Bluprynt, the provider of crypto disclosure solutions, and the Avalanche Foundation announce the launch of new tools to enable the publishing of EU compliance documents on-chain.
Through an integration with the Avalanche public blockchain, the firms are enabling token offerors such as “issuers and crypto-asset service providers (CASPs) to record their Markets in Crypto-Assets Regulation (MiCA) compliance and associated metadata on-chain, a regulatory first in the industry.”
Through this integration, Bluprynt has developed an “end-to-end system designed to draft, process, and publish MiCA compliance data directly to the Avalanche blockchain.”
The integration, set for release next month, enables “critical metadata, including compliance status, timestamps, and completeness of white papers, to not only be immutably stored but also accessible through Avascan and Bluprynt-provided SDK and API.”
Under the European Union’s MiCA framework, CASPs and issuers (as well as certain other offerors) must comply with “stringent disclosure regulations, ranging from obtaining licenses to publishing detailed white papers about tokens offered and sold in the European Union (EU).”
These regulatory changes are designed to “increase transparency and promote responsible growth in the markets for crypto-assets, among other goals.”
For companies operating in the crypto-asset industry, these new rules mandate a panoply of disclosures “about operations, governance, risk management, and sustainability metrics.”
MiCA came into “full effect in the EU on December 30, 2024.”
With Bluprynt’s dual disclosure engine and on-chain verification system, MiCA-related regulatory metadata is “being included on-chain for the first time.”
This metadata provides vital details about crypto-assets, “including offeror information, MiCA completeness and even sustainability data.”
This sets a new standard for transparency and regulatory accessibility on-chain.
Bluprynt’s integration unlocks new “opportunities for compliant crypto-asset issuers, developers and service providers.”
On-chain MiCA metadata will be leveraged to:
- Incorporate Regulatory Metadata in Smart Contracts: Use compliance data to automate workflows such as notifications or regulatory audits.
- Build Advanced Applications and Real-Time Compliance Tracking: Create tools and platforms for real-time MiCA compliance tracking, tokenized asset disclosures, or investor research dashboards.
- Ensure Compliance Transparency: Build features that validate white paper integrity and compliant listings directly from the blockchain.
- Flexibility for the Future: As real world assets and other items are tokenized, the Bluprynt technology will enable easier disclosures, regardless of the compliance regime.
Bluprynt enables crypto-asset offerors such as CASPs and issuers “to automate the production of MiCA-compliant white papers.”
The resulting regulatory metadata, once processed, can be published “on the Avalanche blockchain using a decentralized and resilient infrastructure.”
Bluprynt’s oracle, accessible via Avascan, provides an intuitive interface for regulators, users, traders, and other stakeholders to “access and verify this data.”
Further integrations will be available “through the Bluprynt-provided SDK and API.”
The partnership marks an advancement in the industry’s “approach to regulatory compliance.”
By placing MiCA metadata on-chain, the initiative aims to set “a standard for transparency, accessibility, and immutability in compliance processes.”
The project is designed to empower the entire blockchain ecosystem, benefiting issuers, regulators, developers, and investors, while “fostering greater trust and efficiency in the evolving regulatory landscape.”