- Blockrise gains MiCA license to offer regulated Bitcoin services across Europe.
- The firm launches Bitcoin-backed business loans starting from €20,000 at 8% interest.
- MiCA approval enables EU-wide passporting for custody, trading, and asset management.
Blockrise has secured a MiCA license in the Netherlands, giving the Bitcoin-only company approval to operate regulated Bitcoin services across Europe. The Dutch Authority for the Financial Markets issued the license on Tuesday, and the company announced the development a day later.
With this authorization Blockrise will now be able to provide custody, trading, and asset management services under a shared EU rulebook. The approval makes the firm one of the first Bitcoin-focused companies to fully operate under MiCA.
The license enables Blockrise to “passport” its services to all EU member states. This eliminates the requirement of separate approvals in different countries and eases the cross-border operations. It also solidifies the company’s stance as Europe seeks more stringent oversight of the digital-asset activity.
Bitcoin-Backed Business Loans Rolled Out for EU Corporates
Blockrise is launching another service with the Announcement of the License. The company will now offer Bitcoin-backed business loans to corporate clients. These loans have a minimum of €20,000 and provide companies a means to obtain liquidity without having to sell their Bitcoin. The current interest rate is set at 8%, and Blockrise will adjust it every month based on market conditions.
The lending product is out of scope of MiCA, as the regulatory framework does not yet regulate crypto lending. Still, Blockrise says that the structure remains compliant because the service is restricted for business customers only.
CEO Jos Lazet said MiCA will provide a regulatory basis for the provision of Bitcoin-collateralized loans, even if the framework hasn’t extended to the scope of lending yet. He expects future updates to include lending, mining, payments, and other activities.
Also Read: Texas Purchases $5M in Bitcoin ETF, Eyes Another $5M in Self-Custody BTC
MiCA became fully effective in late 2024. It sets rules for crypto issuance, trading, and core service providers. However, there are still several areas that remain unregulated. These include decentralized finance, lending services, and mining. EU officials have shown it will broaden the coverage of MiCA in additional phases.
Source: Blockrise
Blockrise’s Vault-Based Wallet System Enhances User and Platform Safety
Blockrise was founded in the year 2017, and it utilizes the semi-custodial wallet system. The model combines user involvement and tight security controls. Clients use a digital Blockrise key that gives access to their Bitcoin on the platform. The key itself has no asset value, reducing the risks associated with private keys’ loss.
Bitcoin wallets are set up within hardware security modules, which Blockrise explains are secure vaults. With these vaults, private key extraction is prevented and a second layer of security is added. To transfer money, both the user’s Blockrise key and Blockrise’s own signature are required. This shared-control design reduces single points of failure and unauthorized transactions.
Blockrise currently manages around 100 million euros in client BTC assets. With the new MiCA license and the launch of Bitcoin-backed loans, the company looks forward to expanding its regulated footprint across the European market.
Also Read: VeChain–Rekord Partnership Unleashes Advanced RWA Infrastructure for the EU Market
