XION Becomes First Title II EU-Compliant Layer 1 Blockchain - Chainwire

13Mar

XION Becomes First Title II EU-Compliant Layer 1 Blockchain

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.

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.