EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Belayer licensed under MiCA in the European Union?
Belayer's European entity (Belayer ООD) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Bulgaria on 28 April 2026.
Verdict: Belayer appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Belayer ООD |
|---|---|
| Home Member State | Bulgaria |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | None |
| Authorised services | Custody, Order execution, Portfolio management on crypto-assets |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Belayer
Belayer is a professional crypto-asset management and custody firm based in Sofia, Bulgaria, rather than a consumer crypto exchange, bank or broker. It offers discretionary, mandate-based management of multi-asset crypto portfolios built around a client's investment profile, objectives and risk tolerance, with onboarding that includes a questionnaire, KYC/AML checks and a signed contract. Belayer markets two standardised strategies: Belayer Apex (BAX), a growth-oriented portfolio of up to roughly 15 crypto positions, and Belayer Anchor Yield (BAY), a lower-volatility strategy using DeFi protocols on stablecoins. According to the research, the firm was founded in 2017 and is operated by Anastas Mateev and Valentin Dimitrov. Sources: belayer.bg, Enterprise League company profile
Because this is an institutional managed-account model rather than a retail product, the research indicates Belayer does not offer spot trading, savings or DCA, staking, payment cards, or EUR/SEPA fiat on-ramps for public users. Clients instead receive transfer instructions and have their portfolios managed, rebalanced and reported on under the agreed mandate. Source: belayer.bg
On the legal point, the contracting entity is Belayer OOD, supervised by Bulgaria's Financial Supervision Commission (FSC). The firm's website states it is licensed by the FSC as a crypto-asset service provider under MiCA, citing Licence No. 001-DUKA dated 7 May 2026, and Belayer describes itself as Bulgaria's first fully crypto-focused licensed CASP. Under the EU's MiCA framework, its authorisation covers custody and administration of crypto-assets, execution of orders, and portfolio management of crypto-assets. The licence does not extend to MiCA services Belayer is not authorised for, such as operating a trading platform, exchanging crypto-assets for funds or other crypto-assets, or transfer and advisory services, and it does not cover EUR/SEPA fiat payment services. Prospective clients should confirm the current entry on the FSC register before relying on this status. Sources: FSC register of licensed CASPs, Belayer MiCA licence announcement
Which crypto services is Belayer authorised to offer in the EU?
Under its MiCA authorisation issued by Bulgaria, Belayer (Belayer ООD) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Providing custody and administration of crypto-assets on behalf of clients
The exchange holds your crypto in its own wallets. Authorisation here means MiCA's segregation and insurance rules apply: client crypto-assets must be ring-fenced from the exchange's own funds.
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Execution of orders for crypto-assets on behalf of clients
The exchange can place orders for you on third-party venues (smart-routing). Less common in retail crypto; relevant for brokerage-style services.
Which services is Belayer not authorised to offer?
Belayer's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Belayer under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
What does this mean for users of Belayer in the EU?
If you transact through Belayer's EEA-authorised entity (Belayer ООD), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in Belayer's terms of service that your contracting entity is Belayer ООD, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Belayer?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind Belayer's entry on the register:
Frequently asked questions about Belayer and MiCA
Is Belayer licensed under MiCA?
Yes. Belayer appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Bulgaria.
Which EU countries can Belayer serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on Belayer protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in Belayer's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to Belayer's entry is on this page under 'Sources'.
Sources
This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.