PAYTOP becomes one of Europe’s few dual-licensed crypto payment firms

PAYTOP, the French subsidiary of Singapore-based stablecoin paytech Triple-A Group, has obtained authorization as a crypto-asset service provider (CASP) from France’s Autorité des Marchés Financiers, according to a press release from law firm De Gaulle Fleurance, which advised on the transaction.

The license, confirmed on the AMF’s public CASP registry under reference A2026-015, allows PAYTOP to offer custody and administration of crypto-assets, exchange of crypto-assets for funds, and crypto-asset transfer services across all 30 EU and EEA member states under MiCA’s passporting rules.

PAYTOP already holds a Payment Institution license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), France’s banking and insurance prudential regulator. The new CASP authorization adds regulated crypto-asset services on top of that existing payments license, giving the company what De Gaulle Fleurance described as a unified regulatory footprint across both fiat and digital-asset operations.

Authorization lands as France’s MiCA transition closes out

The approval arrives against a hard regulatory deadline. France’s transitional regime, which allowed firms previously registered as Digital Asset Service Providers (DASPs) under the country’s PACTE law to keep operating without full MiCA authorization, expired on July 1, 2026.

The AMF has said that from that date, only CASPs authorized under MiCA, or entities eligible for a narrow notification route under MiCA’s Article 60, may legally provide crypto-asset services in France. Firms that miss the cutoff face penalties of up to two years in prison and a €30,000 fine under the French Monetary and Financial Code.

The European Securities and Markets Authority (ESMA) has told unauthorized providers to wind down EU operations in an orderly manner, halting new client onboarding and marketing while the process plays out. Against that backdrop, PAYTOP’s authorization, granted by the AMF on May 21, 2026, positions Triple-A’s French subsidiary among a limited group of firms that cleared the bar before the transition window closed.

Deal advised by De Gaulle Fleurance

PAYTOP was advised on the authorization process by Anne Raoul-Tardieu of law firm ARAO Avocat, and subsequently by a team at De Gaulle Fleurance comprising partner Anne Maréchal, Adam Stolcz, and Irène L’Homme.

“Obtaining CASP authorization is a major milestone for Paytop and the Triple-A Group, which can now operate within a unified and robust European regulatory framework. This rigorous authorization serves as a powerful driver of trust and competitiveness for industry players. We are delighted to have supported Triple-A in this strategic advancement.” — Anne Maréchal, partner, De Gaulle Fleurance

What the license means for Triple-A’s European push

Triple-A, founded in 2020, provides stablecoin-based payment infrastructure for merchants, including collection, settlement, and payout services. The company has pursued licensing across multiple jurisdictions, including a money transmitter license across 19 U.S. states, a Major Payment Institution license in Singapore, and a Money Services Business license in Canada.

With PAYTOP’s dual PI and CASP status now confirmed in France, Triple-A becomes one of a small number of firms in Europe holding both licenses simultaneously, a combination the company has said allows it to offer stablecoin acceptance, payouts, KYC/KYB, sanctions screening, and Travel Rule compliance to enterprise clients under a single regulated counterparty covering all EU and EEA member states.

Once authorized in one member state, a CASP license passports across the bloc without requiring separate national applications, the structural advantage MiCA was designed to provide over the patchwork of national regimes it replaces.

This report is based on a press release issued by De Gaulle Fleurance.