Licensing Roadmap : VASP, MiCA CASP & Payment Institution Pathway
The phased regulatory licensing strategy for fxyz Network. Details on Polish VASP registration, MiCA CASP Class 3 authorization, and the PI/EMI e-money roadmap.
The licensing posture in the public docs is phased by design.
Phased Model
Phase 1 : VASP + MiCA CASP (current)
| License | Status |
|---|---|
| VASP (spot-crypto) | Active · FXYZ Sp. z o.o., KRS 0000816477 |
| MiCA CASP Class 3 | In process · IAS Katowice · case 2401-RRDR.4225.244.2025.1 |
Core digital-asset and stablecoin routing under Polish VASP registration and pending MiCA CASP Class 3 authorization.
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.