OpenPayd gets MiCA approval to offer regulated crypto services across Europe

UK-based financial services infrastructure provider OpenPayd has secured authorisation under the EU’s Markets in Crypto-Assets (MiCA) framework, giving it a regulated route to offer digital asset services across Europe. For PSPs and high-risk merchants, the useful bit is simple: the company can now combine fiat rails and crypto infrastructure under one regulated setup.

1. OpenPayd says the MiCA approval lets it operate as a regulated crypto-asset service provider. The permitted scope includes fiat-to-stablecoin on- and off-ramping, custody, wallet systems, and “global stablecoin transfers across major blockchain networks”.
2. The authorisation lands just over a year after OpenPayd launched its stablecoin infrastructure. Since then, the company says adoption has expanded across treasury, settlement and cross-border payment use cases, as businesses look for regulated pathways into the digital asset economy.
3. Beyond stablecoins, OpenPayd also offers domestic and international payments, embedded accounts, foreign exchange, and open banking through a single API. The company says it processes more than $240 billion in annualised volume for over 1,100 businesses worldwide.
4. The regulatory approval follows OpenPayd’s plan to list on Nasdaq later this year under the ticker symbol “OP” through a SPAC merger with Titan Acquisition Corp. The transaction gives OpenPayd unicorn status, with a pro forma equity valuation of $1.145 billion.

For high-risk operators, the signal here is not “crypto is back” — that would be too easy. The practical point is that regulated stablecoin rails are getting packaged alongside ordinary payments, FX and embedded accounts, which is exactly the sort of plumbing merchants and PSPs tend to buy when they want fewer vendors in the stack.