ESMA: What does this mean?

Thanks to our existing registration as a VASP (Virtual Asset Service Provider) in the EU, along with the latest ESMA registration for PLUS, Plutus is now authorised to carry out crypto-related activities, including:

• Token Swaps (On/Off Ramp)
• Providing On-Chain Utility
• Distributing Digital Assets
• Operating Custodial and Non-Custodial Services

Plutus can now compliantly issue on-chain PLUS rewards to customers, activate FUEL to make payouts self-sustainable and provide connected-wallet access for utilities, PLUS More. This marks a major step in the evolution of the tokenised rewards system our customers have valued since 2015.

Base: When Live?

Your PLUS More is already live on the Base network. The rollout to customers will start this year and continue through 2026, with ongoing development adding more on-chain utilities to strengthen the network.

PLUS Go-Live on Base:

• DEX Listing: Plutus-provided Liquidity Pool to build on-chain activity and test FUEL.
• On-Chain Payouts: Select BETA customers to validate smart contracts.
• On-Chain Utility: Redeem PLUS via connected wallet for top-ups, gift cards, & more.
• On-Chain Expansion: RaaS and Payouts available to the wider customer base. 

Note: This phased plan ensures a stable network before broader on-chain PLUS payouts and Rewards-as-a-Service (RaaS) partners join Plutus. It aims to leverage FUEL to build network activity and system depth. This approach sustainably enables customers to redeem PLUS on-chain (earned in-app, via RaaS, or on the DEX) for the expected £/€10 tangible value via merchant offers, such as cashback, miles, and gift card discounts, without impacting the ecosystem.

MiCA: What’s Next?

As part of the EU-wide regulatory shift, the Markets in Crypto-Assets (MiCA) framework is being phased in next year. Under MiCA, fintechs offering Web3 services, like Plutus, will need to obtain additional licensing as a CASP (Crypto Asset Service Provider) once the rules come into effect in 2026. We are prepared to complete submissions ahead of the deadline to ensure full compliance.

UK FCA: Watching Closely

We’re keeping a close eye on the UK’s crypto regulation roadmap to ensure Plutus stays ahead of the game. The Financial Conduct Authority (FCA) has provided guidelines, with further consultations on broader requirements due in Q3 2025. Final rules are expected by late 2025, with the regulatory gateway for UK authorisation likely opening up by mid-2026.

We’ll keep our customers updated on how these developments could shape Plutus features and services, so you're ready for the UK’s new regime before it lands.

In Summary:

• Thank you for being part of the Plutus journey. The next chapter is on-chain, focusing on utilities and international scaling with a sustainable rewards system for the masses.And as always—please read official updates to get accurate information and stay ahead!
•  Plutus can now compliantly provide on-chain functionality to EU customers
• Plutus is approved as a EU VASP and fully compliant in 2025.
• ESMA registration enables the start of PLUS on-chain activity in 2025.
• MiCA application underway to ensure full EU compliance in 2026.
• UK FCA’s new guidelines expected in 2025, followed by authorisation in 2026

⚠️ Risk & Disclaimer

Crypto-assets carry risks, including market volatility, technology risks, and regulatory changes. Access to PLUS utilities may vary by region and over time. No value or return is guaranteed.

This crypto-asset marketing communication has not been reviewed or approved by any competent authority in any Member State of the European Union. The offeror of the crypto-asset is solely responsible for the content of this crypto-asset marketing communication.

And as always, be advised to read official updates to get accurate information and stay ahead!