Membrane Finance

Who it's for

Membrane Finance is built for products adding regulated crypto capabilities - custody, exchange or stablecoins - under MiCA. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds.

Sovereignty profile

• Data residency (EEA): Yes - hosted in the EEA - GDPR / CLOUD Act safe
• Company origin: EU core (Finland)
• Ownership / control: US-owned - Paxos (US law applies, incl. the CLOUD Act)

What Membrane Finance does

Capabilities & rails

• MiCA: EMT (euro stablecoin)

Verified licence profile

Membrane Finance Oy (Helsinki) - issuer of EUROe, the first EU-regulated euro stablecoin (pre-MiCA EMI, transitioned to MiCA). EMI authorised by FIN-FSA (Finland). EUROe site now redirects to Paxos (EUROe redemptions via paxos.com) - Membrane Finance acquired by Paxos (US); the token is now being decommissioned - redemption-only at 1:1, no new minting or trading (checked 2026-09-18). Same legal entity as Paxos Issuance Europe: the Finnish trade register (PRH, business ID 3236886-2) shows Membrane Finance Oy renamed Paxos Issuance Europe Oy on 19 Feb 2025 - this profile is kept as history; the live entity is profiled as Paxos Issuance Europe.

Verified 2026-06-26. How we verify → · Official website: paxos.com · Spotted something out of date? Report a correction.

Timeline

• 2026-09-18 [product] EUROe decommissioned - redemption-only at 1:1 after Paxos completed the acquisition; euroe.com redirects to the Paxos redemption notice.
• 2025-02-19 [rebrand] Renamed Paxos Issuance Europe Oy (same legal entity, business ID 3236886-2)
• 2025 [m&a] Acquired by Paxos; EUROe redemptions via Paxos