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Crypto Banking
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Ireland · CASP
Crypto banking for crypto-asset service providers authorised by the Central Bank of Ireland
Ireland cut the MiCA transition to twelve months, and VASP registrations stopped counting on 30 December 2025. The Central Bank expects an Irish board in full control of client assets, and says an assessment takes at least ten months. Use that time to build on a platform that already runs.
- Segregated per-client ledger with reconciliation exports
- Liquidity via Kraken, itself authorised in Ireland
- ICT, DORA and outsourcing input for your file
- Data for your orderly wind-down plan
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What a Central Bank of Ireland CASP authorisation lets you offer
Custody your Irish entity controls
Each client gets crypto accounts with deposit addresses and QR codes. Wallets run on custody infrastructure contracted by your Irish company, and withdrawal approvals follow the roles you set in the back office.
Exchange of crypto and euro
Buy, sell and swap with liquidity from a connected provider. The client sees the rate and fee first, and euro proceeds land in their account in the same app.
Euro accounts beside crypto
IBAN accounts with SEPA, SEPA Instant and SWIFT through your banking partner, posted to the same ledger as each client's crypto.
Crypto transfers
Internal transfers and on-chain withdrawals, with Travel Rule data exchanged through a connected provider.
Crypto-linked cards
Visa and Mastercard cards that spend crypto-linked balances, settled in euro at the point of sale. You sign with the card issuer.
What this licence does not cover
- Operating on a VASP registration. Since 30 December 2025 a registered VASP without CASP authorisation must not provide crypto services in Ireland.
- Issuing e-money tokens. MiCA keeps those for credit institutions and e-money institutions.
- Taking deposits or lending.
What the regulator asks about your IT
Each requirement, what the platform gives you for it and who owns it after launch.
Client and own holdings on separate ledger accounts, every movement posted, and exports your team reconciles against the wallets daily.
Your Irish operations team, on platform dataHoldings per client on the ledger, plus a description of withdrawal approvals and access roles as they run on the platform.
You, with input from us and the custody providerBack-office access, approval rights and reporting your executives use themselves, plus walkthroughs before your Central Bank meetings.
Your boardTechnical documentation of architecture, hosting, access roles, 2FA, audit trail, backups and incident handling.
Crassula drafts, you adoptService description, contract terms, audit and access rights, sub-providers and exit support, so your Irish entity keeps control of what it outsources.
You, with our inputExports of every client's crypto and euro positions, so a wind-down plan can show how assets would be returned.
YouOnboarding questionnaires per client type, identity checks and screening through connected providers, client limits.
Your MLROOriginator and beneficiary data captured at onboarding and on each transfer, exchanged through a connected Travel Rule provider.
Your MLRO
Payment rails and providers
Rails your customers can use
SEPASEPA InstantSWIFTOn-chain transfersInternal transfers
Kraken
Authorised as a CASP by the Central Bank of Ireland, with its MiCA licence passported across the EEA. Liquidity for your exchange service, or Kraken Embed, which launched in Ireland with bunq, as a first step.
24/7
real-time processing, no batch window
60+
payment and provider integrations connected
150+
companies run on Crassula
15+
languages the platform speaks
Dates to plan around
Rules that change what you have to build, in the order they apply.
30 Dec 2024
MiCA applies to CASPs, together with the crypto Travel Rule under Regulation (EU) 2023/1113. Ireland's twelve-month transition begins for registered VASPs.
17 Jan 2025
DORA applies to crypto-asset service providers.
30 Dec 2025
The Irish transition ends. VASPs without a CASP authorisation have to stop providing services.
10 months
The minimum time the Central Bank says it needs to complete a CASP assessment for a registered VASP. Plan new applications with that in mind.
Applying to the Central Bank of Ireland as a CASP? Name us in your application.
The Central Bank wants to see an Irish firm that controls its own systems and client assets, not a branch run from abroad. We give you a working platform and the technical part of the file, while your legal advisers handle the rest.
01
A platform you can demonstrate
A configured environment to show the regulator, not slides.
02
The technical part of your application, prepared
ICT systems, security and DORA, outsourcing and business continuity sections, plus data for your wind-down plan.
03
Providers lined up
Liquidity through Kraken, plus banking, custody and KYC providers from our network, matched to your licence.
Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.
How a launch usually runs
Consider a Dublin fintech that runs euro accounts for small businesses and now wants to let them hold stablecoins and bitcoin. Before anything is filed, it contacts the Central Bank's Innovation Hub and presents the business model. The Central Bank has also said it would publish a Key Facts Document template for applicants, so the team checks what that template now asks for.
While the assessment runs, we set up the environment in its brand with Kraken liquidity and the custody infrastructure it chose, and draft the ICT, DORA and outsourcing sections with the team. Its Irish executives approve withdrawals and run daily reconciliations themselves on test data, so they can show the Central Bank they are in charge. Once authorised, the business clients see a crypto tab next to their euro account.
For the regulatory background, read the MiCA CASP licence guide and our article on what crypto banking is.
Read the licence guides
FAQ
Not much. The Central Bank says a VASP registration gives no indication of the CASP outcome and does not lead to a simplified assessment. Your supervisory history is taken into account, but you file a full application.
The Central Bank has said it needs at least ten months to complete the assessment of a registered VASP. The MiCA clock of 25 working days for completeness and 40 for the decision starts only once the file is complete.
The Central Bank expects substance and autonomy in Ireland, led by a local executive and board who understand crypto. Decisions on client assets, risk and outsourcing have to be taken by the Irish entity.
MiCA sets EUR 125,000 for custody and exchange (class 2) and EUR 150,000 for a trading platform (class 3). If a quarter of last year's fixed overheads is higher, that figure applies.
Kraken is authorised in Ireland, and Embed launched here with bunq, so availability is not the question. What you need is legal advice that your own role stays outside MiCA while Kraken executes and holds the assets.
No. Crassula provides the software for accounts, exchange, apps and back office. Keys sit in the custody infrastructure your Irish entity contracts, and you are the custodian towards clients and the Central Bank.
