Stablecoin issuer Paxos has agreed to acquire Membrane Finance, an electronic money institution licensed in Finland. This acquisition will allow Paxos to gain access to the European Union and ensure compliance with the strict rules for stablecoin issuers enforced in June. The move is part of a trend among crypto companies to comply with the Markets in Crypto Asset (MiCA) regulations. Upon completion of the acquisition, Paxos will become a fully licensed institution in Finland and the EU, enabling it to offer compliant tokenization solutions. The terms of the acquisition are undisclosed and it is subject to regulatory approval.



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