Licensing Roadmap

The licensing posture in the public docs is phased by design.

Phased Model

Phase 1

Launch-oriented authorization posture for the core digital-asset and payment-adjacent service scope.

Phase 2

Expanded payment or e-money posture once the product and regulatory path justify it.

Phase 3

Later-stage investment-services or non-EU corridor expansion posture where relevant.

Why This Framing Matters

The public docs should show that:

• not every possible license is pursued at once
• licensing scope follows service scope
• expansion is staged rather than declared all at once

Reader Rule

This page is a planning map, not a filing ledger.

Use it to understand:

• sequencing
• scope growth
• why the compliance story is staged