The Crossmint platform has obtained official authorization from Spain’s CNMV to operate as a Crypto-Asset Service Provider (CASP) under the MiCA regulation. Miguel Ángel Zapatero, the firm’s General Counsel, stated that this milestone allows the company to deploy a robust stablecoin infrastructure in the EU, adhering to the same compliance standards required of traditional financial institutions.
This authorization has a transformative impact. Specifically, it grants Crossmint the “European passport” to offer custody, exchange, and transfer services across all 27 Member States. By focusing on B2B services, the company positions itself as the ideal strategic partner for fintechs and neobanks that require a fully legal stablecoin infrastructure in the EU, effectively eliminating the regulatory uncertainty that previously deterred institutional clients.
As the MiCA transition period ends in July, the market will now be closely watching for the moment when unregulated providers may be excluded. Crossmint is prepared to absorb the demand from companies seeking to migrate to licensed partners, thereby consolidating the use of stablecoin infrastructure in the EU as a standard of reliability compared to platforms that fail to adapt to the new regulatory framework.
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