Finance & Reserve Infrastructure for Stablecoin Issuers

Issuing a stablecoin in the EU is a regulated banking-grade undertaking, not a token launch. Under MiCA, a single-currency stablecoin is an e-money token (EMT) — issuance requires an EMI or credit-institution licence plus a MiCA white paper — while a basket- or asset-referenced token is an asset-referenced token (ART), needing its own authorisation and higher prudential capital under Title III. The EMT and ART rules have applied since 30 June 2024. Following ESMA guidance of 17 January 2025, EU platforms restricted new purchases of non-MiCA-compliant stablecoins by the end of January 2025 and ran a sell-only window to the end of Q1 2025 (31 March 2025) so existing holders could exit — custody and transfer of those tokens remained available; this was supervisory guidance, not a statutory ban. HELMS builds the reserve and treasury infrastructure that sits underneath all of it.

What issuers actually have to get right — and where we help

Reserve management & 1:1 backing. Every authorised stablecoin must be fully backed by liquid reserves held in segregated accounts, with at least 30% (60% for significant EMTs) kept as deposits in credit institutions for liquidity. We design the reserve composition, segregation and the banking relationships that hold it.

Reserve accounting & NAV methodology. Daily reserve-to-tokens-in-circulation reconciliation, NAV methodology, and the attestation/audit-ready records supervisors and counterparties expect.

Redemption at par. The operational machinery to honour redemption at par on demand — the obligation that defines a credible issuer.

Authorisation route (EMT vs ART) & capital. We help you determine whether you're issuing an EMT or an ART, coordinate the EMI/credit-institution or ART authorisation path, and structure the capital and disclosure to meet MiCA's reserve, capital and white-paper requirements. Confirm your classification and exposure with the MiCA Exposure Checker.

Operational resilience (DORA). Issuers and the providers around them face DORA's ICT, incident-reporting and resilience obligations — see the DORA guide.

Why HELMS: reserve accounting, NAV methodology and issuer treasury controls structured to meet MiCA's reserve, capital and disclosure requirements — senior finance, treasury and regulatory expertise, with legal coordinated through qualified counsel, built for operators. The transitional regime ended (1 July 2026) — the time to structure this properly is now.

Book a 30-min call — we'll map your reserve, treasury and authorisation route.