Paymonade secures MiCA licence for Europe expansion

By Milan Rojan

 Paymonade has secured a Markets in Crypto-Assets (MiCA) licence, enabling the company to offer regulated crypto-asset services across 30 European Economic Area (EEA) markets under a single passportable authorisation.

Calvin Cheng, Founder and Chairman of Paymonade, said: “The era of lightly regulated crypto is ending. Getting this licence 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.”

The licence has been granted to Damoon Technology (Europe), which operates under the Paymonade brand, by the Financial Market Authority of Liechtenstein. The approval has strengthened the company’s expansion strategy by allowing it to provide regulated fiat-to-crypto and crypto-to-fiat infrastructure to cryptocurrency exchanges, FinTech firms and payment providers throughout the region.

Paymonade said the licence has positioned the company to capitalise on Europe’s evolving regulatory framework for digital assets, as the industry shifts towards greater compliance and institutional adoption. The company reported annualised transaction volumes of $1.8 billion during the first half of 2026 and plans to increase this figure to $6 billion by mid-2027.

The company has also announced plans to double its European workforce over the next 12 months as it scales operations to support growing demand for regulated digital asset infrastructure.

The MiCA framework has introduced a harmonised regulatory regime for crypto-asset service providers across the European Union, allowing licensed firms to operate across member states under a single authorisation. Industry participants view the framework as a significant step towards improving regulatory certainty, strengthening consumer protection and encouraging institutional participation in the digital assets market.

Paymonade said the licence will support its long-term growth strategy by expanding its regulated payments and crypto infrastructure services across Europe while strengthening its presence in the region’s digital asset ecosystem.