Triple-A has chosen DFNS as its wallet infrastructure. And this spring, it secured what that infrastructure was built to support: authorization as a Crypto-Asset Service Provider under MiCA from the Autorité des Marchés Financiers, France’s markets regulator, with DFNS as the custody technology and control backbone behind the application. A license application is, among other things, an infrastructure audit. This one passed in one of Europe’s most demanding jurisdictions.
Triple-A, licensed crypto payments at global scale
Triple-A is the stablecoin payments company for enterprises, founded by Eric Barbier and headquartered in Singapore. Its platform lets businesses collect, settle, and send payments in stablecoins with fiat simplicity: acceptance and payouts, with KYC and KYB, sanctions screening, Travel Rule compliance, and transaction monitoring handled entirely by Triple-A, so clients face one regulated counterparty rather than a compliance project.
What sets Triple-A apart is that it chose the hard road first: licenses before scale. It holds a Major Payment Institution license from the Monetary Authority of Singapore, money transmitter licenses across 19 US states, a Money Services Business registration in Canada, and, in Europe, a French Payment Institution license alongside its new CASP authorization. That European combination is nearly unique. To date, only 19 firms have received CASP authorization from the AMF, and only two hold both a Payment Institution and a CASP license. Triple-A is one of them, able to offer stablecoin payment services and local currency operations under a single regulated European footprint spanning all 30 EU and EEA member states.
The license, and the deadline behind it
The timing matters as much as the authorization. France’s transitional regime for legacy digital asset registrations expired on July 1, 2026. From that date, only MiCA-authorized CASPs can provide crypto-asset services in the country. Triple-A, which had held a French DASP registration since before MiCA came into force, crossed to full CASP authorization ahead of the cutoff, so its regulated services continue across the EU without a day of interruption. In a market where many providers were still racing the deadline, that is the difference between a compliance posture and a compliance strategy.
Where DFNS fit in
A CASP application is not won by paperwork alone. Behind the legal filings, the regulator examines the machinery: how client crypto-assets are safeguarded and segregated, how keys are protected, who can authorize a movement and under what controls, how the firm would evidence any action after the fact, and whether the ICT foundation meets the resilience bar Europe now sets under DORA. Those are infrastructure questions, and the answers Triple-A gave run on DFNS.
DFNS’ core banking technology for digital assets provides exactly the properties an application like Triple-A must demonstrate. Keys protected by MPC infrastructure and never assembled in one place, with zero breaches and zero key losses since 2020. Wallet structures that segregate client assets by design. A Policy Engine enforcing approval quorums, limits, allowlists, and roles below the API, so controls hold even if credentials are compromised. A complete, cryptographically signed audit trail behind every action. And a certification posture, SOC 2 Type II and ISO 27001, 27017, and 27018, audited by KPMG, that slots directly into a regulator’s due diligence. DFNS operates strictly as a technology provider, which keeps custody and control inside Triple-A’s own regulatory perimeter, precisely where the AMF expects to find it.
The license is Triple-A’s achievement, earned by its compliance and legal teams. What infrastructure determines is whether the answers in the application hold up under inspection. On DFNS, they do.
What DFNS runs day to day
Beyond the application, DFNS is the operating layer under Triple-A’s payments business: wallets provisioned programmatically at payments scale, transaction lifecycle management across the networks and stablecoins its flows run on, treasury tooling for balances and liquidity, screening and Travel Rule integrations in the execution path, and real-time webhooks feeding reconciliation. It is the same infrastructure profile that payment companies like Bridge, now part of Stripe, and Iron, now part of MoonPay, have run at near-zero failure rates, because for a payments company, a failed transaction is not a retry, it is a lost customer.
A pattern major regulators will recognize
Triple-A joins a lineage. Deblock, the first CASP authorized by the AMF under MiCA, runs on DFNS. So does Coinhouse, France’s longest-standing registered digital asset platform. When Europe’s most demanding supervisor looks under the hood of a serious crypto payments or custody application, it increasingly finds the same operating layer: accounts, controls, and evidence, built to the standard the license demands. That is what a core banking platform for digital assets is for, and we are proud it now carries Triple-A across all thirty markets of the EU and EEA.
Get started
- Build on DFNS onchain core banking: app.dfns.io/get-started
- Explore the platform and documentation: docs.dfns.co
- Talk to our team: sales@dfns.co