EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is Twino licensed under MiCA in the European Union?
Twino's European entity (AS TWINO Investments) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Latvia on 4 June 2026.
Verdict: Twino appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | AS TWINO Investments |
|---|---|
| Home Member State | Latvia |
| National Competent Authority | |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 984500856AF4DF5FAT57 |
| Authorised services | Custody, Exchange for funds, Exchange for crypto, Order execution |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About Twino
Twino is the brand of AS TWINO Investments, a Latvia-based regulated investment firm rather than a consumer crypto exchange. Its core business is an alternative-investment platform for asset-backed securities (ABS): it offers fixed-term "Loan Securities" with terms of 3, 6 or 12 months and a more liquid product called FLEXI. TWINO states it has more than 10 years of experience, over 22,000 registered investors and more than €1.2B in funded loans, and that it is supervised by Latvijas Banka (the central bank of Latvia) under investment-firm licence No. 27-55/2025/7. Source: twino.eu
On the MiCA question, AS TWINO Investments has been separately authorised by Latvijas Banka, its national competent authority, to provide crypto-asset services under the EU Markets in Crypto-Assets Regulation. The authorisation covers custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, and execution of orders for crypto-assets on behalf of clients. According to Latvijas Banka, it is among the entities in Latvia to have obtained this right. Sources: Latvijas Banka, TWINO MiCA announcement
The contracting legal entity for these services is AS TWINO Investments, headquartered in Riga, Latvia. It is important to distinguish what the MiCA licence covers from what it does not: the authorisation is for the four crypto services above (custody, the two exchange permissions and order execution). It does not, on the basis of the available data, extend to MiCA services such as advice, portfolio management, reception and transmission of orders, transfer services, or placing of crypto-assets, and the research does not indicate consumer features such as crypto savings/DCA plans, staking or a crypto card. Anyone evaluating Twino should note that its primary, long-running activity remains regulated investment in asset-backed securities, with the crypto-asset services being a more recent, separately authorised addition. Sources: twino.eu, Latvijas Banka
Which crypto services is Twino authorised to offer in the EU?
Under its MiCA authorisation issued by Latvia, Twino (AS TWINO Investments) 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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Exchange of crypto-assets for funds
The exchange offers crypto-to-fiat (e.g. BTC to EUR) and fiat-to-crypto conversion. Authorisation here implies MiCA's pricing transparency requirements.
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Exchange of crypto-assets for other crypto-assets
The exchange offers crypto-to-crypto trading (e.g. BTC to ETH). Required for most spot trading pairs not denominated in fiat.
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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 Twino not authorised to offer?
Twino's MiCA licence does not cover: Trading platform, Placing, Order R&T, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by Twino 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 Twino in the EU?
If you transact through Twino's EEA-authorised entity (AS TWINO Investments), 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 Twino's terms of service that your contracting entity is AS TWINO Investments, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to Twino?
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 Twino's entry on the register:
Frequently asked questions about Twino and MiCA
Is Twino licensed under MiCA?
Yes. Twino appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Latvia.
Which EU countries can Twino 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 Twino 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 Twino'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 Twino'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.