MiCA as a Service
MiCA as a Service: Embedded Crypto & EUR Payment Rails
Add digital-asset wallets, crypto exchange, transfers and EUR payment functionality to your existing platform through independent European regulated service providers. ReadyCorp coordinates the introduction, initial scoping and onboarding process.
- Supported multi-network digital-asset wallets
- Crypto-to-crypto conversion
- Crypto-to-EUR buying and selling
- Crypto deposits, withdrawals and transfers
- Named EUR virtual IBAN access for eligible users
- Payment access through a separate licensed institution
- Provider-managed KYC, screening and monitoring
- Branded API or embedded user experience
Launch crypto features without building the regulated stack
Expand your platform with supported digital-asset services while keeping a familiar customer journey. The independent regulated providers retain control of the services for which they are responsible.
Faster market entry
Integrate established custody, exchange and compliance capabilities instead of building every component from the ground up.
Branded customer experience
Keep your app or platform at the centre of the journey through approved APIs or an embedded service widget.
Crypto and EUR together
Combine eligible crypto assets and transfers with EUR pay-in and pay-out access through a licensed payment partner.
Clear regulated responsibilities
The authorized providers determine customer acceptance, custody, execution, transaction monitoring and applicable reporting.
A complete crypto-to-fiat service layer
Select the modules that match your approved business model, target jurisdictions, customer types and final commercial arrangements.
Digital-asset wallets
Multi-network wallets and dedicated deposit addresses, with custody and private-key control retained by the regulated crypto provider.
Crypto exchange
Supported crypto/EUR buying and selling, plus crypto-to-crypto conversion. Applicable rates and fees are displayed before confirmation.
Named EUR vIBANs
EUR pay-in and pay-out access for eligible users through a separate licensed payment institution, subject to its approval.
Crypto transfers
Deposits, external withdrawals and network transfers with address screening and applicable Travel Rule procedures.
Selected stablecoin pathways
Eligible stablecoins and supported crypto/fiat conversions, subject to asset, network, country and customer restrictions.
Compliance operations
Provider-led KYC/KYB, customer-risk assessment, sanctions controls, monitoring, escalation and regulated reporting.
Two rails. One connected customer experience.
Connect supported crypto assets and EUR through distinct service arrangements. Conversion and withdrawals remain subject to eligibility and transaction limits.
- Named virtual IBAN access for eligible customers
- Supported EUR deposits and withdrawals
- SEPA / SEPA Instant where available
- Services supplied by a separate licensed payment partner
- BTC, ETH and other selected crypto assets
- Supported wallet networks and deposit addresses
- Eligible stablecoins where approved
- Crypto custody, exchange and transfers through the regulated provider
A simple customer journey
- 1
Pay in
EUR or a supported crypto asset enters the eligible user's account or wallet through the relevant provider.
- 2
Convert
The customer requests an approved crypto-to-crypto or crypto-to-EUR transaction, subject to quoted rates and fees.
- 3
Pay out
The customer requests an eligible EUR withdrawal or an external crypto transfer, subject to provider controls.
Built for fintechs, crypto firms and financial platforms
The model can support eligible EEA-facing products and additional crypto features for established businesses.
Non-EU crypto operators
Explore spot-crypto features for eligible EEA customers through an independent European regulated provider.
CASP applicants
Consider separately provided crypto features while your own licensing application progresses, without treating the arrangement as authorization.
EMIs, PSPs & neobanks
Add eligible crypto buying, selling and wallet functionality alongside existing payment-account services.
Fintech apps & platforms
Bring digital-asset accounts and transfers into an existing customer journey through an approved integration.
B2B payments & treasury
Assess supported crypto-to-EUR conversion and international business-settlement workflows.
Financial groups & MSBs
Explore EEA-facing crypto services without directly operating the underlying European custody and execution stack.
A clear division of roles
The product platform, regulated providers, end customer and ReadyCorp each have distinct responsibilities.
Contracts directly with end users and provides approved custody, exchange and transfer services. Controls customer acceptance, limits, monitoring and regulated reporting.
Owns the product experience and integrates the approved API or widget. Carries out only the technical and promotional activities agreed under the arrangement.
Completes the provider's onboarding, accepts the applicable customer agreement and risk disclosures, and uses services only after approval.
Coordinates initial discussions, introductions, scoping and onboarding support. ReadyCorp does not act as the regulated service operator or custodian.
Compliance built into the service model
The regulated provider determines customer eligibility and controls the regulated service decisions.
Customer verification
KYC/KYB, customer-risk reviews and beneficial-ownership checks where required.
Transaction oversight
Sanctions screening, transaction monitoring, escalation and regulatory reporting procedures.
Transfer controls
Wallet and address screening together with applicable crypto-asset Travel Rule checks.
Risk-based settings
Permitted countries, customer segments, assets and operational limits assessed during onboarding.
Choose your integration path
Two delivery approaches may be available depending on provider requirements, technical readiness and final commercial scope.
- Approved onboarding and transaction functions
- API requests, callbacks and workflow integration
- Custom front-end within your own product
- Suitable for established engineering teams
- Hosted or embedded customer interface, where available
- Potentially lighter engineering work
- Approved customer onboarding and service flows
- Clear regulated-provider identification
From first discussion to controlled launch
The presentation describes a five-stage process. Some workstreams may run in parallel.
- 1
Discovery
Confirm your use case, target markets, customer types and expected transaction volumes.
- 2
Scoping
Agree available features, commercial terms, integration route and NDA where needed.
- 3
Corporate KYB
Review ownership, relevant registrations, AML policies and the proposed contracts.
- 4
Integration
Complete sandbox tests and validate transactions, onboarding and operational workflows.
- 5
Controlled go-live
Complete user acceptance and provider approvals before a controlled production launch.
Timing depends on due diligence, provider acceptance, technical scope, resources and readiness. It is a planning target, not a guaranteed launch date.
What we'll review together
A short overview of your business and proposed product helps identify whether the service arrangement is a suitable fit.
Company & authorizations
Your website, relevant company registrations, existing licenses and principal corporate details.
Markets & users
Target countries, user types, expected volumes and proposed payment or asset flows.
Features & timing
Required service modules, API or widget preference and your intended launch window.
MiCA-as-a-Service questions
Does this give our company its own MiCA CASP licence?
No. The integration does not transfer a licence or grant your company CASP authorization. The regulated crypto provider supplies the relevant services directly to approved end users.
Who holds customer crypto assets and private keys?
Custody and private-key control remain with the regulated crypto provider under the agreed service arrangement, not with ReadyCorp or the integrating platform.
Can we provide both crypto wallets and EUR payments?
Potentially, yes. The model can combine eligible wallets, exchange and crypto transfers with EUR pay-in/pay-out access through a separate licensed payment institution, subject to approvals.
Are named EUR vIBANs bank accounts?
No. Named virtual IBANs are not individual bank accounts. The available payment functionality is supplied under a separate licensed payment-provider arrangement.
Can we integrate using our existing app?
Yes, subject to provider approval. Depending on the agreed scope, a REST API integration or hosted/embedded widget may be available.
Who performs customer KYC and transaction monitoring?
The regulated provider retains responsibility for customer acceptance, risk assessment, sanctions screening, monitoring, applicable transfer checks and regulated reporting decisions.
Which crypto assets and countries are supported?
Support is determined during scoping. Eligible assets, networks, jurisdictions, customer segments and limits depend on the selected provider and individual approval.
How long does implementation take?
The presentation provides an indicative target of approximately 16 weeks end to end, depending on due diligence, commercial scope, integration complexity and launch readiness.
What is ReadyCorp's role?
ReadyCorp coordinates introductions, initial discussions, scoping and onboarding support. ReadyCorp is not the regulated crypto service provider, payment institution or custodian.
Build the next layer of your product
Tell us about the digital-asset capabilities you want to offer, your customer base, operating markets and preferred integration approach. ReadyCorp can coordinate an introductory review with the relevant service providers.
MiCA regulation and the conversion process for VASPs to CASPs
MiCA (Markets in Crypto-Assets) regulation provides a unified licensing regime for the entire European Union. Crypto businesses, which are currently classified as VASPs (Virtual Asset Service Providers), will soon be classified as CASPs (Crypto-Asset Service Providers) under new MiCA regulations.
The opening of MiCA license application submissions is January 1st 2025. Every company holding a VASP license must re-apply for a new MiCA CASP license. VASPs will have a transition period (length depending on jurisdiction), but as the timeframes are quite narrow we recommend starting preparations now. ReadyCorp will get you started by drafting the required policy documentation and start setting up a local entity, such as a physical office and a local team of senior level AML specialists.
A CASP license is passport-able and it covers operations in any EU country (like an EMI license). The first set of regulations took effect on June 30th 2024 for stablecoin issuers and the second set takes effect on December 30th 2024 for crypto exchanges. We have strong connections with local regulators who will now be handling MiCA CASP licenses, and we are well aligned to navigate current VASPs to comply with European MiCA CASP license requirements.
To ensure a smooth transition, current VASPs should use the requirements of MiCA regulation as a blueprint to adjust towards the upcoming regulatory regime. Important changes from VASP to MiCA CASP license application:
Capital Requirements*: Heightened capital requirements (of up to €150k) are set to ensure financial service stability, to protect customer rights and to offer a threshold for entering the market. Must have at least one bank account opened at a EU based credit institution (EMI bank account does not qualify).
AML Compliance & Internal Policies: A set of internal policies required by MiCA have to be established for internal control mechanisms, risk assessment, confidentiality and safeguarding of funds.
Local Entity: A physical office where at least part of the activities are carried out; management taking place in the EU with at least one director being a resident of the EU, and senior level local AML compliance specialists (e.g. CCO, CRO and MLRO roles). The expectations of the legislator and regulator differ per jurisdiction.
*Capital Requirements
Class 1 CASP – 50.000
EUR
capital for the following crypto-asset services:
– reception and transmission of orders on behalf of third parties; and/or
– providing advice on crypto-assets; and/or
– execution of orders on behalf of third parties; and/or
– placing of crypto-assets.
Class 2 CASP – 125.000
EUR capital for the following crypto-asset services:
– reception and transmission of orders on behalf of third parties; and/or
– providing advice on crypto-assets; and/or
– execution of orders on behalf of third parties; and/or
– placing of crypto-assets.
– exchange of crypto-assets for fiat currency that is legal tender;
– exchange of crypto-assets for other crypto-assets;
– operation of a trading platform for crypto-assets.
Class 3 CASP – 150.000 EUR capital for the following crypto-asset services:
– reception and transmission of orders on behalf of third parties; and/or
– providing advice on crypto-assets; and/or
– execution of orders on behalf of third parties; and/or
– placing of crypto-assets.
– exchange of crypto-assets for fiat currency that is legal tender;
– exchange of crypto-assets for other crypto-assets;
– operation of a trading platform for crypto-assets.
– custody and administration of crypto-assets on behalf of third parties.
