Singapore-Founded Paymonade Secures Crypto Asset Services License In Europe

Singapore-founded crypto payments infrastructure provider Paymonade has received a Markets in Crypto-Assets (MiCA) license from Liechtenstein’s Financial Market Authority.

The license allows it to offer regulated crypto-asset services across all 30 European Economic Area (EEA) member states under a single passportable license.

The approval comes as crypto firms race to comply with the European Union’s new MiCA framework, which establishes a harmonized regulatory regime for digital asset service providers across the bloc.

Paymonade said it plans to double its European headcount over the next 12 months as it expands its institutional client base and increase its annualized transaction volume to 6 billion Swiss francs ($7.44 billion) by mid-2027.

The company, founded by Singaporean entrepreneur Calvin Cheng, provides regulated fiat-to-crypto and crypto-to-fiat on-ramp and off-ramp infrastructure for payment providers, fintech companies, and cryptocurrency exchanges.

Its annualized transaction volume run rate stood at $1.8 billion in the first half of 2026, according to the company.

“The era of lightly regulated crypto is ending,” Cheng, the company’s founder and chairman, said in a statement. He added:

Getting this license over the finish line, at a time when the vast majority of firms in our industry have not, shows the strength of the institution we’ve built.

He said the next generation of digital asset companies would be those that combine innovation with regulatory compliance.

The MiCA license enables Paymonade to provide regulated crypto-asset services throughout the EEA without having to seek separate licenses in each jurisdiction, a framework designed to simplify cross-border operations while strengthening investor protection.

Milos Winter Bogdanovic, chief executive of Damoon Technology (Europe) AG, said financial institutions are increasingly seeking regulated infrastructure providers capable of operating across Europe under a single regulatory framework.

“Banks, fintechs and exchanges increasingly want one regulated infrastructure partner that can operate across the whole of Europe rather than negotiating market-by-market,” he said.

Bogdanovic added that the company is in active discussions with exchanges, fintechs and banks seeking compliant European fiat infrastructure.

The licensing marks a milestone for Paymonade as it seeks to expand its presence in Europe, where regulatory clarity under MiCA is expected to reshape competition among crypto service providers.