Overview
- OpenPayd announced it has secured authorization under the EU’s Markets in Crypto-Assets Regulation that it says grants crypto-asset service provider status and EEA-wide rights to operate.
- The company says the approval covers regulated fiat-to-stablecoin conversions, custody, wallet infrastructure and stablecoin transfers accessible through a single API that links bank rails with digital-asset rails.
- OpenPayd reports processing more than $240 billion in annualized transaction volume for over 1,100 businesses and names clients such as Kraken, eToro, OKX and B2C2 as part of its commercial scale.
- The firm did not disclose which national regulator issued the authorization, leaving the jurisdiction and some regulatory details unverified in public reporting.
- The announcement comes in the final days before MiCA’s transitional deadline and follows other firms’ recent disclosures of MiCA-related approvals, underscoring a wider industry rush to secure EU passporting rights as OpenPayd pursues a planned Nasdaq listing via a SPAC expected to close in 2026.