XION, a walletless blockchain bridging Web2 and Web3, has officially complied with European Union regulations, making it the first Layer 1 blockchain on mainnet to publish a Markets in Crypto-Assets (MiCA) whitepaper. This move underscores XION’s commitment to regulatory transparency and ease of access for both institutions and individuals engaging with digital assets.
Aligning with EU Regulatory Standards
With Title II of MiCA coming into full effect in December 2024, strict guidelines now govern issuers, offerors, and those seeking to trade crypto-assets within the EU. XION falls under this category and has ensured compliance to facilitate seamless access to its ecosystem. By meeting these regulatory requirements, XION provides a secure and transparent blockchain environment for users in the European market.
A Key Step Toward Institutional Adoption
“The release of a MiCA whitepaper is a key step in a broader institutional strategy,” stated Burnt Banksy, Founder of XION. “By adhering to the EU’s evolving regulatory landscape, it ensures that institutions and users can both gain access to XION in a compliant manner, strengthening the foundation for broader adoption of Web3.”
This achievement is part of XION’s larger mission to simplify Web3 for mainstream users. Through its protocol-level innovations—including Generalized Abstraction, Meta Accounts, Signature Abstraction, and a Parameterized Fee Layer—XION eliminates blockchain complexities, paving the way for effortless adoption of Web3 applications.
Expanding Web3 Access with Regulatory Clarity
EU institutions can now access XION’s blockchain with confidence, benefiting from a user-friendly and regulation-compliant platform. Major brands have already integrated XION’s technology to enable seamless Web3 interactions, further reinforcing its position as a leader in bridging traditional internet use with blockchain innovation.
As XION continues its focus on institutional and regulatory advancements, achieving MiCA compliance marks a crucial step toward wider adoption. For further details, the XION crypto-asset whitepaper is available for reference.
About XION
XION is the first walletless Layer 1 blockchain designed to make Web3 accessible to all users. By leveraging Generalized Abstraction, it removes common blockchain barriers such as wallets, private keys, multi-device limitations, and gas fees. XION’s mission is to accelerate mainstream adoption by simplifying blockchain technology for both users and developers.
