--- title: "Crypto Banking for Lithuanian CASPs | Bank of Lithuania MiCA" description: "White-label crypto banking for Bank of Lithuania CASP applicants: per-client crypto and euro ledger, Kraken liquidity, IT and DORA part of your file." url: "https://crassula.io/solutions/crypto-banking/lithuania-casp/" lang: "en" image: "https://crassula.io/static/images/og/crassula-default.d7d01fb8a962.jpg" alternates: "en": "https://crassula.io/solutions/crypto-banking/lithuania-casp/" "de": "https://crassula.io/de/solutions/crypto-banking/lithuania-casp/" "es": "https://crassula.io/es/solutions/crypto-banking/lithuania-casp/" "fr": "https://crassula.io/fr/solutions/crypto-banking/lithuania-casp/" "x-default": "https://crassula.io/solutions/crypto-banking/lithuania-casp/" index: "https://crassula.io/llms.txt" --- Lithuania · CASP # Crypto banking for crypto-asset service providers licensed by the Bank of Lithuania Lithuania once had hundreds of crypto firms on a light national register. That era ended on 31 December 2025, and only a handful of MiCA licences had been granted by January 2026. The Bank of Lithuania keeps rejecting weak IT and operational risk set-ups, so build yours on a working platform. [Request demo](https://crassula.io/request-demo/) [Crypto Banking →](https://crassula.io/solutions/crypto-banking/) Your market**Lithuania**CASP - Crypto and euro holdings per client on one ledger - Liquidity via Kraken - IT, operational risk and DORA input for your file - Exports for the reconciliations supervisors test Rails your customers can use **SEPA****SEPA Instant****SWIFT****On-chain transfers****Internal transfers** What the regulator asks about your IT**8** ![Kraken](https://crassula.io/static/images/solutions/connector-logos/kraken.13f0122dfa3c.png) Case Studies ## See what teams build with Crassula. ![Keytom](https://crassula.io/static/images/solutions/cases/logo-keytom.bdceda23dc6c.png) - Crypto payments - Multi-currency exchange - Digital-asset accounts Live on Crassula ### [Bringing fiat and digital assets together.](https://crassula.io/cases/keytom/) Fiat and crypto payments, multi-currency exchange and digital-asset accounts on Crassula infrastructure. [Read case study: Keytom](https://crassula.io/cases/keytom/) ![Wickie](https://crassula.io/static/images/solutions/cases/logo-wickie.f3b353890315.png) - Digital wallets - Web interfaces - iOS and Android apps Live on Crassula ### [Fiat and crypto products across web and mobile.](https://crassula.io/cases/wickie/) Digital wallets and financial journeys delivered through Crassula APIs, web interfaces and iOS and Android apps. [Read case study: Wickie](https://crassula.io/cases/wickie/) Crypto Banking · CASP ## What a Bank of Lithuania CASP licence lets you offer ### Custody and administration of crypto Crypto accounts with their own deposit addresses and QR codes. The keys run on custody infrastructure you contract, and your company is the custodian under MiCA. ### Exchange against euro and between coins Clients convert crypto to euro or to other crypto with liquidity from a connected provider, with the rate and fee on screen before they confirm. ### Euro accounts and transfers IBAN accounts through your banking partner with SEPA, SEPA Instant and SWIFT, on the same ledger as the crypto positions. ### Transfers with Travel Rule data Internal transfers and on-chain withdrawals. Originator and beneficiary details go through a connected Travel Rule provider. ### Clients in other EEA countries A Lithuanian licence comes with the MiCA passport, so after notification you serve clients across the EEA from the same apps. ### What this licence does not cover - Carrying on as a registered VASP. The transition ended on 31 December 2025, and unlicensed crypto services are now illegal financial activity under the Criminal Code. - Issuing e-money tokens. That needs a credit institution or e-money institution licence. - Lending or deposit taking. Your market ## What the regulator asks about your IT Each requirement, what the platform gives you for it and who owns it after launch. 1 IT and operational risk management, one of the weak points the Bank of Lithuania found in 2025 applications Architecture, hosting, access roles, 2FA, audit trail, backups and incident handling documented on a platform the reviewers can see working. Crassula drafts, you adopt 2 ICT risk and third-party register under DORA The details on our service, locations and sub-providers that your register of ICT third-party arrangements needs. You, with our input 3 Register of positions per client and segregation (Art. 75 MiCA) Crypto per client on ledger accounts kept apart from your own, with exports to reconcile against your wallets. Your operations team, on platform data 4 Custody policy and withdrawal controls Approval flows and access roles set up in the back office and described as they run. You, with input from us and the custody provider 5 Client funds held with a credit institution or central bank (Art. 70 MiCA) Euro balances owed to each client on the ledger, ready to reconcile with your client funds account. Your finance team, on platform data 6 AML/CTF framework under the Lithuanian Law on the Prevention of Money Laundering Onboarding questionnaires per client type, identity checks and screening through connected providers, client limits. Your AML officer 7 Travel Rule under Regulation (EU) 2023/1113 Originator and beneficiary data captured at onboarding and on each transfer, exchanged through a connected provider. Your AML officer 8 Outsourcing of critical or important functions Service description, contract terms, audit and access rights, exit support. You, with our input Lithuania ## Payment rails and providers Rails your customers can use SEPA SEPA Instant SWIFT On-chain transfers Internal transfers ![Kraken](https://crassula.io/static/images/solutions/connector-logos/kraken.13f0122dfa3c.png) ### Kraken Holds a MiCA authorisation from the Central Bank of Ireland that covers the EEA. Liquidity for your exchange service. Ask Kraken whether Kraken Embed is available for Lithuanian clients. ### [Prefer another provider?](https://crassula.io/connectors/) Crassula connects 60+ payment, banking and compliance integrations. We will check which ones fit your licence. *Explore all connectors →* **24/7**real-time processing, no batch window **60+**payment and provider integrations connected **150+**companies run on Crassula **15+**languages the platform speaks Lithuania ## Dates to plan around Rules that change what you have to build, in the order they apply. 1. **11 Jul 2024** The Seimas adopts the Law on Markets in Crypto-Assets, making the Bank of Lithuania the licensing authority. The transition was first planned to run until June 2025. 2. **30 Dec 2024** MiCA applies to CASPs, together with the crypto Travel Rule under Regulation (EU) 2023/1113. 3. **17 Jan 2025** DORA applies to crypto-asset service providers. 4. **Jun 2025** Robinhood Europe UAB is reported as the first firm to hold a Bank of Lithuania CASP licence and starts passporting its crypto services. 5. **31 Dec 2025** The extended transition ends. VASPs without a MiCA licence lose the right to operate in Lithuania. CASP ## Applying to the Bank of Lithuania as a CASP? Name us in your application. In 2025 the Bank of Lithuania received 102 applications and pointed to the same gaps again and again, including weak IT and operational risk management and companies with no real substance. We give you a working platform and the technical part of the file, while your legal advisers handle the rest. [Talk to us about your application](https://crassula.io/request-demo/) Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application. 1. 01 ### A platform you can demonstrate A configured environment to show the regulator, not slides. 2. 02 ### The technical part of your application, prepared IT and operational risk, DORA, outsourcing and business continuity sections of your Bank of Lithuania file. 3. 03 ### Providers lined up Liquidity through Kraken, plus banking, custody and KYC providers from our network, matched to your licence. ![A customer checking digital-asset balances at home.](https://crassula.io/static/images/features/people/assets-1200.7142bcecf019.webp) Crypto Banking ## How a launch usually runs Imagine a Vilnius company that ran a crypto exchange app on the old register and wound down its Lithuanian service at the end of 2025 while its MiCA file was still under review. Its shareholders want to come back with a licence, a local management team and a cleaner product. The Bank of Lithuania's feedback was blunt: unclear sources of funds, thin governance, and IT documentation that did not match what the company actually ran. For the new file, we set up the environment in its brand with Kraken liquidity and the custody infrastructure it contracts, and write the IT, operational risk and DORA sections around the system it will really use. Its operations team rehearses the per-client reconciliation on test data. Once licensed, it reopens to former clients and, with a passport notification, to clients in other EEA countries. For the regulatory background, read our [guide to the Lithuanian CASP licence](https://crassula.io/guides/licenses/lithuania-casp/) and the [MiCA CASP licence guide](https://crassula.io/guides/licenses/mica-casp/). Guides ## Read the licence guides ![Lithuania CASP Licence in 2026: MiCA Authorisation by the Bank of Lithuania](https://crassula.io/static/images/guides/lithuania-casp/vilnius-castle-tower-preview-960.7b92edaae964.jpg) ### [Lithuania CASP Licence in 2026: MiCA Authorisation by the Bank of Lithuania](https://crassula.io/guides/licenses/lithuania-casp/) ![MiCA CASP License in 2026: The Complete Guide](https://crassula.io/static/images/guides/mica-casp/mica-crystal-preview-960.09abba5803a6.jpg) ### [MiCA CASP License in 2026: The Complete Guide](https://crassula.io/guides/licenses/mica-casp/) ![Cryptoasset Business Registration in 2026: MiCA, CASP and Beyond](https://crassula.io/static/images/guides/cryptoasset-business/crypto-seal-preview-960.c7da663526d7.jpg) ### [Cryptoasset Business Registration in 2026: MiCA, CASP and Beyond](https://crassula.io/guides/licenses/cryptoasset-business/) ![Crypto Banking as a Service in 2026: Architecture, Software and Launch Path](https://crassula.io/static/images/guides/what-is-crypto-banking/crypto-bank-links-preview-960.7748647fa1c9.jpg) ### [Crypto Banking as a Service in 2026: Architecture, Software and Launch Path](https://crassula.io/solutions/crypto-banking/guides/what-is-crypto-banking/) ![Crypto Exchange Software in 2026: Build vs Buy Playbook](https://crassula.io/static/images/guides/crypto-exchange-software/crypto-matching-engine-preview-960.01e092459f2e.jpg) ### [Crypto Exchange Software in 2026: Build vs Buy Playbook](https://crassula.io/solutions/crypto-banking/guides/crypto-exchange-software/) [**Explore all guides**Licensing, payments, cards and core banking, explained by our team.](https://crassula.io/guides/) Lithuania · CASP ## FAQ The questions teams ask us before a first call. [**Not covered here?**Bring your question to a demo with our team.](https://crassula.io/request-demo/) What happened to firms on the Lithuanian VASP register? The register was an anti-money laundering registration, with the Financial Crime Investigation Service as supervisor. MiCA replaced it. After 31 December 2025, firms without a Bank of Lithuania licence or a passport from another member state lost the right to operate. Why do so many Lithuanian applications fail? The Bank of Lithuania listed recurring problems: shareholders and sources of funds not clearly shown, weak management and governance, poor AML/CTF documents, weak IT and operational risk management, and empty shell companies without real substance. How long does the Bank of Lithuania take? MiCA sets 25 working days to check completeness and 40 working days to decide, with up to 20 working days of suspension for further questions. Files with gaps take far longer, because the clock only runs on a complete application. How much capital do we need? EUR 125,000 for custody and exchange (class 2), EUR 150,000 for a trading platform (class 3), or a quarter of last year's fixed overheads if that is higher. Can we use Kraken Embed in Lithuania? Its public launch with bunq covered the Netherlands, France, Spain, Ireland, Italy and Belgium, not Lithuania. Check with Kraken before you plan on it, and with your lawyers whether your own role then needs a licence. Does Crassula hold our clients' crypto? No. Crassula is the software for accounts, exchange, apps and back office. Keys sit with the custody infrastructure you contract, and your company answers for custody to clients and the Bank of Lithuania. Lithuania · CASP ## What a Bank of Lithuania CASP licence lets you offer Tell us your licence and country. We will map the rails, providers and documents you need. [Request demo](https://crassula.io/request-demo/) [**Know what you pay**One setup fee and a monthly plan with accounts and transactions included.*See pricing →*](https://crassula.io/prices/) [**Start with the API**Documented endpoints for accounts, payments, cards and customers.*Explore the API →*](https://crassula.io/features/api/)