New York City, New York, March 13th, 2025,
Chainwire
XION, a walletless blockchain
bridging Web2 and Web3, has announced its compliance with EU
regulations, becoming the first L1 on mainnet to release a Markets
in Crypto-Assets (MiCA) whitepaper. XION has now aligned with the
regulatory framework governing crypto-assets in the European Union,
demonstrating its commitment to expanding ease of access for
institutions, and individuals, that utilize and adopt digital
assets.
Title II of MiCA, which came into full effect in December 2024,
establishes strong guidelines for issuers, offerors, and those
seeking admission to trading of crypto-assets within the EU. XION
falls into the latter category, ensuring compliance to facilitate
access to its ecosystem in a regulated and transparent manner,
giving institutions and individuals in the EU added
assurance.
"The release of a MiCA whitepaper is a key step in a
broader institutional strategy," said Burnt Banksy, Founder at
XION. "Adhering to the EU's evolving regulatory landscape ensures
that institutions and users can both gain access to XION in a
compliant manner, strengthening the foundation for broader adoption
of Web3."
This regulatory milestone comes as part of XION’s mission to
make Web3 accessible to everyone, everywhere. By removing
blockchain complexities through protocol-level innovations such as
Generalized Abstraction, Meta Accounts, Signature Abstraction, and
its Parameterized Fee Layer, XION is building an infrastructure
layer designed for seamless mainstream adoption of Web3
applications.
With this compliance, institutions within the EU will now have
unbridled access to a blockchain that bridges the gap between Web2
and Web3, offering regulatory clarity alongside a user-friendly
environment. XION’s ecosystem has already attracted leading brands
leveraging its technology to enable frictionless Web3 interactions,
further reinforcing its position as a pioneer in expanding access
to all internet users.
As XION continues to advance its institutional and regulatory
initiatives, this step in ensuring MiCA compliance lays the
groundwork for future expansion and wider access to its ecosystem.
For more information, the XION crypto-asset whitepaper is available
here.
About XION
XION is the first walletless Layer 1 blockchain focused on
making Web3 accessible to all users. It achieves this by making
crypto disappear through its Generalized Abstraction, simplifying
complexities such as wallets, private keys, multi-device usage, gas
fees, and more. By removing common Web3 friction points, XION
accelerates the mainstream adoption of Web3 by making blockchain
technology more accessible to users and developers.
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Disclaimer: This press release is for
informational purposes only and does not constitute financial
advice or an offer to invest. No competent authority in the
European Union has reviewed or approved this marketing
communication. The offeror, person seeking trading admission, or
trading platform operator is solely responsible for its
content.
Contact
Burnt
press@burnt.com
