Paxos, the leading regulated blockchain and tokenization infrastructure platform, today announced it has completed its acquisition of Membrane Finance (Membrane), an Electronic Money Institution (EMI) based and licensed in Finland.
The acquisition received regulatory approval, making Paxos a fully licensed EMI in Finland and the EU.
Paxos issues trusted USD-backed stablecoins. These digital assets are available to retail and institutional users in various markets around the world. This acquisition allows Paxos to expand its globally regulated platform to serve European customers in a safe and compliant way. Specifically, Paxos will make its portfolio of assets and tokenization solutions compliant with Markets in Crypto Asset (MiCA) regulations.
