Summary
Crossmint has secured PSD2 Payment Institution authorization alongside its existing MiCA Class 2 CASP authorization from Spain's CNMV, becoming the first stablecoin infrastructure provider in the EU operating under both frameworks simultaneously. The dual authorization eliminates the need for enterprise fintechs to assemble separately licensed vendors for different parts of the stablecoin money movement lifecycle — providing a single regulated provider for custodial wallets, stablecoin transfers, and payment execution across all 27 EU member states.
Key Facts
- PSD2 PI authorization + MiCA Class 2 CASP (CNMV Spain) — first stablecoin infra with both
- MiCA covers custody, transfer, exchange of crypto-assets with passporting across 27 EU states
- PSD2 covers execution of payment transactions including stablecoin transfers as means of payment
- Eliminates third-party payment processor dependency for EU stablecoin operations
- PSD2 mandates: strong customer authentication, defined fraud liability, enhanced prudential safeguards
- Announced July 3, 2026 — two days after MiCA's July 1 hard enforcement deadline
- Crossmint serves 160+ countries; enterprise fintechs, neobanks, remittance providers
- Competes with Bridge (Stripe) for EU stablecoin infrastructure market share
Why It Matters
Crossmint's dual authorization is the most comprehensive regulatory credential available to any stablecoin infrastructure provider in the EU. As MiCA's hard enforcement deadline reshapes the European stablecoin market, enterprise fintechs making procurement decisions now have a single-vendor option that covers the full money movement lifecycle. This positions Crossmint as a direct competitor to Bridge (Stripe) for EU enterprise stablecoin infrastructure, with the added advantage of PSD2 coverage for payment execution.