Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
View articlesKvarn X
Kvarn X holds a MiCA license as a crypto-asset service provider authorized in Finland.
- Legal name
- Kvarn Capital Oy
- Home country
- Finland
- Regulator
- Finanssivalvonta (FIN-FSA)
- Status
- Authorized
- Authorized on
- December 2, 2025
- Other EEA countries notified
- 29
- Website
- kvarnx.com
- LEI
- 9845009F15A5B9FD7F45
- Register entry last changed
- May 28, 2026
- Checked on
Kvarn Capital Oy, which trades as Kvarn X, is listed in ESMA’s interim MiCA register as a crypto-asset service provider (CASP) authorized in Finland by Finanssivalvonta (FIN-FSA), with an authorization date of December 2, 2025. Under MiCA it may provide custody and administration of crypto-assets for clients, execution of orders for clients, reception and transmission of orders and transfer services for clients. It has notified the register that it intends to offer these services in 29 other EEA countries under the MiCA passport.
ESMA publishes the interim MiCA register weekly. This entry reflects the version updated on September 24, 2026; the firm’s own record was last changed on May 28, 2026.
- MiCA services
- Custody and administration of crypto-assets for clients
Execution of orders for clients
Reception and transmission of orders
Transfer services for clients - Custody
- Yes
- Transfer services
- Yes
- Countries notified for cross-border services
- Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
- Note in the register
- Passporting information updated
- Sources
Page URL ESMA interim MiCA register: crypto-asset service providers (CASPS.csv) https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv ESMA: Markets in Crypto-Assets Regulation (MiCA) https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica
Questions
Does Kvarn X have a MiCA license?
Yes. ESMA’s interim MiCA register lists Kvarn Capital Oy as a crypto-asset service provider authorized in Finland since December 2, 2025.
Which crypto services can Kvarn X provide under MiCA?
Its authorization covers custody and administration of crypto-assets for clients, execution of orders for clients, reception and transmission of orders and transfer services for clients.
Can Kvarn X serve clients in other EU countries?
It has notified the register that it intends to offer its services in 29 other EEA countries under the MiCA passport.
Who supervises Kvarn X under MiCA?
Finanssivalvonta (FIN-FSA), its home regulator in Finland. Its LEI is 9845009F15A5B9FD7F45.
Source: the European Securities and Markets Authority’s interim MiCA register of crypto-asset service providers (CASPS.csv), which ESMA updates weekly. Each firm’s page shows the date its entry was checked.
