France · Crypto
Relai EU Sasu
Trading asRELAI
Legal name in the LEI recordRELAI EU
Relai EU SASU is a French simplified joint-stock company with one shareholder (SASU) based in Paris. The Autorité des marchés financiers (AMF) authorises it as a crypto-asset service provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), licence A2025-006, for exchanging crypto-assets for funds. It is the EU subsidiary of the Swiss Relai group, and GLEIF records Relai Holding AG of Zurich as its direct parent. Under the Relai brand it buys and sells bitcoin only, for euros, to consumers and businesses in the EU, and delivers the bitcoin to wallets that customers control themselves. EU and EEA users were moved to it from the Swiss Relai AG from February 2026.
Licences and registrations
Held by Relai EU Sasu (LEI 9695003EKRFOMYXJQL11). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| ESMA interim MiCA register of crypto-asset service providersAutorité des Marchés Financiers (AMF) | Crypto-asset service providerCrypto-Asset Service Provider | 9695003EKRFOMYXJQL11 | France | Active | 2025-10-23 | — |
|
Search the register ↗ |
Trading names on the register: RELAI (ESMA-CASP)
- 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
Employees
Not published
Ownership
Group subsidiary
100% Relai Holding AG
Firm type
Crypto exchange or broker
Trades as Relai
- Ownership
- Relai Holding AG of Zurich is the firm's direct and ultimate parent according to its Legal Entity Identifier (LEI) record. As a SASU, the firm has a single shareholder.
- Direct parent
- Relai Holding AG ↗, Switzerland 100%
- Head office
- 61 Rue de Lyon, 75012 Paris, France
- Company register
- RCS Paris 934 814 062
- Founders
- Julian Liniger · Adem Bilican
Online
- Websites & references
- relai.app ↗
support.relai.app ↗ help centre - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗ · YouTube ↗ · WhatsApp channel ↗
Sources · 10 pages consulted
- amf-france.org/en/warnings/white-lists/casp/relai-eu-sasu
- relai.app/
- relai.app/legal-notice/
- relai.app/terms-and-conditions-eu/
- relai.app/privacy-policy-eu/
- relai.app/blog/relai-seven-figure-funding-round/
- relai.app/blog/we-secured-the-mica-license-from-the-french-financial-markets-authority/
- prnewswire.com/news-releases/relai-lapplication-suisse-de-bitcoins-acquiert-une-licence-mica-en-france-3
- theblock.co/post/330146/bitcoin-investment-app-relai-funding-valuation
- lb.lt/en/sfi-financial-market-participants/relai-eu-sasu
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The AMF authorises the firm as a crypto-asset service provider under MiCA (licence A2025-006), for the exchange of crypto-assets for funds. According to its terms, the firm does not issue electronic money or provide fiat payment services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Autorité des marchés financiers (AMF) France | Licensed MICA crypto-asset service provider (CASP): exchange of crypto-assets for funds | A2025-006 | In its own name | Active | amf-france.org ↗ |
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
- Safeguarding
- Not disclosedAccording to its terms, the firm holds no customer bitcoin. Bitcoin goes to self-custodial wallets whose keys only the customer holds. Customer euros are paid into the firm's designated bank account until orders settle. The firm does not name that bank or say how the funds are protected.
- Crypto-asset custody
- Non-custodial: customers hold their own keysThe firm sells bitcoin to customers from its own reserves, and buys bitcoin from them, acting as principal. The bitcoin is delivered to a self-custodial wallet on the customer's device or to a whitelisted external wallet. According to its terms, the firm never has access to customers' private keys or recovery phrases.
- Payment schemes and card networks
- SEPA Instant Credit Transfer Access not stated relai.app ↗
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
Relai buys and sells bitcoin only, against euros, through the Relai mobile and web apps. Customers can buy once or set up a recurring savings plan, paying by instant SEPA transfer or by card, Apple Pay or Google Pay. The bitcoin goes to a self-custodial wallet on the customer's phone or to an external wallet. Relai Private serves individuals buying larger amounts, and Relai Business serves legal entities registered in the EEA.
The firm serves customers in the European Union under its French MiCA licence. According to Relai, it is extending its services to other EU member states as passporting notifications are completed. Customers in Switzerland and Liechtenstein are served by the sister company Relai AG.
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in
- France
- Latest funding round
- Undisclosed Sep 2026
- Total raised
- USD 20m to Dec 2024 · theblock.co ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Adem Bilican Chairman (Président)
- Chair
- Jean Guillaume Chairman of the Supervisory Board (Comité de surveillance)
- Chief financial officer
- Thomas Jeegers Managing Director (Directeur Général), CFO & COO
- Executive
- Imrich Babics Managing Director (Directeur Général), CMO & CGO
Recent events
Researched 29 Sep 2026 · Sources
-
Funding
The Relai group announced a seven-figure funding round at a USD 90 million valuation, including existing venture capital investors.
relai.app ↗ -
Other
Relai AG transferred its EU and EEA users to Relai EU SASU to comply with MiCA, effective 1 February 2026.
relai.app ↗ -
Licence
The AMF authorised the firm as a crypto-asset service provider under MiCA, licence A2025-006, on 23 October 2025.
amf-france.org ↗ -
Funding
The Relai group raised USD 12 million in a Series A round led by Ego Death Capital.
theblock.co ↗
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. · ESMA-CASP
- 9695003EKRFOMYXJQL11
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Published by the register
- Elucidate firm ID
- d59d7816ebe2
Profile
- Type
- CryptoCrypto-asset service providers, virtual-asset trading platforms and stablecoin issuers. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Crypto-Asset Service Provider
- Activities
- Crypto-assets
- Licensed in
- France · Europe & Central Asia
- First registered
- 2025-10-23
- Website
- relai.app ↗
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
- Relai Holding AG · Switzerland506700779F8TCV640352 ↗
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- 61 rue de Lyon - 75012 Paris, France
- Country
- France
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
- Incomplete: no town published
- The register publishes no town as a separate field. A CBPR+ postal address needs at least a town name (TwnNm) and a country (Ctry).
The LEI record in GLEIF holds a structured legal address.
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.
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 →Register for this page
- ESMA interim MiCA register of crypto-asset service providers—European Securities and Markets Authority (ESMA) · source ↗ 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) is an independent score of the financial crime risk of banks and payment institutions.
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