--- title: "Fiat Republic Netherlands B.V. · Electronic money institution (The Netherlands Bank) · Netherlands | Elucidate" description: "Fiat Republic Netherlands B.V. is authorised by The Netherlands Bank as an electronic money institution in the Netherlands. Licence R190553. LEI 724500GVWT7QULV8CR59. Register status, licences, activities and ownership." url: https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8 --- 1. [Directory](https://elucidate.co/directory) 2. [Netherlands](https://elucidate.co/directory/country/nl) 3. Fiat Republic Netherlands B.V. Netherlands · Payments & e-money # Fiat Republic Netherlands B.V. Fiat Republic Netherlands B.V. is a Dutch private limited company based in Amsterdam. De Nederlandsche Bank (DNB) authorises it as an electronic money institution under relation number R190553. The Dutch Authority for the Financial Markets (AFM) authorises it as a crypto-asset service provider under MiCA for the custody, administration and transfer of crypto-assets. It is a subsidiary of the London-based Fiat Republic Ltd. It provides virtual IBAN accounts, fiat payments, FX and e-money tokens to crypto platforms and other businesses, and does not serve consumers. DNB granted the e-money licence in December 2023, and the firm launched its ENEUR and ENGBP e-money tokens in August 2025. Register status Licensed in the Netherlands Electronic money institution · The Netherlands Bank Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#licences) BIC **No BIC** LEI **[724500GVWT7QULV8CR59](https://search.gleif.org/#/record/724500GVWT7QULV8CR59)** [Licence no. **R190553**](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#licences) ## Licences and registrations Held by Fiat Republic Netherlands B.V. (LEI 724500GVWT7QULV8CR59). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) The Netherlands Bank | Electronic money institutionE-Money / Stored Value Institution | R190553 | [Netherlands](https://elucidate.co/directory/country/nl) | Active | 2023-12-11 | — | - Payment services - Card acquiring - E-money / stored value | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | | [ESMA interim MiCA register of crypto-asset service providers](https://elucidate.co/directory/register/esma-casp) Netherlands Authority for the Financial Markets (AFM) | Crypto-asset service providerCrypto-Asset Service Provider | 724500GVWT7QULV8CR59 | [Netherlands](https://elucidate.co/directory/country/nl) | Active | 2025-08-05 | — | - Crypto-assets | [Search the register ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) | - Each licence applies in the country of the regulator that granted it. - Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) Customers Not published Employees Not published Ownership Group subsidiary Fiat Republic Ltd Firm type Banking as a service Trades as Fiat Republic - **Ownership:** Fiat Republic Ltd, a venture-backed company registered in England and Wales under number 13466461, is the direct and ultimate parent of the firm. - **Direct parent:** [Fiat Republic Ltd ↗](https://search.gleif.org/#/record/64888DH251UYC5Y8J479), United Kingdom - **Head office:** Strawinskylaan 4117, room 05-116, 1077 ZX Amsterdam, Netherlands - **Company register:** KvK (Dutch Chamber of Commerce) 84625791 - **Founders:** Adam Bialy · Paula Steiner ### Online - **Websites & references:** [fiatrepublic.com ↗](https://fiatrepublic.com/) [docs.fiatrepublic.com ↗](https://docs.fiatrepublic.com/docs) developer documentation [status.fiatrepublic.com ↗](https://status.fiatrepublic.com/) status page [member.fiatrepublic.com ↗](https://member.fiatrepublic.com/dashboard) client sign-in dashboard - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/fiatrepublic) · [YouTube ↗](https://www.youtube.com/@fiatrepublic1494) Sources · 13 pages consulted 1. [dnb.nl/en/public-register/information-detail/?registerCode=WFTEG&relationNumber=R190553](https://www.dnb.nl/en/public-register/information-detail/?registerCode=WFTEG&relationNumber=R190553) 2. [amf-france.org/en/warnings/white-lists/daspcasp/fiat-republic-netherlands-bv](https://www.amf-france.org/en/warnings/white-lists/daspcasp/fiat-republic-netherlands-bv) 3. [fiatrepublic.com/](https://fiatrepublic.com/) 4. [fiatrepublic.com/eaglenet-e-money-tokens-emts/](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) 5. [fiatrepublic.com/fiat-republic-becomes-one-of-the-first-players-in-europe-to-offer-regulated-custody-and-a](https://fiatrepublic.com/fiat-republic-becomes-one-of-the-first-players-in-europe-to-offer-regulated-custody-and-administration-of-its-own-e-money-tokens/) 6. [fiatrepublic.com/stablecoins](https://fiatrepublic.com/stablecoins) 7. [fiatrepublic.com/security-compliance](https://fiatrepublic.com/security-compliance) 8. [fiatrepublic.com/psd2-fiat-republic](https://fiatrepublic.com/psd2-fiat-republic) 9. [fiatrepublic.com/group-companies](https://fiatrepublic.com/group-companies) 10. [fiatrepublic.com/blog/seed-extension-release](https://fiatrepublic.com/blog/seed-extension-release) 11. [osborneclarke.com/news/osborne-clarke-assists-fiat-republic-acquiring-their-e-money-licence-netherlands-0](https://www.osborneclarke.com/news/osborne-clarke-assists-fiat-republic-acquiring-their-e-money-licence-netherlands-0) 12. [uk.linkedin.com/company/fiatrepublic](https://uk.linkedin.com/company/fiatrepublic) 13. [find-and-update.company-information.service.gov.uk/company/13466461](https://find-and-update.company-information.service.gov.uk/company/13466461) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) - **Operates under:** Its own licences DNB authorises the firm as an electronic money institution (R190553), including the issuance of e-money tokens. The AFM authorises it under MiCA as a crypto-asset service provider for custody, administration and transfer services. DNB's register shows the e-money licence passported on a cross-border services basis to the 29 other EEA states since January 2024. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | De Nederlandsche Bank (DNB) Netherlands | Authorisation to carry out the business of an electronic-money institution (PSD2 - Wft 2:10a) | R190553 | In its own name | Active | [dnb.nl ↗](https://www.dnb.nl/en/public-register/information-detail/?registerCode=WFTEG&relationNumber=R190553) | | Dutch Authority for the Financial Markets (AFM) Netherlands | MiCA crypto-asset service provider authorisation (custody and administration of crypto-assets; transfer services for crypto-assets) | 724500GVWT7QULV8CR59 | In its own name | Active | [amf-france.org ↗](https://www.amf-france.org/en/warnings/white-lists/daspcasp/fiat-republic-netherlands-bv) | | De Nederlandsche Bank (DNB) Netherlands | Issuer of e-money tokens under MiCA Title IV (ENEUR, ENGBP) as a licensed electronic money institution | R190553 | In its own name | Active | [fiatrepublic.com ↗](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) | Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that funds received for e-money token issuance are held in segregated accounts by Stichting Custodian Fiat Republic on behalf of holders, and DNB's register names this foundation as its third-party account entity under DNB supervision. [fiatrepublic.com ↗](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) - **Crypto-asset custody:** Held by the firmThe firm issues the ENEUR and ENGBP e-money tokens on the Algorand blockchain and provides custody, administration and transfer of them. A separate Dutch foundation, Fiat Republic Foundation II, holds the token private keys. [fiatrepublic.com ↗](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) - **Safeguarding bank:** Stichting Custodian Fiat Republic Netherlands [dnb.nl ↗](https://www.dnb.nl/en/public-register/information-detail/?registerCode=WFTEG&relationNumber=R190553) - **Payment schemes and card networks:** SEPA Instant Credit Transfer Through a partner [fiatrepublic.com ↗](https://fiatrepublic.com/) SEPA Credit Transfer Through a partner [fiatrepublic.com ↗](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) Swift Through a partner [fiatrepublic.com ↗](https://fiatrepublic.com/) Faster Payments Through a partner [fiatrepublic.com ↗](https://fiatrepublic.com/eaglenet-e-money-tokens-emts/) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) - Banking as a service - Multi currency accounts - Domestic payments - International money transfer - FX conversion - Stablecoin - Crypto custody It provides crypto platforms with named virtual IBAN accounts, EUR, GBP and USD payments, FX and treasury tools through a single API. It also issues the ENEUR and ENGBP e-money tokens, which are available only to members of its EagleNet settlement network. It serves business customers in the EEA under its Dutch e-money licence. Services in the UK, Canada and the US are provided by sister companies of the group. - **Sells to:** Financial institutions · Platforms and marketplaces · Enterprises - **Serves customers in 30 countries:** Netherlands · Austria · Belgium · Bulgaria · Croatia · Cyprus · Czechia · Denmark · Estonia · Finland · France · Germany · Greece · Hungary · Ireland · Italy · Latvia · Lithuania · Luxembourg · Malta · Poland · Portugal · Romania · Slovakia · Slovenia · Spain · Sweden · Iceland · Liechtenstein · Norway - **Latest funding round:** seed extension · USD 7m Dec 2023 [fiatrepublic.com ↗](https://fiatrepublic.com/blog/seed-extension-release) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) - **Chief executive:** Adam Bialy Founder & CEO (Fiat Republic group) Confirmed 10 Jun 2026 · [uk.linkedin.com ↗](https://uk.linkedin.com/company/fiatrepublic) - **Compliance / MLRO:** Paula Steiner Co-founder & Chief Compliance Officer (Fiat Republic group) Confirmed 10 Jun 2026 · [uk.linkedin.com ↗](https://uk.linkedin.com/company/fiatrepublic) - **Compliance / MLRO:** Iva Stojanović Head of European Compliance Confirmed 10 Jun 2026 · [uk.linkedin.com ↗](https://uk.linkedin.com/company/fiatrepublic) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiat-republic-netherlands-b-v-c74c69f778a8#overview-sources) 1. Aug 2025 Other The firm launched its ENEUR and ENGBP e-money tokens for members of its EagleNet network. [fiatrepublic.com ↗](https://fiatrepublic.com/fiat-republic-becomes-one-of-the-first-players-in-europe-to-offer-regulated-custody-and-administration-of-its-own-e-money-tokens/) 2. Aug 2025 Licence The AFM authorised the firm under MiCA to provide custody, administration and transfer services for crypto-assets. [amf-france.org ↗](https://www.amf-france.org/en/warnings/white-lists/daspcasp/fiat-republic-netherlands-bv) 3. Dec 2023 Funding The Fiat Republic group raised USD 7 million in a seed extension round, with Kraken Ventures, Fabric Ventures, Arca and Inovo Ventures investing for the first time. [fiatrepublic.com ↗](https://fiatrepublic.com/blog/seed-extension-release) 4. Dec 2023 Licence DNB granted the firm an electronic money institution licence under relation number R190553. [dnb.nl ↗](https://www.dnb.nl/en/public-register/information-detail/?registerCode=WFTEG&relationNumber=R190553) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source. ## Identifiers - **Licence no. · EBA-PSD2:** R190553 - **Licence no. · ESMA-CASP:** 724500GVWT7QULV8CR59 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [724500GVWT7QULV8CR59 ↗](https://search.gleif.org/#/record/724500GVWT7QULV8CR59) - **How the LEI was matched:** Published by the register - **Elucidate firm ID:** c74c69f778a8 ## Profile - **Type:** Payments & e-money · Crypto - **Regulation:** Prudential licence - **Main licence class:** Crypto-Asset Service Provider - **Activities:** - Payment services - Card acquiring - E-money / stored value - Crypto-assets - **Licensed in:** [Netherlands](https://elucidate.co/directory/country/nl) · Europe & Central Asia - **First registered:** 2023-12-11 - **Website:** [fiatrepublic.com ↗](https://fiatrepublic.com/) Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. ## Ownership and group GLEIF relationship records - **Direct parent:** Fiat Republic LTD · United Kingdom[64888DH251UYC5Y8J479 ↗](https://search.gleif.org/#/record/64888DH251UYC5Y8J479) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** Strawinskylaan 4117 - room 05-116 - 1077 ZX Amsterdam - The Netherlands, AMSTERDAM, 1077ZX - **Country:** Netherlands ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in two address lines ```xml 724500GVWT7QULV8CR59 Fiat Republic Netherlands B.V. 1077ZX AMSTERDAM NL Strawinskylaan 4117 - room 05-116 - 1077 ZX Amsterdam - The Netherlands ``` - The address line repeats the town or postcode. Remove the repeat if your payment system rejects it. CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Other payments & e-money institutions in the Netherlands - [Embed B.V. No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R190510 (EBA-PSD2) · LEI 7245008QNCN73DRH1D55](https://elucidate.co/directory/embed-b-v-3350e86f06a8) - [GoCredible B.V. · trading as GoCredible Payment Services/Autobetaalservice/GoCredible Smart Contracts/GoCredible Smart Contracts Betaalservice/GoCredible Conditional Payments/Conditional Payments/GoCredible Conditioneel Betalen/Conditioneel Betalen/SmartP/SplitP/GoCredible B.V. No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R130345 (EBA-PSD2) · LEI 724500VLAROLGLLIRF88](https://elucidate.co/directory/gocredible-b-v-383f3f77aa81) - [Mollie B.V. No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · F0038 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/mollie-b-v-c621e78ce9dd) - [Taxameter Centrale B.V. · trading as TMC/Htmc/Eltra Parkeergroep/Taxameter Centrale B.V./Payflux Payment Service Provider No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R102815 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/taxameter-centrale-b-v-41bea341d98b) - [World First Netherlands B.V. BIC WOFTNL22 Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R161090 (EBA-PSD2) · LEI 549300KOOW3B2WK0K818](https://elucidate.co/directory/world-first-netherlands-b-v-woftnl22) - [Zebedee Europe B.V. No BIC Payments & e-money Crypto Prudential licence Netherlands · Licensed by The Netherlands Bank · R194916 (EBA-PSD2) · also on ESMA-CASP · LEI 724500B2I1LR33CAWG54](https://elucidate.co/directory/zebedee-europe-b-v-1d21b8061ba1) - [zerohash europe B.V. · trading as zerohash europe No BIC Payments & e-money Crypto Prudential licence Netherlands · Licensed by The Netherlands Bank · R193684 (EBA-PSD2) · also on ESMA-CASP · LEI 724500G7QSOMFR1GQA47](https://elucidate.co/directory/zerohash-europe-b-v-57fb2eb4b2a3) - [12Budget B.V. · trading as 12Budget B.V./Knip/Hypotheek24 No BIC Payments & e-money Prudential licence Netherlands · Licensed by The Netherlands Bank · R163138 (EBA-PSD2) · LEI 7245008GY6TO8ZMODB73](https://elucidate.co/directory/12budget-b-v-5fe3f9ac0a5b) [See all →](https://elucidate.co/directory/search?type=payments&cc=NL) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Registers for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) as at 25 September 2026 - **ESMA interim MiCA register of crypto-asset service providers**—European Securities and Markets Authority (ESMA) · [source ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.