EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Tesseract licensed under MiCA in the European Union?
Tesseract's European entity (Tesseract Investment Oy) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Finland on 12 September 2025.
Verdict: Tesseract appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | Tesseract Investment Oy |
|---|---|
| Home Member State | Finland |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 743700GULNWPBLJ7A022 |
| Authorised services | Custody |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Tesseract
Tesseract is an institutional digital-asset business operated from Helsinki, Finland, not a retail consumer crypto exchange, bank or savings app. The contracting legal entity for its regulated activity is Tesseract Investment Oy, which states it has been operating since 2018 through multiple market cycles. The firm runs two products aimed at professional clients such as hedge funds, trading platforms and market makers: 'Vaults', described as discretionary on-chain portfolio management with a separate mandate per client, and 'Lending', an institutional counterparty lending book. Tesseract states the lending side is operated by a separate Finnish-registered entity, Tesseract Earn Oy. Sources: tesseract.fi, Finextra
On the legal point, Tesseract Investment Oy is authorised under the EU Markets in Crypto-Assets Regulation (MiCA) as a Crypto-Asset Service Provider, supervised by Finland's Finanssivalvonta (FIN-FSA). In the ESMA register data, the MiCA authorisation recorded for this entity covers the crypto-asset service of Custody (custody and administration of crypto-assets on behalf of clients). The authorisation is therefore a genuine national MiCA CASP licence held in Finland and passportable across the EU, rather than a registration in another member state. Sources: tesseract.fi, Tesseract news
What the licence does not do is make Tesseract a retail product. The research indicates the firm does not offer spot trading, a payment card, individual staking or consumer savings accounts; its offering is multi-asset institutional yield, credit and discretionary portfolio management, with EUR/SEPA support for clients in the EU. Tesseract describes itself as MiCA-authorised for discretionary portfolio management of crypto-assets and reports security credentials including ISO 27001 certification and SOC 2 Type II auditing; these are the company's own statements rather than independently verified facts. Anyone relying on the licence should confirm the exact scope of authorised services and the responsible entity directly against the FIN-FSA and ESMA registers before transacting. Source: tesseract.fi
Which crypto services is Tesseract authorised to offer in the EU?
Under its MiCA authorisation issued by Finland, Tesseract (Tesseract Investment Oy) 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.
Which services is Tesseract not authorised to offer?
Tesseract's MiCA licence does not cover: Trading platform, Exchange for funds, Exchange for crypto, Order execution, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Tesseract 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 Tesseract in the EU?
If you transact through Tesseract's EEA-authorised entity (Tesseract Investment Oy), 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 Tesseract's terms of service that your contracting entity is Tesseract Investment Oy, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Tesseract?
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 Tesseract's entry on the register:
Frequently asked questions about Tesseract and MiCA
Is Tesseract licensed under MiCA?
Yes. Tesseract appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Finland.
Which EU countries can Tesseract 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 Tesseract 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 Tesseract'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 Tesseract'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.