Blueprints: how to build a regulated crypto product, and who already did
A Protofire blueprint is a plan for one product under EU rules (MiCA, the Transfer of Funds Regulation and DORA): what you keep in-house, which vendors you rent, what has to be built between them, and who already runs it. 22 plans for banks, payment firms, crypto brokers, asset managers and corporate treasuries.
Get the library passSummaries are free to read; the full documents come by email.
250+
Projects delivered since 2016
$2B+
In assets secured across 120+ networks
1M+
Developers rely on our open-source dev tools
Find your row, then what you want to launch. Each tile shows institutions already running that product: market references, not our clients.
Banks and credit institutions
Staking for custody clientsBP-3Add staking on top of the custody you already run, with a per-customer reward record built in.
Swissquote+2Earn and lendCrypto-backed Lombard loansBP-4Lend fiat or stablecoins against a client's pledged crypto, marked and margined continuously.
Sygnum Bank+2Earn and lend
Swissquote+2Earn and lendCrypto-backed Lombard loansBP-4Lend fiat or stablecoins against a client's pledged crypto, marked and margined continuously.Sygnum Bank+2Earn and lendEMIs, PSPs and payments
Stablecoin payout corridorsBP-5Pay beneficiaries in stablecoins across your corridors without ever holding crypto as a position.
+1Pay and move moneyCrypto acceptance with euro settlementBP-6Accept crypto at the till and settle merchants in euro, with no change to the terminal fleet.
Farfetch+1Pay and move moneyWallet-linked IBAN accountsBP-25Bind a bank account number to an address the customer holds the keys to, so an ordinary SEPA transfer arrives on chain and nobody in the middle ever holds the money.Monerium
+3Pay and move moneySelf-custody crypto cardBP-10Let customers spend on-chain balances with a card, while the program never takes custody.Also under CASPsPay and move money
+1Pay and move moneyCrypto acceptance with euro settlementBP-6Accept crypto at the till and settle merchants in euro, with no change to the terminal fleet.Farfetch+1Pay and move moneyWallet-linked IBAN accountsBP-25Bind a bank account number to an address the customer holds the keys to, so an ordinary SEPA transfer arrives on chain and nobody in the middle ever holds the money.Monerium+3Pay and move moneySelf-custody crypto cardBP-10Let customers spend on-chain balances with a card, while the program never takes custody.Also under CASPsPay and move moneyEuro stablecoin issuanceBP-7Issue a euro e-money token in your own name, with the reserve and disclosure operation behind it.
+2Issue and offer stablecoinsReserve-capped mint controlsBP-9Make minting fail closed, so circulating supply can never exceed the reserve safeguarded behind it.Blackfridge SCVirtune+2Issue and offer stablecoinsEuro stablecoin via a licensed issuerBP-8Add a euro stablecoin to your product on a licensed issuer's rails, with no issuance licence of your own.Also under CASPsIssue and offer stablecoins
+2Issue and offer stablecoinsReserve-capped mint controlsBP-9Make minting fail closed, so circulating supply can never exceed the reserve safeguarded behind it.Blackfridge SCVirtune+2Issue and offer stablecoinsEuro stablecoin via a licensed issuerBP-8Add a euro stablecoin to your product on a licensed issuer's rails, with no issuance licence of your own.Also under CASPsIssue and offer stablecoinsCASPs, neobanks and brokers
Asset managers and fund administrators
Tokenized euro money market fundBP-12Tokenize a euro money market fund from launch, keeping it inside UCITS with its yield on-chain.
Tokenize fundsTokenized share class on an existing fundBP-13Add a tokenized share class to a fund already in market, with its legal register left untouched.
Tokenize fundsPrivate credit fund, units as collateralBP-14Issue an evergreen private-credit fund as a token, with the register kept continuously in sync.
+1Tokenize fundsTokenization as an admin serviceBP-15Offer fund clients a tokenized share class as a servicing line, without moving legal title on-chain.
J.P. Morgan+2Tokenize funds
Tokenize fundsTokenized share class on an existing fundBP-13Add a tokenized share class to a fund already in market, with its legal register left untouched.Tokenize fundsPrivate credit fund, units as collateralBP-14Issue an evergreen private-credit fund as a token, with the register kept continuously in sync.+1Tokenize fundsTokenization as an admin serviceBP-15Offer fund clients a tokenized share class as a servicing line, without moving legal title on-chain.J.P. Morgan+2Tokenize fundsCorporate treasury
Licence, migration and resilience
Moving a lapsed VASP's clientsBP-16Your national registration has lapsed under MiCA - move the clients, the balances and the Travel Rule wiring onto an authorised provider's rail, keep your brand, and keep serving EU clients.Licence, migration and resilienceDay-one MiCA compliance stackBP-17The onboarding, screening, travel-rule, record-keeping and continuity stack a MiCA-authorised CASP must run from day one - wired so each obligation produces its own evidence, not a reconstruction at examination time.
Licence, migration and resilienceOnchain threat responseBP-18Answer defined on-chain threats in seconds from a pre-agreed matrix, bounded by limits you set.Edge Capital Group
+2Licence, migration and resilienceTaking in a migrating client bookBP-24Absorb a migrating client book at ten times normal volume without lowering your onboarding standard.Licence, migration and resilience
Licence, migration and resilienceOnchain threat responseBP-18Answer defined on-chain threats in seconds from a pre-agreed matrix, bounded by limits you set.Edge Capital Group+2Licence, migration and resilienceTaking in a migrating client bookBP-24Absorb a migrating client book at ten times normal volume without lowering your onboarding standard.Licence, migration and resilienceThe documents behind the map
Every tile on the map opens a free summary. The full documents go out as one personal link.
Get the library pass
One personal link opens all 22 full blueprints: web documents, 13 to 19 pages each, with the risk tables, the DORA third-party packs and the delivery plans.
We email your personal link and, now and then, a blueprint update. Privacy policy
Who already runs these patterns
39 go-lives the blueprints cite, newest first, with the date each went live. They are market references, not Protofire clients.
- 4 Aug 2026BlackRockFund manager; six UCITS money market funds marketed across thirteen named jurisdictionsDigital Share Class on an Existing Fund
- 4 Aug 2026J.P. Morgan, for BlackRockJ.P. Morgan Administration Services (Ireland) Limited, administrator, registrar and transfer agent to an Irish UCITS umbrella, Central Bank of IrelandFund Tokenization as an Admin Service
- 23 Jul 2026BancaStatoCantonal bank of Ticino with a cantonal state guarantee; FINMA-supervisedIn-App Crypto Brokerage
- 8 Jun 2026LedgerNon-financial corporate, FranceStablecoin Payments in Your TMS
- 8 Jun 2026MantuNon-financial corporate, international groupStablecoin Payments in Your TMS
- 2 Jun 2026Checkout.com x Coinbase Payments1,000+ enterprise merchants, multi-jurisdictionCrypto Acceptance, Euro Settlement
Show all 39Show fewer
- 11 May 2026CorpayListed corporate payments groupStablecoin Payout Corridors
- 14 Apr 2026SS&C Calastone, for Legal & GeneralSS&C Calastone, United Kingdom; Legal & General Investment Management, FCAFund Tokenization as an Admin Service
- 8 Apr 2026WorldlineEuropean payment processorStablecoin Payout Corridors
- 19 Mar 2026Apex Group, for Coinbase Asset ManagementSame Apex footing; Coinbase Asset Management, United StatesFund Tokenization as an Admin Service
- Mar 2026Amundi, with SpikoEstablished European asset manager, partnering with the authorised operatorTokenized Euro Money Market Fund (UCITS)
- Feb 2026BitpandaAustria, MiCA CASP trackEuro Stablecoin From a Licensed Issuer
- Feb 2026Kraken, SwissBorg, Zodia, CoinsPaidVariousEuro Stablecoin From a Licensed Issuer
- 13 Jan 2026DZ BankCentral institution for the German co-operative network; MiCAR authorisation from BaFin, late December 2025Shared Crypto Platform for Member Banks
- 12 Jan 2026DZ BANKBaFin MiCAR authorisation received end December 2025, GermanyIn-App Crypto Brokerage
- 28 Oct 2025Virtune ABSwedish regulated digital asset manager; products listed on Nasdaq Stockholm and Helsinki, Deutsche Boerse Xetra, Euronext Amsterdam and Euronext ParisReserve-Capped Mint Controls
- 15 Oct 2025ODDO BHF (EUROD)Franco-German bank group, more than EUR 150 billion of assets under managementEuro Stablecoin Issuance (EMT)
- 1 Oct 2025Anemoy Capital SPC Limited, with Janus Henderson and Apollo (ACRDX)BVI professional fund under the Securities and Investment Business Act; J.P. Morgan custodian, Trident Trust administrator, MHA Cayman auditorTokenized Private Credit Fund With Borrowing Against Units
- 31 Jul 2025AllUnity GmbH (EURAU)BaFin electronic money institution licence, 1 July 2025, GermanyEuro Stablecoin Issuance (EMT)
- 4 Jul 2025BBVARegistered with the CNMV as a credit institution for custody, execution and transfer, effective 5 March 2025 - the Art. 60 route rather than a CASP authorisationIn-App Crypto Brokerage
- Jul 2025Societe Generale FORGERegulated bank group, FranceStablecoin Earn Product
- May 2025BNP Paribas Asset ManagementFund manager, Luxembourg fund; BNP Paribas Securities Services as transfer agentDigital Share Class on an Existing Fund
- May 2025Cantor FitzgeraldUS broker-dealer groupCrypto-Backed Lombard Loans
- May 2025RelaiSwiss non-bank bitcoin broker; the credit is originated by Sygnum BankCrypto-Backed Lombard Loans
- 30 Jan 2025Apollo Global Management (ACRED)US registered investment adviser; Securitize Transfer Agent, LLC is SEC-registered and Securitize Fund Services, LLC administersTokenized Private Credit Fund With Borrowing Against Units
- 30 Jan 2025Securitize, for ApolloSecuritize, LLC, transfer agent registered with the US Securities and Exchange CommissionFund Tokenization as an Admin Service
- 21 Jan 2025Apex Group, for Fasanara CapitalApex Fund Services S.A., Luxembourg specialised PFS, CSSF, RCS B241514; Fasanara Capital Ltd, FCA, FRN 551020Fund Tokenization as an Admin Service
- 16 Jan 2025PostFinanceSwiss bank, FINMA-supervised, systemically important; staking delivered with SygnumStaking-as-a-Service for Custody Clients
- Jan 2025CoinbaseUS state money-transmitter licences; FCA-registered cryptoasset firm in the United KingdomCrypto-Backed Lombard Loans
- Nov 2024PrintempsFrance, department-store retailerCrypto Acceptance, Euro Settlement
- Aug 2024Banking Circle S.A.Luxembourg credit institution, CSSF; registered as a crypto-asset service provider 15 April 2026Day-One MiCA Compliance Stack for CASPs
- Aug 2024Banking Circle S.A. (EURI)Luxembourg credit institution, CSSF; CASP authorisation added April 2026Euro Stablecoin Issuance (EMT)
- 5 Jun 2024dwpbank and MLP Banking AGdwpbank operates wpNex for connected institutions; MLP Banking AG is BaFin-authorised, GermanyIn-App Crypto Brokerage
- 21 Feb 2024PostFinanceSystemically important Swiss bank, FINMA-supervisedIn-App Crypto Brokerage
- 2024Gnosis PayVisa card program, EUSelf-Custody Crypto Card Programme
- 2024SpikoInvestment firm authorised by the ACPR under number 19183, supervised by the AMF; FranceTokenized Euro Money Market Fund (UCITS)
- 2 Oct 2023Zuger KantonalbankFINMA-supervised cantonal bank, SwitzerlandIn-App Crypto Brokerage
- 2023Hamilton Lane (HLSCOPE)US registered investment adviser; feeder distributed through Securitize Markets, LLC, an SEC-registered broker-dealer and FINRA memberTokenized Private Credit Fund With Borrowing Against Units
- Oct 2022N26German banking licence; the crypto service is provided by Bitpanda Asset Management GmbH, BaFin-authorised 24 January 2025 and disclosed to the customer as counterpartyIn-App Crypto Brokerage
Get a proposal
Tell us what you are building. An engineer reads it, we have a short call, and the written proposal follows within one business day.
Budget
I accept the
Privacy PolicyI agree to receive new research announcements as well as information about Protofire services and special offers
An NDA is available from the first message and can cover anything you share. How it works