Financial infrastructure provider OpenPayd has obtained authorization under the EU’s Markets in Crypto-Assets Regulation (MiCA), letting it offer crypto services across the European Economic Area through passporting.
The license allows OpenPayd to operate as a crypto asset service provider (CASP), offering fiat-to-stablecoin on-ramping and off-ramping. CEO Iana Dimitrova said stablecoins are “rapidly becoming part of mainstream financial infrastructure” and that MiCA gives businesses more confidence to use digital assets for payments and treasury operations.
The Malta Financial Services Authority issued the license. MFSA has also granted MiCA licenses to OKX and Gemini.
The approval comes just days before a July 1 MiCA transitional deadline, with crypto companies racing to secure authorization. Bitcoin Suisse secured a MiCA license in Liechtenstein on Tuesday, and Ripple announced preliminary CASP approval in Luxembourg.
OpenPayd launched its stablecoin infrastructure about a year ago, letting businesses manage fiat and digital assets through one platform. The company processes over $240 billion in annualized transaction volume for more than 1,100 businesses, including Kraken, eToro, OKX, and B2C2.
Founded in London in 2018 by Ozan Ozerk, who also founded European Merchant Bank, OpenPayd is now pursuing a US public listing. Earlier this month it announced a proposed merger with SPAC Titan Acquisition Corp that would value the company at about $1.1 billion and list it on Nasdaq under the ticker “OP.” The deal is expected to close in Q4 2026.
