OpenPayd Achieves MiCA Authorization
OpenPayd, a prominent provider of financial infrastructure, has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation (MiCA). This certification enables the firm to deliver regulated cryptocurrency services throughout the European Economic Area (EEA) using a unified license.
Regulated Cryptocurrency Services
The announcement, made on June 24, reveals that OpenPayd can now function as a crypto-asset service provider, providing an array of regulated services that include:
- Fiat-to-stablecoin conversions
- Custodial services
- Wallet solutions
- Stablecoin transfers across major blockchain platforms operating within the EEA
The company emphasizes the accessibility of these services via a single API, designed to bridge conventional banking systems with digital asset platforms. This integration permits clients to manage and transition both fiat and digital currencies seamlessly within the same framework.
CEO’s Insights on Stablecoins
OpenPayd’s CEO, Iana Dimitrova, remarked on the growing relevance of stablecoins within the broader financial landscape, stating, “Stablecoins are rapidly becoming part of mainstream financial infrastructure.”
She sees the MiCA framework as a significant advancement for Europe, as it provides businesses the confidence to adopt digital asset solutions to enhance their payment systems and treasury operations.
Transaction Volume and Client Base
In the past year, OpenPayd has been refining its stablecoin infrastructure, which has led to its involvement in various sectors such as treasury, settlement, and cross-border payments. Currently, the firm handles an astonishing annual transaction volume exceeding $240 billion, serving over 1,100 clients globally, including well-known entities like Kraken, eToro, OKX, and B2C2.
Regulatory Context and Industry Movement
Although the specific regulatory body that provided this authorization has not been named, it comes just days before the MiCA transitional period concludes on July 1, during which licensed companies can use passporting rules to extend their services across the EEA after fulfilling certain notification requirements. OpenPayd’s achievement aligns with a growing movement among firms to secure MiCA approvals ahead of the approaching deadline; for instance, Bitcoin Suisse announced its license in Liechtenstein on June 23, while Ripple gained preliminary approval in Luxembourg.
Partnerships and Future Plans
The MiCA framework has seen an uptick in authorized services, as evidenced by a report indicating that while Europe had over 3,000 virtual asset service providers by 2024, only 194 were officially authorized, including credit institutions, as of May 2026. Within the last year, OpenPayd has also struck various partnerships aimed at bolstering its stablecoin capabilities. For example, the firm partnered with Circle to provide businesses with the ability to switch between fiat currencies and Circle’s USDC stablecoin. Additionally, in December, the TON Foundation chose OpenPayd to deliver fiat infrastructure for its blockchain ecosystem, supporting treasury functions and international fiat transfers.
Public Listing Plans
In parallel with these developments, OpenPayd is working towards a public listing in the U.S. market. Earlier this month, the company entered into a merger agreement with Titan Acquisition Corp., aiming for a Nasdaq listing with an estimated valuation of $1.1 billion. Should this deal gain approval from shareholders and regulators, OpenPayd’s shares will trade under the ticker symbol “OP” upon completion, anticipated in the fourth quarter of 2026.
