RULEMATCH Europe receives MiCA trading platform license to serve regulated institutions and their institutional clients
03 June 2026
2min read
Vaduz, Liechtenstein; 3 June 2026 – RULEMATCH today announces that it has received Markets in Crypto Assets (MiCA) authorization from the Financial Market Authority (FMA) in Liechtenstein to operate a trading platform for crypto-assets. For its Europe-focused crypto trading, clearing, and settlement venue, RULEMATCH is now enabling the onboarding of participants from the European Economic Area (EEA) through its Vaduz-based entity, RULEMATCH Europe AG.
The MiCA exchange with post-trade clearing and settlement
Through RULEMATCH Europe, financial institutions operating under MiCA, as well as their institutional clients, will be able to access firm and consistent liquidity in a multi-dealer market setup. In addition, they benefit from the security and capital efficiency of flexible post-trade clearing and settlement without pre-funding.
As a pure market operator, the exchange offers non-discretionary trading and never acts as a counterparty or market maker. Trading will commence with a Request-for-Quote (RFQ) model with multiple market makers who provide firm quotes without last look. This allows participants to place one trade request and receive multiple quotes to choose from.
The Nasdaq trading technology that powers the exchange allows participants to trade crypto-assets with the same speed, security and market integrity as they do in traditional financial markets.
Participants have the option to set custom settlement cycles – whether intraday, T+1 or bespoke. Settlement is carried out with simultaneous Delivery vs Payment (DvP) to eliminate counterparty risk.
“Our newly licensed RULEMATCH Europe exchange serves MiCA institutions who want to trade crypto-assets at scale, knowing that they fulfill the demanding regulatory requirements they are increasingly faced with,” RULEMATCH Europe CEO David Riegelnig commented.
Ready for MiCA institutions
As a MiCA-licensed trading platform, RULEMATCH Europe is purpose-built for banks, investment firms and financial institutions that operate crypto services in Europe.
Orders are not routed for execution outside the European Economic Area (EEA).
RULEMATCH enables participants to submit all order-related data fields prescribed by MiCA directly alongside each order, and provides efficient management of the relevant short codes. By maintaining these records in full conformity with applicable requirements and making them available to participants in structured format, RULEMATCH delivers a reliable, audit-ready data foundation that meaningfully reduces their own recordkeeping burden.
Participants can thereby leverage this data to support their MiCA surveillance, market abuse reporting, and best execution obligations – turning regulatory complexity into operational efficiency.
All transactions involving crypto-assets are screened with a leading blockchain analytics tool for AML and sanctions purposes, protecting participants from tainted crypto-assets.
RULEMATCH fully covers participants’ inbound and outbound Travel Rule obligations via API, ensuring seamless collection, verification, and transmission of originator and beneficiary data for every crypto-asset transfer. This includes support for participants holding their wallets with third-party custodians.
Assets are kept off the balance sheet of RULEMATCH Europe at all times. Fiat funds remain in separate fiduciary accounts with the exchange’s partner bank, while crypto-assets are held on bankruptcy-remote, full segregated crypto-asset wallets.
About RULEMATCH Europe
RULEMATCH Europe AG operates a trading platform for crypto-assets under a MiCA license granted by the Financial Market Authority (“FMA”) in Liechtenstein. In addition, the license includes the providing of custody and administration of crypto-assets on behalf of clients as well as the providing of transfer services for crypto-assets on behalf of clients.
The RULEMATCH Europe participant network is open to banks and investment firms as well as other MiCA-licensed institutions.
RULEMATCH Europe AG is a wholly owned subsidiary of RULEMATCH AG based in Zurich, Switzerland.
Please note: You are accessing RULEMATCH Europe Crypto
RULEMATCH Europe Crypto
A market operated by RULEMATCH Europe AG, a crypto-asset service provider authorized under MiCAR and supervised by the Financial Market Authority (FMA) Liechtenstein, offering trading, clearing and settlement to institutional market participants.
Jurisdictional restrictions
Disclaimer – Important information
This website, including all subpages and the information contained herein (the “Website”), is intended solely for persons located within the European Economic Area (EEA) and in any other jurisdictions where RULEMATCH Europe AG (“RULEMATCH”) may lawfully provide its services.
The crypto-asset services described on this Website are provided by RULEMATCH, a crypto-asset service provider (CASP) authorized in Liechtenstein under Regulation (EU) 2023/1114 of the European Parliament and of the Council on markets in crypto-assets (MiCAR).
The services described on this Website are subject to applicable legal and regulatory restrictions and may not be available in all jurisdictions or to all persons.
These services are not directed at, and may not be offered or provided to, persons in jurisdictions where such offering or provision would be unlawful under applicable law or regulation.
Nothing on this Website constitutes an offer, invitation, recommendation or solicitation to buy, sell or otherwise transact in crypto-assets in any jurisdiction where such activity would be unlawful.
RULEMATCH assumes no responsibility or liability for access to, or use of, the information contained herein by persons from jurisdictions where such access or use would be unlawful.
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