BVNK Secures MiCA Licence in Malta, Expanding European Stablecoin Operations

BVNK Achieves Key Regulatory Milestone in Malta

BVNK, a leading enterprise stablecoin infrastructure provider, has successfully secured a Crypto-Asset Services Provider (CASP) licence from the Malta Financial Services Authority (MFSA). This significant regulatory approval, granted in February 2026, allows the fintech company to expand its MiCA-regulated digital asset services and passport them across all member states of the European Economic Area (EEA). The licence marks a crucial step for BVNK as the European Union transitions to its harmonised regulatory framework for digital assets, known as Markets in Crypto-Assets (MiCA).

The Impact of MiCA on European Crypto Operations

The Markets in Crypto-Assets (MiCA) regulation represents a comprehensive framework designed to streamline the adoption of blockchain and distributed ledger technology (DLT) within the EU, while simultaneously protecting users and investors. MiCA was formally adopted by the EU Parliament in April 2023 and has been fully applicable since December 2024, with stablecoin-related provisions taking effect in June 2024. The CASP licence obtained by BVNK is particularly impactful due to MiCA's 'passporting' rights, which enable regulated providers to scale their services across Europe without needing separate approvals in each jurisdiction. This feature is vital for stablecoin infrastructure providers, as enterprise customers often operate across multiple EU markets.

BVNK's Enhanced European Offering

With the new CASP licence, BVNK is now positioned to offer enterprise customers three critical European financial capabilities from a single platform. These include:

• MiCA-regulated digital-asset services via the new CASP licence.
• Euro payments facilitated by the company's existing Electronic Money Institution (EMI) licence.
• Direct access to the EU's Single Euro Payments Area (SEPA) scheme, achieved through the Bank of Lithuania's CENTROlink system.

This combination is designed to provide BVNK's clients with a unique, fully regulated bridge between traditional Euro payments and stablecoin settlements, offering predictable settlement and operational simplicity. Tina Meschino, General Counsel at BVNK, commented on the milestone, stating, 'We are delighted to have obtained our CASP licence in Malta, a leading hub for digital innovation.'

Malta's Strategic Role in Digital Asset Regulation

Malta has established itself as a proactive jurisdiction in digital asset regulation, having previously introduced the Virtual Financial Assets (VFA) framework in 2018. The Malta Financial Services Authority (MFSA) has been actively preparing for MiCA's implementation, conducting extensive preparatory work and maintaining dialogue with industry participants throughout 2024. BVNK was already authorised as an e-money institution in Malta, making the CASP licence an extension of its existing regulatory footprint in the country. The MFSA's rigorous approach ensures that firms like BVNK operate to the highest standards of compliance and professionalism.

Outlook for BVNK's Growth

This regulatory approval follows a period of significant growth for BVNK, which scaled to $30 billion in annualised processing volume in the past year. The company, founded in 2021 and headquartered in London, also recently secured major global enterprise customers, including Visa, Worldpay, and dLocal. With the CASP licence now in place, BVNK aims to further strengthen its foundation for continued international growth in 2026 and beyond, reinforcing its commitment to delivering trusted stablecoin infrastructure solutions to global enterprises.