Licensing Roadmap
How the ƒxyz Network stages its licensing strategy, from crypto-asset services through payment-institution and investment-firm scope.
The licensing posture in the public docs is phased by design.
Phased Model
Phase 1 : Crypto-asset services (current)
Core digital-asset and stablecoin routing under the EU crypto-asset services framework. Regulatory and compliance readiness remains an active workstream.
Phase 2 : Payment Institution / EMI
Expanded payment or e-money posture once product and regulatory path justify it. Covers PI/EMI scope for broader fiat rails.
Phase 3 : MiFID II Investment Firm (2027–2028)
Later-stage investment-services authorization (options, forwards). Different regulator from MiCA. Not in flight : separate application required.
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
Licensing phases, dates, and capital assumptions are planning-oriented and subject to legal, regulatory, and commercial change.
MiCA Regulatory Framework : Digital Asset Compliance in the EU
Comprehensive analysis of the Markets in Crypto-Assets (MiCA) Regulation (EU) 2023/1114. How MiCA applies to the fxyz Network's stablecoin routing and CASP services.
Entity Structure
Current and planned entity-structure framing for the ƒxyz Network.