EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is SwissBorg licensed under MiCA in the European Union?
SwissBorg's European entity (BlockNodes SAS) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by France on 5 March 2026.
Verdict: SwissBorg appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | BlockNodes SAS |
|---|---|
| Home Member State | France |
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 969500PZJWT3TD1SUI59 |
| Authorised services | Custody, Order execution, Placing, Portfolio management, Portfolio management on crypto-assets, Transfer services |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About SwissBorg
SwissBorg is a consumer crypto-asset platform built around an app for buying, selling and trading crypto. The company describes itself as an exchange aggregator rather than a single exchange, routing orders across multiple venues through a feature it calls its Smart Engine, and supporting EUR via SEPA among 11 currencies across 47 countries. According to the research, it was founded in 2017 and is headquartered in Geneva, Switzerland, with the product engineered in Switzerland. SwissBorg states it is 'Europe's #1 app for buying and selling crypto safely at low fees' and reports 915,800 verified users, 223,800 BORG holders and $945.6M in total user crypto-asset value - these are the company's own figures, not independently verified here. Source: SwissBorg
For users in the EU, the relevant point is which legal entity contracts and how it is regulated. The MiCA authorisation is held by BlockNodes SAS, a French entity, supervised by the Autorité des Marchés Financiers (AMF). The product app is operated by SBorg SA. BlockNodes SAS appears on the AMF's public white list of authorised crypto-asset service providers, which is the primary regulatory record for verifying its status. Sources: AMF white list - BlockNodes SAS, SwissBorg announcement
Under MiCA, the BlockNodes SAS authorisation covers a defined set of crypto-asset services: custody and administration of crypto-assets, execution of orders, placing of crypto-assets, portfolio management (including portfolio management on crypto-assets) and transfer services. A MiCA crypto-asset service authorisation is service-specific - it does not make the entity a bank, and it does not by itself cover services outside that list, such as e-money token or asset-referenced token issuance, which fall under separate parts of the regulation. Consumer-facing features the company markets, such as savings or yield, staking and a card, are commercial product offerings and are distinct from the regulated services named in the authorisation. Source: AMF white list - BlockNodes SAS
Which crypto services is SwissBorg authorised to offer in the EU?
Under its MiCA authorisation issued by Autorité des Marchés Financiers (AMF), SwissBorg (BlockNodes SAS) 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.
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Placing of crypto-assets
The exchange can underwrite or distribute new crypto-asset issuances. Relevant for primary offerings and structured token launches.
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Providing transfer services for crypto-assets on behalf of clients
The exchange can move crypto between addresses on your behalf, including off-platform withdrawals. The Travel Rule applies to these transfers.
Which services is SwissBorg not authorised to offer?
SwissBorg's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Order R&T, Advice, Portfolio mgmt. These services may still be offered by other authorised providers, or by SwissBorg 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:
Why is SwissBorg licensed in France?
France ran one of the EU's earliest national crypto regimes, the PACTE Law DASP (Digital Asset Service Provider) registration, which gave the AMF years of pre-MiCA supervisory experience. The AMF began granting MiCA CASP authorisations in 2025-2026 and also maintains a public white list of CASPs passporting into France from other EEA states. BlockNodes SAS, the French entity behind the SwissBorg consumer brand, received its direct MiCA authorisation from the AMF in March 2026. Source: Autorité des Marchés Financiers (AMF).
| National Competent Authority | Autorité des Marchés Financiers (AMF) |
|---|---|
| Investor compensation | Fonds de Garantie des Dépôts et de Résolution (FGDR); check directly with the AMF for crypto-asset-specific compensation scope. |
| Regulatory context | Early mover on national crypto licensing (PACTE Law) ahead of MiCA; the AMF also publishes a white list of EEA-passported CASPs. |
What does this mean for users of SwissBorg in the EU?
If you transact through SwissBorg's EEA-authorised entity (BlockNodes SAS), 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 SwissBorg's terms of service that your contracting entity is BlockNodes SAS, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to SwissBorg?
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 SwissBorg's entry on the register:
Frequently asked questions about SwissBorg and MiCA
Is SwissBorg licensed under MiCA?
Yes. SwissBorg appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of France.
Which EU countries can SwissBorg 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 SwissBorg 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 SwissBorg'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 SwissBorg's entry is on this page under 'Sources'.
Sources
- ESMA Register of Crypto-Asset Service Providers
- Autorité des Marchés Financiers (AMF)
- AMF France white list - BlockNodes SAS (MiCAR CASP authorisation)
- SwissBorg - SwissBorg secures MiCA approval from the French AMF (issuer-published, 12 March 2026)
- GLEIF LEI Record - BLOCKNODES (LEI 969500PZJWT3TD1SUI59)
- SwissBorg official website
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