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BVNK said it has secured a Crypto-Asset Service Provider (CASP) licence from the Malta Financial Services Authority (MFSA), allowing it to offer MiCA-regulated crypto-asset services from Malta and passport those services across the European Economic Area. The licensing update was reported on 16 February 2026 and described as part of BVNK’s European regulatory setup.
The licensed entity is System Pay Services (Malta) Limited, which discloses that it is authorised by the MFSA as a CASP under Malta’s Markets in Crypto-Assets Act and MiCA, and lists services including exchange of crypto-assets for funds or other crypto-assets, custody and administration on behalf of clients, and transfer services for crypto-assets.
BVNK also framed the development as bringing together MiCA-regulated crypto-asset services, euro payment capabilities under its electronic money permissions, and direct access to SEPA via the Bank of Lithuania’s CENTROlink arrangement. CENTROlink is described by the Bank of Lithuania as a payment system that provides access to SEPA for payment service providers.
MiCA (Regulation (EU) 2023/1114) establishes an EU-wide regime for crypto-asset markets and service providers, with national competent authorities responsible for authorisation and supervision; the MFSA’s MiCA rulebook sets out how the framework is applied in Malta. Malta’s domestic Markets in Crypto-Assets Act (Cap. 647) is the national legal basis referenced for MFSA powers and implementation. The MFSA describes its role in licensing and supervising MiCA in-scope entities, including CASPs.
For institutional and commercial counterparties, the immediate impact is that BVNK states it can provide the specified crypto-asset services under an MFSA CASP authorisation and use MiCA passporting across the EEA, alongside euro payment and SEPA connectivity it references as part of its operating model. This affects platforms and issuers that rely on regulated custody, exchange, transfer, and fiat settlement rails for tokenized-asset operations, though the materials cited do not describe any real-estate-specific tokenization program linked to this licence.
