New York City, March 13, 2025 – XION, a walletless blockchain dedicated to bridging Web2 and Web3, has now officially complied with EU regulatory requirements, becoming the first L1 blockchain to publish a MiCA (Markets in Crypto Asset Regulation) whitepaper on mainnet. This compliance demonstrates XION's strong commitment to making it easier for institutions and individuals to use and adopt digital assets.
MiCA Title II, which came into effect in December 2024, sets out strict compliance guidelines for cryptoasset issuers, offerors, and entities seeking trading access within the EU. XION acts as the latter, ensuring that its ecosystem meets regulatory requirements and provides services in a transparent and compliant manner, thereby enhancing the trust of institutions and individual users in the EU.
"The release of the MiCA white paper is a key step in our broader institutional strategy." "By following the EU's evolving regulatory framework, XION ensures that both institutions and users can access the ecosystem in a compliant manner, laying the foundation for wider adoption of Web3," said Burnt Banksy, founder of XION.
Compliance milestones driving Web3 mass adoption
This compliance breakthrough marks a key step in XION's commitment to making Web3 accessible. XION dramatically lowers the barrier to blockchain adoption through protocol-level innovations such as generic abstractions, meta-accounts, signature abstractions, and parameterized fee layers, providing infrastructure support for the mainstream adoption of Web3 applications.
With MiCA compliance, institutional users in the EU can seamlessly access XION and enjoy a Web3 blockchain that is compliant, transparent, and user-friendly. Today, the XION ecosystem has attracted many well-known brands to use its technology to create frictionless Web3 interactive experiences, further cementing its position as an industry pioneer and pushing Web3 to reach all Internet users.
As XION continues to advance institutionalization and regulatory compliance, MiCA certification will lay the foundation for future ecosystem expansion and broader market access.
About XION
XION is the world's first "walletless" Layer 1 blockchain dedicated to making Web3 accessible to everyone. With Generalized Abstraction, XION eliminates cryptographic complexity, simplifying wallet management, private key storage, multi-device usage, gas fees, and more. By removing barriers to entry for Web3, XION accelerates mainstream adoption of Web3 and makes blockchain technology more accessible to more users and developers.
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XION becomes the first Layer 1 blockchain to comply with the EU's Markets in Cryptoassets Regulation (MiCA).
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New York City, March 13, 2025 – XION, a walletless blockchain dedicated to bridging Web2 and Web3, has now officially complied with EU regulatory requirements, becoming the first L1 blockchain to publish a MiCA (Markets in Crypto Asset Regulation) whitepaper on mainnet. This compliance demonstrates XION's strong commitment to making it easier for institutions and individuals to use and adopt digital assets.
MiCA Title II, which came into effect in December 2024, sets out strict compliance guidelines for cryptoasset issuers, offerors, and entities seeking trading access within the EU. XION acts as the latter, ensuring that its ecosystem meets regulatory requirements and provides services in a transparent and compliant manner, thereby enhancing the trust of institutions and individual users in the EU.
"The release of the MiCA white paper is a key step in our broader institutional strategy." "By following the EU's evolving regulatory framework, XION ensures that both institutions and users can access the ecosystem in a compliant manner, laying the foundation for wider adoption of Web3," said Burnt Banksy, founder of XION.
Compliance milestones driving Web3 mass adoption
This compliance breakthrough marks a key step in XION's commitment to making Web3 accessible. XION dramatically lowers the barrier to blockchain adoption through protocol-level innovations such as generic abstractions, meta-accounts, signature abstractions, and parameterized fee layers, providing infrastructure support for the mainstream adoption of Web3 applications.
With MiCA compliance, institutional users in the EU can seamlessly access XION and enjoy a Web3 blockchain that is compliant, transparent, and user-friendly. Today, the XION ecosystem has attracted many well-known brands to use its technology to create frictionless Web3 interactive experiences, further cementing its position as an industry pioneer and pushing Web3 to reach all Internet users.
As XION continues to advance institutionalization and regulatory compliance, MiCA certification will lay the foundation for future ecosystem expansion and broader market access.
About XION
XION is the world's first "walletless" Layer 1 blockchain dedicated to making Web3 accessible to everyone. With Generalized Abstraction, XION eliminates cryptographic complexity, simplifying wallet management, private key storage, multi-device usage, gas fees, and more. By removing barriers to entry for Web3, XION accelerates mainstream adoption of Web3 and makes blockchain technology more accessible to more users and developers.
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