Stablecoin infrastructure firm BVNK has secured a Crypto-Asset Services Provider (CASP) licence from the Malta Financial Services Authority (MFSA).

The approval allows the company to provide Markets in Crypto-Assets regulation (MiCA) regulated digital-asset services across EEA member states.

MiCA is the new harmonised EU market rules for cryptocurrency, covering crypto-assets that are not currently regulated by existing financial services legislations.

BVNK said that securing the licence marks a "major milestone" in the company's mission to deliver its stablecoin infrastructure to global enterprises across Europe.

It is now offering MiCA-regulated digital-asset services via the CASP Licence, as well as Euro payments via its existing EMI Licence and direct access to the EU’s Single Euro Payments Area (SEPA) scheme through the Bank of Lithuania’s CENTROlink system.

“We are delighted to have obtained our CASP licence in Malta, a leading hub for digital innovation," said Tina Meschino, general counsel at BVNK. "We’ve always had a positive relationship with the MFSA and we’re excited to continue working with them, and to passport our digital-asset services to EEA members."

She continued: “This news significantly strengthens BVNK’s offering in Europe. With our MiCA and EMI licences in place in Malta, plus our direct access to SEPA, we can provide customers with a unique, fully regulated bridge between EUR payments and stablecoin settlement. It’s a reflection of the strength of BVNK’s compliance, governance, and partnerships across Europe’s financial system.”

The announcement follows a year in which BVNK scaled to $30 billion in annualised processing volume and signed up new customers across the globe including Visa, Worldpay and dLocal.

Visa teamed up with BVNK last month to build the stablecoin infrastructure for Visa Direct, the company's £1.7 trillion money transfer network.

The collaboration will enable Visa Direct customers to unlock more choices for global payments using stablecoins.

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