🇱🇮 White papers notified in Liechtenstein
Anyone offering a crypto-asset other than a stablecoin to the public in the EU, or seeking its admission to trading, must publish a white paper and notify it to a regulator (Title II of MiCA). The white paper is not "approved"; it is filed. 15 were filed in Liechtenstein by 12 issuers.
White papers filed in Liechtenstein, in numbers
Liechtenstein accounts for 15 of the 972 crypto-asset white papers notified across the EEA (1.5%), filed with Finanzmarktaufsicht (FMA) between 18 March 2025 and 29 September 2026. The most active filers are LCX AG (4), ALCUM AG (1), CONFERO EUROPE AG (1), Haven Holding AG (1), MatterFi Inc. (1). 4 of the filings were made by a crypto-asset service provider on the issuer's behalf, which is how tokens admitted to trading on an exchange usually reach the register. The entries reference 6 distinct Digital Token Identifiers. Remember that a filing is a notification, not an approval: the regulator checks completeness, not the merits of the project.
| Issuer / offeror | Token (DTI) | White paper | Offered in | Updated |
|---|---|---|---|---|
| Haven Holding AG | SHD2NGHZV | Open | EU-wide | 29 Sep 2026 |
| SUN AG | LTFG9V1PJ | Open | EU-wide | 29 Sep 2026 |
| Smart IT Limited | J1T852HN8 | Open | EU-wide | 30 Jun 2026 |
| xMoney Labs AG | 78MRWHJNB | Open | EU-wide | 15 Jun 2026 |
| ALCUM AG | BJP4TNKN9 | Open | EU-wide | 5 Mar 2026 |
| CONFERO EUROPE AG | — | Open | — | 24 Nov 2025 |
| MatterFi Inc. | — | Open | — | 23 Sep 2025 |
| Regen AG | — | Open | — | 14 Jul 2025 |
| Soul Protocol Issuer AG | — | Open | — | 19 May 2025 |
| LCX AG via LCX AG |
— | Open | — | 14 Apr 2025 |
| LCX AG via LCX AG |
— | Open | — | 14 Apr 2025 |
| LCX AG via LCX AG |
— | Open | — | 14 Apr 2025 |
| SwissFortress AG via LCX AG |
— | Open | — | 14 Apr 2025 |
| Tiamonds AG | — | Open | — | 10 Apr 2025 |
| LCX AG | — | Open | — | 18 Mar 2025 |
How to read a white paper entry
The issuer is the entity responsible for the document; where a crypto-asset service provider filed on the issuer's behalf, it appears as "via". The DTI identifies the token precisely. Links point to the issuer's own site, as declared to the regulator — the document there may have moved or been updated since the notification.
Notification is not endorsement: regulators check that the white paper exists and contains the required disclosures, not that the project is sound. Use it as the starting point for your own reading, not as a seal of quality.