XION Becomes the First Layer 1 Blockchain Compliant with the EU's Markets in Crypto-Assets Regulation (MiCA)

New York City, March 13, 2025 — XION, a walletless blockchain aiming to bridge Web2 and Web3, has now officially met the regulatory requirements of the European Union, becoming the first L1 blockchain to publish a MiCA (Markets in Crypto-Assets Regulation) whitepaper on the mainnet. This compliance milestone demonstrates XION's strong commitment to providing a more convenient way for institutions and individuals to use and adopt digital assets.

MiCA Title II officially came into effect in December 2024, establishing strict compliance standards for crypto asset issuers, offerors within the European Union, and entities seeking market access. As part of the latter, XION ensures its ecosystem complies with regulatory requirements to offer services in a transparent and compliant manner, thereby enhancing the trust of institutional and individual users in the EU region.

"Releasing the MiCA whitepaper is a key step in our broader institutional strategy," said Burnt Banksy, founder of XION. "By adhering to the evolving regulatory framework of the EU, XION ensures that both institutions and users can access the ecosystem in a compliant manner, laying the foundation for broader adoption of Web3."

Compliance Milestone Driving Mass Adoption of Web3

This compliance breakthrough signifies a crucial step for XION in making Web3 more accessible. Through protocol-level innovations such as Generalized Abstraction, Meta-Accounts, Signature Abstraction, and Parameterized Fee Layers, XION significantly lowers the barriers to blockchain usage, providing infrastructural support for mainstream adoption of Web3 applications.

With MiCA compliance, institutional users in the EU region can seamlessly access XION, enjoying a Web3 blockchain that combines compliance transparency with user-friendly experiences. Currently, the XION ecosystem has attracted several well-known brands, utilizing its technology to create a frictionless Web3 interactive experience, further solidifying its position as an industry pioneer and driving Web3 to reach all internet users.

As XION continues to advance institutionalization and regulatory compliance, MiCA certification will lay the groundwork for future ecosystem expansion and broader market access.

About XION

XION is the world's first "walletless" Layer 1 blockchain, dedicated to making Web3 accessible to all. Through Generalized Abstraction, XION eliminates crypto complexities, simplifying issues such as wallet management, private key storage, multi-device use, gas fees, and more. By removing the barriers to entry for Web3, XION accelerates the mainstream adoption of Web3, making blockchain technology more user-friendly and benefiting a broader range of users and developers.

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