<div id="readability-page-1"><div>Crypto infrastructure provider Zerohash Europe has secured an Electronic Money Institution (EMI) license from De Nederlandsche Bank (DNB), the Dutch central bank. This makes it the first firm licensed under Europe’s flagship crypto regulation, MiCAR, to also hold full EMI status, according to an announcement on Monday.Zerohash obtained its MiCAR license in October 2025 from the Dutch Authority for the Financial Markets (AFM). The Markets in Crypto-Assets Regulation, which will go into full effect in July, is a series of EU-wide guidelines covering most crypto activities, like token custody, issuance and trading.Although MiCAR registration acts like a sort of passport for crypto-asset service providers (CASPs) to operate across the trading block, the European Banking Authority has argued that &#34;certain E-Money Token flows,&#34; namely stablecoins, are effectively &#34;e-money&#34; under an existing directive and require additional oversight.The bank published a No Action Letter in June 2025 and made further clarifications in February requiring firms looking to support &#34;stablecoin-powered financial flows&#34; to get licensed under EMI, in an attempt to better integrate stablecoins into the traditional financial system.With the dual MiCAR and EMI licenses, zerohash can now legally handle both crypto-asset services and traditional electronic money flows across the European Economic Area. The firm noted in particular that it could work directly with &#34;banks, brokerages, fintechs, payment providers, and enterprise platforms operating across the European market.&#34;&#34;Europe has a massive market for stablecoin applications,&#34; Zerohash Europe Managing Director Roeland Goldberg said. &#34;The announcement comes on the heels of accelerating momentum for zerohash across Europe. In recent months, the company has expanded its EU presence in Amsterdam and is now powering partners including Interactive Brokers Europe in the region.&#34;Zerohash has also applied to the U.S. Office of the Comptroller of the Currency for a national trust bank charter.Founded in 2017, zerohash employs about 200 people globally, with offices in New York, Chicago, North Carolina, and Amsterdam. Last September, the company raised a $104 million Series D-2 round led by Interactive Brokers at a $1 billion valuation.The firm, which was a Mastercard acquisition target, is reportedly in talks to raise another $250 million at a $1.5 billion valuation now that those acquisition talks fell through.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</div></div>

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Zerohash Europe has obtained the first Electronic Money Institution (EMI) license under the EU's MiCAR regulation, allowing it to provide stablecoin and brokerage services. This dual licensing enables Zerohash to operate both crypto-asset services and traditional electronic money flows across the European Economic Area. The firm aims to leverage the growing stablecoin market in Europe and has expanded its presence in Amsterdam, partnering with firms like Interactive Brokers Europe.

- Zerohash Europe has obtained an Electronic Money Institution (EMI) license from De Nederlandsche Bank, making it the first firm licensed under the EU’s MiCAR regulation to hold full EMI status.  
- This dual licensing enables Zerohash to manage both crypto-asset services and traditional electronic money in the European Economic Area, facilitating partnerships with banks and fintech companies.  
- The firm, which has expanded its presence in Europe and raised significant investment, is also pursuing a national trust bank charter in the U.S.

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Zerohash secures first EMI license under MiCA for stablecoin and brokerage services in Europe