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Singapore-Founded Paymonade Gets MiCA Licence Across 30 European Markets

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Singapore-Founded Paymonade Gets MiCA Licence Across 30 European Markets

Singapore-founded Paymonade can now offer regulated crypto services across 30 European markets under a single MiCA licence.

Damoon Technology (Europe), which trades as Paymonade, received the licence from Liechtenstein’s Financial Market Authority.

The approval allows the company to provide crypto-asset services across the European Economic Area under a single passportable authorisation.

Paymonade provides fiat-to-crypto and crypto-to-fiat infrastructure for cryptocurrency exchanges, fintech companies and payment providers.

The company reported an annualised transaction volume of US$1.8 billion in the first half of 2026.

Calvin Cheng
Calvin Cheng

“The era of lightly regulated crypto is ending. Getting this licence over the finish line, at a time when the vast majority of firms in our industry have not, shows the strength of the institution we’ve built.

We expect the next generation of leaders in digital assets to be firms that pair innovation with regulatory trust, and we intend to be one of them.”

said Calvin Cheng, Founder and Chairman of Paymonade.

Paymonade plans to double its European headcount over the next 12 months and increase annualised transaction volume to CHF 6 billion by mid-2027.

 

 

Featured image: Edited by Fintech News Singapore, based on image by ilygraphic via Magnific

The post Singapore-Founded Paymonade Gets MiCA Licence Across 30 European Markets appeared first on Fintech Singapore.



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