Placing of crypto-assets
Marketing crypto-assets to purchasers on behalf of an offeror requires a crypto-asset service provider (CASP) authorisation under MiCA Article 3(1)(16)(f) and Article 3(1)(22). Authorised intermediaries can market and distribute token issuances across the EU single market via passporting, subject to white paper publication and mandatory conflict-of-interest rules regarding allocation and compensation.
Definition
Marketing crypto-assets to purchasers on behalf of or for the account of the offeror or a related party.
- MiCA, Art. 3(1)(16)(f) and 3(1)(22): official text
Which licence you need
Licence families that typically permit this activity:
- CASP · Cyprus
Notification by financial entities providing crypto-asset services under MiCAR Article 60
CySEC
- CASP · Cyprus
Crypto-Asset Service Provider (CASP) authorisation under MiCAR Article 63
CySEC
- CASP · Czech Republic
Crypto-Asset Service Provider authorisation under MiCA and Act No. 31/2025 Coll. (povolení k činnosti poskytovatele služeb souvisejících s kryptoaktivy)
CNB
- CASP · Estonia
Authorisation to operate as a crypto-asset service provider under MiCA
FI
- CASP · France
Prestataire de services sur crypto-actifs (PSCA) / Crypto-asset service provider authorization under EU MiCA Regulation
AMF
- CASP · Germany
Crypto-asset service provider licence (Zulassung als Anbieter von Kryptowerte-Dienstleistungen nach Art. 59 MiCAR / KMAG)
BaFin
- CASP · Ireland
Crypto-Asset Service Provider Authorisation
CBI
- CASP · Italy
Fornitore di servizi per le cripto-attività / Crypto-asset service provider (CASP) authorization
CONSOB
- CASP · Latvia
Crypto-asset service provider licence under MiCA
LB
- CASP · Lithuania
Crypto-asset service provider licence
LB
- CASP · Luxembourg
Crypto-asset service provider authorisation under MiCA Regulation
CSSF
- CASP · Malta
Crypto-Asset Service Provider authorisation under Regulation (EU) 2023/1114
MFSA
- CASP · Netherlands
Crypto-Asset Service Provider (CASP) authorisation under Regulation (EU) 2023/1114 (MiCA)
AFM
- CASP · Poland
Crypto-Asset Service Provider authorization under MiCA (zezwolenie na świadczenie usług w zakresie kryptoaktywów)
KNF
- CASP · Slovakia
Crypto-asset service provider licence under MiCA (povolenie na činnosť poskytovateľa služieb kryptoaktív)
NBS
- CASP · Spain
Proveedor de servicios de criptoactivos (PSC) / Crypto-asset service provider authorization
CNMV
Where it can be licensed
Frequently asked questions
How does crypto placing differ from operating an initial exchange offering?
Placing involves marketing and distributing tokens directly to buyers on behalf of an issuer without necessarily hosting secondary trading. Operating an exchange offering combines placing with immediate listing on a multilateral trading platform, which requires additional platform permissions alongside placement capabilities under MiCA.
Are token launchpads required to hold a CASP licence for placing?
Yes, launchpads that market newly issued tokens to investors on behalf of project teams perform regulated placing. If the platform facilitates token purchases, collects funds or receives commissions from the issuer, it must secure CASP authorisation under MiCA before targeting EU purchasers.
Sources
- MiCA Art. 3(1)(16)(f) and 3(1)(22) · retrieved 2026-09-24
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