Crossmint secures PSD2 and MiCA authorizations for EU

Crossmint announced on July 3, 2026 that it secured PSD2 Payment Institution authorization alongside its existing MiCA Class 2 CASP authorization issued by Spain’s CNMV. The company said the combined approvals provide regulatory coverage across all 27 EU member states.

MiCA Class 2 CASP status authorizes Crossmint to hold and safeguard crypto assets and to operate as a crypto-asset service provider with passporting rights across the EU. PSD2 Payment Institution authorization covers the execution of payment transactions under EU payments law, including transfers of stablecoins used as means of payment.

Before the PSD2 license, Crossmint relied on a separately licensed payment institution to execute stablecoin transfers for EU clients. The new authorization removes that third-party requirement for Crossmint’s payment execution services, eliminating an additional counterparty and a separate fee layer for clients.

PSD2 requires specific consumer protections and operational measures. The authorization mandates strong customer authentication for payment initiation, defined frameworks that allocate fraud liability between the payment institution and its clients, and enhanced prudential safeguards for client funds. Crossmint said those requirements are now part of its service offering rather than being provided through partners.

Miguel Zapatero, Crossmint’s general counsel, described the dual authorization as placing the firm among the first stablecoin infrastructure providers in the EU to operate under both frameworks. Rodrigo Dominguez, Crossmint’s chief executive, noted the approvals allow enterprise fintechs, neobanks, remittance providers and payroll platforms to adopt stablecoin rails for payments.

The PSD2 announcement came two days after MiCA’s July 1 hard enforcement date. Procurement cycles for regulated financial infrastructure often run three to six months from initial evaluation to production deployment. The first week after MiCA enforcement also included new stablecoin product launches such as an institutional euro stablecoin and a consumer account product.

Crossmint said the combined authorizations cover the full money-movement lifecycle for enterprise clients in the EU, including custodial wallets, on- and off-ramps, stablecoin transfers and payment execution. The company made the announcement on July 3, 2026.