The rollout of the Markets in Crypto-Assets (MiCA) Regulation has made access to reliable banking infrastructure a critical requirement for Crypto-Asset Service Providers (CASPs). 

However, many digital asset platforms struggle to find banking partners that understand their risk profiles, often facing sudden account closures or limited access to essential payment rails. 

You may also struggle to secure a partner that provides full structural isolation of client funds through safeguarding accounts while enabling high-velocity fiat on-ramps and off-ramps. 

In this article, we'll go over the three providers that help with safeguarding and payments for CASPs: ClearBank, Magnetiq Bank, and Banking Circle.

ClearBank is a UK- and EU-authorised B2B bank purpose-built to provide the underlying banking infrastructure for regulated fintechs, financial institutions, and digital asset platforms. Unlike legacy providers that may lack the risk frameworks to support firms touching blockchain technology, ClearBank has worked with digital asset companies in the UK since 2019. This experience enables ClearBank to offer a transparent, consistent risk appetite to platforms that need to scale their euro and sterling payment operations. 

With ClearBank, you get: 

• Safeguarding for client funds: ClearBank provides segregated accounts held at central banks. For sterling accounts, funds are held at the Bank of England (BoE). In Europe, ClearBank Europe N.V. maintains these funds at the European Central Bank (ECB) and De Nederlandsche Bank (DNB). This ensures that while you focus on scaling your euro and sterling operations, your customers' funds remain isolated from your own business balance sheet to meet MiCAR and EMI safeguarding obligations. 
• Real-time fiat connectivity: Platforms can access Faster Payments (in the UK) SEPA Instant (in Europe) via an API, enabling 24/7 on-ramping and off-ramping that matches the always-on nature of the digital asset markets. 
• Integrated stablecoin minting and redemption in Europe: Through its CASP authorisation, ClearBank Europe offers Digital Assets Rails, enabling clients to mint and redeem EURC directly, bridging the gap between traditional fiat rails and on-chain liquidity within one regulated framework. 

You can also: 

• Speed up your time to market: Use a cloud-native API-first architecture that typically allows for quicker onboarding and integration. 
• Scale with a resilient partner: Benefit from 99.9% uptime and an active-active system architecture designed to handle high transaction volumes without performance degradation. 
• Access embedded banking features in the UK: Offer your customers FSCS-protected accounts or interest-bearing products to increase user retention and improve assets under management. 

"Embedded banking lets crypto platforms integrate a bank or savings account within their ecosystem. That gives their users up to £120,000 FSCS protection on eligible deposits, the ability to earn interest – which ordinarily only banks can offer – and demonstrates bank-grade controls inside their app. It genuinely helps them grow assets under management." – Andrew Delves, Head of Digital Assets at ClearBank 

Banking Circle is a licenced credit institution and correspondent bank that focuses on the global needs of payments businesses and digital asset institutions. After receiving its CASP authorisation from the CSSF in Luxembourg, Banking Circle launched stablecoin settlement services to help firms interoperate between fiat currencies and leading digital assets. 

Banking Circle offers: 

• Stablecoin settlement and minting: Banking Circle allows clients to buy and sell regulated stablecoins such as USDC, USDG, and EURI directly from its core platform with quick settlement. 
• Comprehensive account services: The bank provides virtual IBANs and multi-currency accounts, supporting local clearing across major global corridors to reduce the cost of international transfers. 
• Global regulatory footprint: Headquartered in Luxembourg and regulated by the CSSF, the bank operates across numerous European markets as well as the UK, Singapore, and Australia. 

Magnetiq Bank is a fully licenced EU bank specifically designed to power the digital economy and fintech ecosystem. Based in Latvia and part of the Signet Bank Group, it has transitioned into a fintech-oriented bank that understands the specifics of regulated crypto businesses and e-commerce platforms. Magnetiq Bank focuses on helping firms meet their safeguarding requirements under MiCA while providing the scalability needed for cross-border operations. 

Here are some key capabilities of Magnetiq Bank: 

• EU-compliant safeguarding accounts: The bank offers segregated account solutions for CASPs and PSPs, ensuring that client funds are protected and isolated according to European standards. 
• MiCA-specific compliance framework: Magnetiq Bank provides dedicated support for companies undergoing the MiCA notification process, leveraging deep expertise in digital asset regulation. 
• API-enabled Banking as a Service: Firms can programmatically issue virtual IBANs, manage SWIFT payments, and access card settlement services through a single, easy-to-use API. 

Choosing a provider for safeguarding and payments requires balancing regulatory robustness with technical agility. With ClearBank, for example, you can leverage the underlying banking infrastructure to meet MiCA obligations while maintaining the high velocity on and off-ramps needed for 24/7 digital asset transactions. 

If you are ready to implement a resilient banking setup for your CASP, get in touch with our team.

*Disclaimer: All information relating to third-party products and companies featured in this article has been sourced solely from their respective public websites and official publications at the time of writing. ClearBank makes no representations as to the accuracy, completeness, or currency of this information. Product features, positioning, and company details may have changed since publication. Readers should refer to each provider's official website for the most up-to-date information before making any purchasing decisions.

Sources: 

• https://www.bankingcircle.com/  
• https://www.bankingcircle.com/technology-and-platform/  
• https://www.bankingcircle.com/digital-assets-institutions/  
• https://www.bankingcircle.com/banking-circle-introduces-stablecoin-settlement-services/ 
• https://www.bankingcircle.com/accounts/  
• https://magnetiqbank.com/  
• https://magnetiqbank.com/about-the-bank/  
• https://magnetiqbank.com/blog/magnetiq-bank-strengthens-fintech-position-and-reports-strong-growth-in-2025/  
• https://magnetiqbank.com/banking-services-for-businesses/  
• https://magnetiqbank.com/safeguarding-accounts/