Singaporean-Founded Paymonade has been granted a MiCA license by Liechtenstein’s Financial Market Authority (FMA) to provide regulated crypto-asset services across all 30 states of the European Economic Area under a single passportable license.

The firm said in a statement on Thursday that it intends to double its European headcount over the next 12 months as it onboards new institutional clients, and to increase annualized transaction volume to CHF 6 billion ($7.44 billion) per year by mid-2027.

Founded and led by a Singaporean Calvin Cheng, Paymonade is a regulated fiat-to-crypto, and crypto-to-fiat, on-ramp and off-ramp infrastructure provider serving payment providers, fintechs, and cryptocurrency exchanges.

The firm’s annualized transaction volume run-rate stood at $1.8 billion as of the first half of 2026.

“The era of lightly regulated crypto is ending. Getting this license 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.

Milos Winter Bogdanovic, Chief Executive Officer of Damoon Technology (Europe) AG, said banks, fintechs and exchanges increasingly want one regulated infrastructure partner that can operate across the whole of Europe rather than negotiating market-by-market.

“We are in active discussions with exchanges, fintechs and banks seeking compliant European fiat infrastructure,” he added.

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