Singapore-based crypto payment infrastructure provider Paymonade took one Crypto Asset Markets (Mica) License from the Liechtenstein Financial Market Authority.
License allows it to offer regulated crypto asset services in all 30 countries European Economic Area (EEA) member states under a single passport licence.
The approval comes as crypto firms race to comply with the European Union’s new MiCA framework, which creates a harmonized regulatory regime for digital asset service providers across the bloc.
Paymonade said it plans to double its headcount in Europe over the next 12 months by expanding its corporate customer base and increasing annual transaction volume to 6 billion Swiss francs ($7.44 billion) by mid-2027.
Company founded by Singaporean entrepreneur Calvin ChengIt provides regulated fiat-to-crypto and crypto-to-fiat on-ramp and off-ramp infrastructure for payment providers, fintech companies and cryptocurrency exchanges.
According to the company, its annual transaction volume run rate stood at $1.8 billion in the first half of 2026.
“The era of lightly regulated crypto is coming to an end,” Cheng, the company’s founder and chairman, said in a statement. He added:
Getting this license to the finish line at a time when the vast majority of companies in our industry cannot do so demonstrates the strength of the institution we have built.
He said that the next generation of digital asset companies will be companies that combine innovation with regulatory compliance.
The MiCA license allows Paymonade to offer regulated crypto asset services across the EEA without the need to seek separate licenses in each jurisdiction; This is a framework designed to strengthen investor protection while simplifying cross-border operations.
Milos Winter BogdanovicFinancial institutions are increasingly looking for regulated infrastructure providers that can operate under a single regulatory framework across Europe, the CEO of Damoon Technology (Europe) AG said.
“Banks, fintechs and exchanges increasingly need a regulated infrastructure partner that can operate across Europe rather than negotiating on a market-by-market basis,” he said.
Bogdanovic added that the company is in active talks with exchanges, fintechs and banks seeking compatible European fiat infrastructure.
The licensing is a milestone for Paymonade, which aims to expand its presence in Europe, where regulatory clarity under MiCA is expected to reshape competition among crypto service providers.
