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- Zerohash Europe gains MiCAR authorization from the Dutch AFM, expanding regulated operations across the EEA.
- The license allows the company to deliver B2B2C embedded crypto and stablecoin infrastructure to financial institutions.
- The approval strengthens Zerohash’s global position as a trusted digital asset infrastructure provider.
According to the press release, Zerohash Europe has obtained authorization under the EU’s Markets in Crypto-Assets Regulation (MiCAR) framework from the Dutch Authority for the Financial Markets (AFM).
This approval allows the firm to offer regulated crypto-asset and stablecoin infrastructure services across the European Economic Area (EEA). The milestone supports its plan to deliver secure and compliant embedded digital asset products to banks, fintechs, and payment providers.
Founded in 2017, Zerohash has built a strong network of institutional partners, including Interactive Brokers, Morgan Stanley, Franklin Templeton, and Stripe. With this new authorization, the company expands its ability to power digital asset integration for financial platforms across Europe.
API Model Simplifies Digital Asset Integration for Institutions
MiCAR provides a harmonized framework for regulating crypto in the EU. Zerohash Europe is among the first regulated infrastructure provider to secure such a license to facilitate compliant transactions of stablecoins and tokenized assets through their services.
Zerohash provides banks and payment services companies with solutions to support the transfer of stablecoins, crypto custody, and on-chain settlements. It achieves this through its API model, which enables the integration of digital asset services with existing systems.
This makes it less complex for companies that would like to provide crypto-related services without worrying about managing the associated compliance or blockchain.
The framework also provides a high level of protection to customers’ funds with a segregated and bankruptcy-remote custody foundation. This provides another layer of comfort to the institutions wishing to operate in the realm of digital assets under MiCAR.
European License Strengthens Zerohash’s Market Presence
The incorporation of the European license provides Zerohash with increased global reach. Zerohash is currently licensed in the United States, Bermuda, Canada, Australia, and the majority of Latin America. This wide reach is a reflection of the strategy to create infrastructure with scalability in mind.
At the beginning of the year, Zerohash conducted a Series D-2 round of funding and garnered a total amount of $104 million. This adds to the partnerships it announced with Public and Canton Network.
As MiCAR regulations have been established, Zerohash Europe can now emerge as a crucial infrastructure collaborator in the adoption of regulative digital assets. This approval indicates increasing faith in blockchain finance in the European finance market.
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