Plasma, a leading Layer-1 blockchain focused on stablecoin payment infrastructure, has announced a major expansion into Europe. The company has obtained a Virtual Asset Service Provider (VASP) license in Italy and opened a new office in Amsterdam, aiming to accelerate stablecoin adoption across the EU.
As part of its European strategy, Plasma is preparing applications for MiCA (Markets in Crypto-Assets) and Electronic Money Institution (EMI) licenses, which will allow the platform to legally handle crypto transactions and safeguard client assets under EU regulations.
Adam Jacobs, Head of Global Payments at Plasma, stated:
“The Netherlands is one of Europe’s most advanced payment hubs. Expanding our team and regulatory footprint here enables us to own more of the payment infrastructure — from stablecoin settlements to licensed financial services.”
The Italian VASP acquisition permits Plasma to operate compliant crypto payment services, paving the way for the launch of Plasma One, a stablecoin-based neobank. The new platform aims to deliver low-fee, fast, and regulated payment solutions while keeping user funds segregated and protected under EU law.
Plasma has already attracted nearly $4 billion in stablecoin deposits since its public launch, according to DefiLlama, positioning itself as a leading regulated infrastructure provider in the European stablecoin ecosystem.
Jacob Wittman, Plasma’s General Counsel, emphasized:
“Our goal is to set a high standard for stablecoin blockchain infrastructure, securing all necessary licenses and managing a fully regulated stack from start to finish.”
Industry analysts note that the global stablecoin market, currently valued at $230 billion, could grow to $2 trillion by 2028, driven by increasing integration of digital currencies into the traditional financial system. Plasma aims to capture a leading position by creating a compliant and scalable payment ecosystem for businesses, banks, and users conducting cross-border stablecoin transactions.
