Fipto, the alternative payment rail infrastructure leveraging blockchain technology, has officially been registered as a Virtual Asset Service Provider (VASP) in Luxembourg. This significant milestone marks a major step forward in Fipto’s ambition to become the standard payment gateway powering transactions for companies with the speed of blockchain technology.
By achieving VASP registration in Luxembourg, Fipto strengthens its position as a leading Virtual Asset Service Provider. Already registered as a VASP in France since March 2023, this expansion demonstrates Fipto’s dedication to regulatory compliance across Europe in anticipation of the upcoming MiCA regulation.
Luxembourg is renowned for its robust and secure regulatory environment for virtual assets. By obtaining VASP registration there, Fipto can now offer its services to companies in Luxembourg. With only 13 companies currently holding VASP registration in Luxembourg, Fipto is proud to be part of this select group.
"This achievement demonstrates our steadfast commitment to compliance, security, and providing the best possible experience for our clients. We are excited about the opportunities this expansion unlocks and look forward to serving the Luxembourg market," said Patrick Mollard, Co-founder & CEO of Fipto.
"As we prepare Fipto's framework for MiCA regulation, Luxembourg's VASP registration process underscores our dedication to exceeding regulatory standards. This achievement allows us to offer our services with the added confidence of a strong legal framework, ultimately benefiting our clients," added Kevin Regis, Chief Compliance Officer at Fipto.
To align with its international ambition of leadership in the VASP and payment sectors, Fipto is actively pursuing additional registrations and licenses, reinforcing its commitment to becoming a trusted global player in these fields.
To ensure a smooth registration process, Fipto partnered with the esteemed law firm Homsy Legal, whose legal expertise provided valuable guidance throughout the application process.
About Fipto
Fipto is a leading payment infrastructure provider leveraging blockchain technology to provide fast, secure, and compliant payment solutions. With a commitment to innovation and regulatory adherence, Fipto aims to transform the way companies handle transactions, ensuring efficiency and reliability in the digital age. Fipto is a solution offered by Fipto France, a registered Digital Asset Service Provider (DASP) by the French Financial Markets Authority (AMF) and by Luxembourg financial regulator CSSF. Learn more about Fipto's comprehensive range of solutions at www.fipto.com
