Noah says it won EU crypto and payment licences in one and two months
Noah says it won a MiCA crypto-asset licence in about two months and a PSD2 payment licence in about one, covering all 27 EU states. The timings are the company's own and come from one licensee, so they describe Noah's experience and leave the sector's pace untested.
The Investor · Invest desk

Key figures: Noah's EU licences cover 27 EU member states; Noah holds more than 40 licences, registrations and approvals across the US, Canada and the EU; it has added more than 150 customers in 2026.
| Figure | Value | Note | Claim |
|---|---|---|---|
| EU member states covered by Noah's licences | 27 states | 2 | |
| Licences, registrations and approvals, over | 40 approvals | across the US, Canada and the EU | 4 |
| Customers added in 2026, over | 150 customers | remittances, fintech, marketplaces, payroll | 12 |
What happened
- The two licences let Noah custody, exchange and transfer stablecoins for clients and process fiat payments by credit transfer under one regulatory framework.
- Noah says it is positioned to pursue direct access to the SEPA network, which both reports describe as a prospect and not a grant.
- The EU approvals take Noah to more than 40 licences, registrations and approvals across the US, Canada and the EU.
Why it matters
- decision A remittance, payroll or marketplace business can now price a vendor's licences against the cost of applying for, funding and maintaining its own, on the vendor's account of the timing.
- constraint Direct SEPA access is a prospect in both reports, so a customer planning an EU launch cannot yet count on it.
- exposure Customers that rely on Noah's licences work inside its permissions, so what Noah may custody, exchange and transfer sets what they can offer, and their EU regulatory dependence sits with one counterparty.
The timeline is Noah's own. The company reported that the payment institution licence took around one month and the CASP licence around two [10], and neither write-up says which national authority granted them or when Noah filed. A clock that starts at filing and one that starts at the first meeting with a regulator give different answers, and a long pre-filing phase would make "two months" a much shorter number than the effort behind it. From a single licensee that is one data point, and we would not stretch it to a sector pace.
The customer-side claim is Noah's too. According to the company, as The Paypers reported it, customers can use a single regulated counterparty instead of assembling local banking arrangements or holding authorisations of their own [11]. The compliance work moves to Noah, which handles regulatory requirements for clients while they submit KYC and KYB information once [13]. A customer that launches in weeks [14] is launching on licences Noah needed roughly one and two months to win [10], on top of a US and Canadian base [3] and more than 40 approvals in all [4].
Further licensing is funded, or rather partly funded, from seed money. The $16 million extension announced on 7 October brought total seed funding to $38 million [5], so seed funding before it was $22 million [8] and the extension is about 42% of the total [9]. Noah said part of the capital would support regulatory expansion [5]; the company did not say how much. Revenue is up 538% year to date against the same period of 2025 [12], or 6.38 times the earlier figure [15], and with no base disclosed that multiple could describe a small number growing fast.
Noah's chief executive Shah Ramezani said, "We made a bold call early: get licensed in the toughest, largest markets first." [7] Whether the call pays depends on customers, and the evidence so far is a count of more than 150 new customers in 2026 [12] and a multiple without a base. The reading that stablecoin providers in general can now get EU-wide status this fast fails if other MiCA CASP applicants report timelines well beyond two months. Noah's pace would then belong to Noah alone. The company is UK-based [6], which makes a faster-than-expected EU authorisation a fact about this applicant until a second one shows the same.
What to watch
- A named customer launching EU stablecoin payments on Noah's licences, which would test the within-weeks claim.
- Another stablecoin payments provider disclosing how long its own MiCA CASP application took from filing to grant.
- The next tier-1 licence Noah announces after the EU, US and Canada, which Ramezani says is in the pipeline.
Clarity's read
What the record supports and how the coverage leans. The claims behind it follow.
Reality
- Evidence40
- Adoption30
- Hype gap+25
- Incentives70
- Confidence55
Claim ledger
Ranked by verification strength, evidence, and original report placement.
- [1]
Noah, a stablecoin payments infrastructure provider, obtained a MiCA crypto-asset service provider licence and a PSD2 payment institution licence, giving it regulatory approval to offer digital asset payment services across the EU.
- [2]
The licences allow Noah to offer regulated stablecoin services alongside traditional fiat payments in all 27 EU member states under one regulatory framework; it can custody, exchange and transfer stablecoins for clients and execute fiat payments by credit transfer.
- [3]
The EU authorisations complement Noah's money transmitter licences in the US and its Payment Service Provider registration in Canada.
- [4]
Noah now holds more than 40 licences, registrations and approvals across the US, Canada and the EU.
- [5]
Noah announced a $16 million seed extension on 7 October, bringing total seed funding to $38 million; the company said part of the capital would support further regulatory expansion.
- [6]
Noah is a UK-based stablecoin payments provider.
- [7]
We made a bold call early: get licensed in the toughest, largest markets first.
- [8]
Seed funding before the extension was $22 million.
- [9]
The $16 million extension is about 42% of the $38 million total seed funding.
- [10]
Noah reported obtaining the PI licence in around one month and the CASP licence in around two months.
- [11]
According to the company, customers can work with a single regulated counterparty instead of building a patchwork of local banking arrangements or applying for, funding and maintaining authorisations of their own.
- [12]
Noah has added more than 150 customers in 2026 across remittances, fintech, marketplaces and payroll, and its year-to-date revenue is up 538% compared with the same period in 2025.
- [13]
Noah manages regulatory requirements on behalf of its customers, who submit KYC and KYB information once and rely on SOC 2 Type II audited security controls.
- [14]
Noah says businesses can launch digital asset payment services across the US, Canada and the EU within weeks, compared with months or years for obtaining certain regulatory authorisations.
- [15]
Year-to-date revenue is 6.38 times the same period in 2025.
- [16]
Noah is positioned to pursue direct access to the SEPA network.
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Sources
2 independent publishers whose own reporting we read for this story.
- fintech.globalNoah secures EU licences to expand digital asset payments
1 article · October 15, 2026
- thepaypers.comNoah secures MiCA CASP and PSD2 payment institution licences in the EU
1 article · October 15, 2026
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Topics
- Payments licensingFollow
- EU crypto regulationFollow
- Stablecoin PaymentsFollow