MiCA Licensing: Complete Roadmap
Understand the EU’s MiCA framework and how to get licensed as a CASP — from service mapping and substance to prudential, policies, and passporting.
What you’ll achieve
Outcomes
- Clear CASP service map aligned with MiCA.
- Chosen Member State and substance plan (office, people, governance).
- Defined prudential setup (initial capital / own funds tier).
- Complete policy stack (AML, complaints, conflicts, ICT/ops resilience, outsourcing).
- Filed authorization dossier and passporting across the EU.
Requirements snapshot
- Entity & local presence in an EU/EEA state (registered office + mind & management).
- Fit & proper management; clear organization & reporting lines.
- Own funds tiers (indicative): lower services ≈ 50k; exchange/execution ≈ 125k; trading platform/custody ≈ 150k; plus fixed-overheads test.
- Safeguarding of client assets/funds; segregation & reconciliation.
- Adjacent rules: AML/CFT, Travel Rule, marketing standards; DORA-style ICT controls where applicable.
Indicative timeline & costs
| Phase | Indicative time | Notes |
|---|---|---|
| Service mapping & jurisdiction choice | 1–3 weeks | Workshops, early regulator checks |
| Entity & substance setup | 3–6 weeks | Company, directors, office, core hires |
| Policies & tech controls | 3–8 weeks | Policy drafting, ICT/security, providers |
| Dossier preparation & filing | 4–8 weeks | Program of operations, financials, annexes |
| NCA review & authorization | 3–6+ months | Q&A rounds; varies by Member State |
Informational only; not legal advice. Exact requirements depend on your Member State’s NCA and your service mix.
MiCA Licensing Process
Need tailored support?
We help map CASP services, build substance & policies, and prepare the NCA application pack with passporting strategy.