Plasma acquires VASP license through Italian firm acquisition, opens new office to expand EU stablecoin payments

Plasma, a blockchain company specializing in stablecoin networks, announced a significant expansion into Europe to provide regulated payment services. The company announced Thursday that it has acquired an entity in Italy with a Virtual Asset Service Provider (VASP) license, enabling it to legally process cryptocurrency transactions and provide custody of assets in the region. As part of its EU expansion, the company will open a new office in Amsterdam, the Netherlands, and has appointed a Chief Compliance Officer and an Anti-Money Laundering Reporting Officer. Plasma did not disclose the name of the acquired entity, and a spokesperson did not immediately respond to a request for comment.