Plasma, a blockchain firm focused on stablecoin networks, has announced its expansion into Europe by acquiring an Italian entity with a Virtual Asset Service Provider (VASP) license. This acquisition allows Plasma to legally process cryptocurrency transactions and custody assets within the region. As part of its growth strategy, the company is opening a new office in Amsterdam and has appointed key compliance officers. Plasma aims to further solidify its presence in the European market by applying for Crypto Asset Service Provider (CASP) status under the EU's Markets in Crypto-Assets (MiCA) regulation and an Electronic Money Institution (EMI) license. These steps will enable Plasma to operate an asset exchange, issue cards, and manage customer funds with regulatory oversight. The company plans to leverage these licenses to support its new stablecoin-based bank, Plasma One.
Plasma Expands in Europe with VASP License Acquisition and New Office
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