Plasma Strengthens Its Position in Europe with a VASP License and an Amsterdam Office
Date: 2025-10-24 Author: Henry Casey Categories: BUSINESS
Layer-one blockchain company Plasma has announced a new stage of development in the European market. The company has officially received a Virtual Asset Service Provider (VASP) license in Italy and opened a representative office in Amsterdam. These steps will lay the foundation for further MiCA approvals and an Electronic Money Institution (EMI) license, enabling Plasma to build a fully regulated stablecoin payment ecosystem.
Plasma's primary goal is to create an infrastructure capable of integrating crypto assets with the traditional European financial system. As Adam Jacobs, the company's head of global payments, noted, the choice of the Netherlands was strategic: "The country is one of Europe's key financial centers, and expanding our presence here paves the way for the creation of a large-scale infrastructure for processing stablecoin payments and licensed financial services."
Obtaining an Italian license was made possible by acquiring a company already holding VASP status. This granted Plasma the right to store users' crypto assets and process crypto transactions within the European Union. Plasma is not yet disclosing the name of the acquired company.
The next step will be obtaining CASP status under the MiCA regulation, as well as an EMI license. These documents will allow Plasma to issue bank cards, provide custody for client funds, and offer new products under the supervision of European regulators. "A fully licensed solution stack will ensure security, transparency, and convenience for our partners and users," Jacobs emphasized.
Plasma positions itself as a stablecoin-focused blockchain. According to DefiLlama, the project has already attracted approximately $4 billion in deposits since its public launch. Plasma is also working on the creation of a stablecoin neobank, Plasma One, which will offer faster transfers, minimal fees, and a transparent asset custody system in compliance with EU regulations.
Plasma's General Counsel, Jacob Wittmann, stated that Plasma aims to set a new standard for the industry by combining technological innovation with regulatory compliance.
According to Standard Chartered research, the stablecoin market, currently valued at $230 billion, could grow to $2 trillion by 2028. Plasma intends to take a key position in this segment by creating a reliable and regulated infrastructure for companies, banks, and users who use digital currencies for international transactions.
