Noah says it won EU crypto and payment licences in one and two months

The timeline is Noah's own. The company reported that the payment institution licence took around one month and the CASP licence around two ^[10], and neither write-up says which national authority granted them or when Noah filed. A clock that starts at filing and one that starts at the first meeting with a regulator give different answers, and a long pre-filing phase would make "two months" a much shorter number than the effort behind it. From a single licensee that is one data point, and we would not stretch it to a sector pace.

The customer-side claim is Noah's too. According to the company, as The Paypers reported it, customers can use a single regulated counterparty instead of assembling local banking arrangements or holding authorisations of their own ^[11]. The compliance work moves to Noah, which handles regulatory requirements for clients while they submit KYC and KYB information once ^[13]. A customer that launches in weeks ^[14] is launching on licences Noah needed roughly one and two months to win ^[10], on top of a US and Canadian base ^[3] and more than 40 approvals in all ^[4].

Further licensing is funded, or rather partly funded, from seed money. The $16 million extension announced on 7 October brought total seed funding to $38 million ^[5], so seed funding before it was $22 million ^[8] and the extension is about 42% of the total ^[9]. Noah said part of the capital would support regulatory expansion ^[5]; the company did not say how much. Revenue is up 538% year to date against the same period of 2025 ^[12], or 6.38 times the earlier figure ^[15], and with no base disclosed that multiple could describe a small number growing fast.

Noah's chief executive Shah Ramezani said, "We made a bold call early: get licensed in the toughest, largest markets first." ^[7] Whether the call pays depends on customers, and the evidence so far is a count of more than 150 new customers in 2026 ^[12] and a multiple without a base. The reading that stablecoin providers in general can now get EU-wide status this fast fails if other MiCA CASP applicants report timelines well beyond two months. Noah's pace would then belong to Noah alone. The company is UK-based ^[6], which makes a faster-than-expected EU authorisation a fact about this applicant until a second one shows the same.