The Malta-based company says the authorisation will allow merchants, fintechs and platforms to offer regulated fiat and crypto payment services under their own brands.

Everest has obtained authorisation as a Crypto-Asset Service Provider (CASP) under the European Union's Markets in Crypto-Assets Regulation (MiCA), with the licence granted by the Malta Financial Services Authority.

The authorisation enables Everest to provide regulated crypto-asset services across the European Union and European Economic Area, forming the regulatory basis for its payment infrastructure aimed at merchants, fintechs and digital platforms.

The company said its infrastructure allows partners to hold, move and settle value in both fiat currencies and crypto-assets through regulated and custodied rails that can be integrated into their own products under a white-label model.

As part of the authorisation, Everest is also permitted to act as a placing agent for crypto-assets, supporting businesses issuing tokens by assisting with their distribution to prospective holders.

Everest's offering centres on two products: EverWallet and EverChain.

EverWallet enables users to hold balances in both fiat currencies, including euro, US dollar and pound sterling, alongside crypto-assets within a single account. Through virtual IBANs provided by authorised payment partners, customers can send and receive fiat payments while also accessing compliant crypto on- and off-ramps, custody, KYC and transfer services.

The company said partners can integrate EverWallet through APIs, embedded widgets or as a fully white-labelled wallet branded as their own.

EverChain serves as Everest's blockchain-based execution and settlement layer, supporting the execution and transmission of crypto-asset orders and transfers on behalf of partners and their customers. It also facilitates token-based payment and loyalty programmes.

Commenting on the milestone, Everest CEO Bob Reid said the MiCA authorisation gives partners access to regulated fiat and crypto payment infrastructure through a single integration.

"MiCA authorisation gives our partners something rare in this market: regulated fiat and crypto payment rails they can build on under their own brand, across all of Europe, from a single integration. That's what we've spent years building toward – and it's the foundation for everything we ship next," he said.