A Polish company with a key license in the Netherlands. Cryptocurrency fintech is expanding in Europe

Ari10, a Poznań-based company operating on the cryptocurrency market, announced that it has obtained a MiCA license in the Netherlands. The decision of the local regulator (AFM) allows the Polish fintech to expand in all EU member states.

WEB3 Holding BV, part of the ARI10 group, has completed the licensing process that lasted over a year. As the company's representatives emphasize, compliance with the rigorous requirements of Dutch supervision is not only a matter of prestige, but above all a business “passport”. The MiCA (Markets in Crypto-Assets) regulation introduces a uniform standard for digital assets in Europe, placing emphasis on AML procedures and security of funds.

– MiCA is not a barrier, but a ticket to scaling your business. This verification gives our institutional partners confidence that we provide banking-grade financial solutions – comments Mateusz Kara, CEO of Ari10.

Strategy of the Polish company: consolidation and direction to London

Obtaining a license is part of a broader strategy that Mateusz Kara talked about at the end of last year in an interview for Bankier.pl. The company's president predicts that new EU regulations will force the market to be professionalized and eliminate entities that cannot bear the costs of compliance from the game. Ari10 intends to use this moment to consolidate the market in the CEE region through mergers and acquisitions.

The next step in the group's development is to be the holding's stock exchange debut, planned on the London Stock Exchange. The company is targeting the British market, seeing it as a mature fintech hub that will allow for a higher valuation and access to institutional capital.

Ari10 emphasizes in its communication that it is shifting the burden of activity from the retail (investment) market to business payment services (B2B) and stablecoin support. In the management's opinion, the purely speculative crypto market “will not return to its former form” and the future lies in the payment infrastructure combining traditional finance with blockchain.

The numbers seem to confirm this direction. In 2025, Ari10 processed transactions worth PLN 1.2 billion (an increase of 35% y/y), currently serving over 940,000. users in 17 markets. The Dutch license will now enable the company to expand its offer to large financial institutions and merchants throughout Europe.

Problems of Polish companies from the cryptocurrency industry

According to the latest position of the Polish Financial Supervision Authority, the Polish crypto-asset industry is “in the waiting room for liquidation”. Due to the political conflict, the act adapting Polish law to the MiCA regulation has not yet entered into force. The Crypto-Asset Market Act was vetoed by the president for the second time last week. As assessed by prof. Krzysztof Piech, the most likely scenario for the development of the situation is further delay and lack of regulations.

The clock is ticking inexorably – the transition period ends on July 1, 2026. The Polish Financial Supervision Authority warns that without the entry into force of national regulations, the Polish supervisory authority will remain a “ghost” authority, unable to license companies. As a result, domestic entities operating so far under entry in the register will lose the ability to legally provide services from one day to the next.

A market paradox arises: Poland will become an open market for foreign entities with an EU passport (such as Ari10 with a Dutch license or XTB with a Cypriot license), while closing it to local companies that have no chance of obtaining authorization in the country. In this situation, the only salvation for Polish crypto-businesses is legal emigration to other EU jurisdictions. Our companies are sought by, among others: Czech Republic, Lithuania and Slovakia, and recently Latvia has been particularly active.

MM

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