselves but the infrastructure providers operating behind the scenes. I found OpenPayd’s MiCA approval particularly important because it gives the company a regulatory foundation just as stablecoins are gaining broader acceptance in payments and treasury operations. With the July 1 deadline approaching, firms that have secured authorization are likely to enjoy a meaningful advantage as businesses increasingly prioritize compliance and regulated access to digital asset services.
