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Largest Bank in Spain Prepares Crypto Expansion Under EU’s MiCA Framework

  • Santander, the largest bank in Spain, is preparing to expand into the crypto space under the EU's MiCA framework.
  • Santander aims to integrate regulated digital assets into its financial ecosystem, with its digital arm Openbank applying for licenses under MiCA.
  • The bank's stablecoin strategy, pegged to USD and Euro, may target emerging markets and facilitate transactions between traditional banking and digital finance.
  • Openbank, set to lead the crypto integration, plans to launch crypto services next year, potentially making Santander one of the first major European banks to deploy stablecoins at scale.

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