Amsterdam, October 22, 2025 — Plasma, a layer-1 blockchain focused on building stablecoin infrastructure for global financial systems, has announced several strategic steps to advance its licensing and operational capabilities for international money movement. The company has acquired a Virtual Asset Service Provider (VASP)-licensed entity in Italy, opened an office in Amsterdam, and appointed a Chief Compliance Officer and Money Laundering Reporting Officer for the region. Plasma also plans to apply for Crypto Asset Service Provider (CASP) authorisation under the EU’s Markets in Crypto-Assets (MiCA) regulation and prepare for an Electronic Money Institution (EMI) license to support its cross-border payment operations.
These initiatives are central to Plasma’s efforts to develop a compliant, end-to-end financial infrastructure. The licenses will allow Plasma One — the company’s stablecoin-native neobank — and its associated payment card to onboard and serve users globally. With a fully licensed payments stack operating under MiCA and EMI frameworks, Plasma will be able to safeguard client assets, enable compliant asset exchange, issue cards, and integrate directly with local financial systems. The company says this framework will simplify onboarding, reduce intermediaries, accelerate settlements, lower transaction costs, and enhance consumer protection.
Plasma’s strategy focuses on building and owning a regulated financial network that supports global money movement without relying on third-party intermediaries. Establishing a compliance team in the Netherlands and expanding regulatory operations across Europe through CASP authorisation and EMI preparation reflect this approach. The goal is to provide Plasma One with fully licensed infrastructure that supports stablecoin adoption at scale.
“By assembling the regulated capabilities that matter and connecting them to where value actually moves, Plasma aims to create products trusted by both individuals and institutions,” said Jacob Wittman, General Counsel at Plasma. “Our investment in licensing and compliance enables partners to operate under a single, reliable standard for custody, exchange, settlement, and payments.”
Adam Jacobs, Head of Global Payments, added, “The Netherlands is one of Europe’s leading payment hubs. Strengthening our presence here allows us to control more of the payments stack — from stablecoin settlement to regulated financial infrastructure — and provide greater reliability and access for merchants, individuals, and enterprises.”
The announcement follows Plasma’s mainnet launch and the unveiling of Plasma One, its stablecoin-focused neobank. Since launch, Plasma has become the fifth-largest stablecoin platform by supply and total value locked (TVL) in DeFi, and the fourth-largest for USD₮. With nearly 100,000 users already on Plasma One’s waitlist, the company’s latest moves underscore its ambition to deliver both the product and the regulatory foundation required to scale a global stablecoin network.
