Case study: Opening a corporate account for a VASP company in a neobank with a Lithuanian license
What was the client's request?
The client is a Polish company with a VASP licence operating in the field of virtual assets and digital financial technologies.
The request was to open a corporate account for:
- accepting customer payments (C2B model);
- conducting international settlements.
Why couldn't the client do it on their own?
- Most banks don't work with VASP companies and high-risk activities.
- They need proof of where the money comes from and how it's being moved around.
- There are strict compliance and documentation requirements.
What solution did we offer and why?
- We analysed the neobank market, selecting solutions that actually work with VASPs.
- We agreed on the routes for planned payments with the bank in advance.
- We offered a neobank with a Lithuanian licence that is loyal to crypto activities.
Were there any difficulties?
It was necessary to comply with the regulator's requirements for VASP activities.
Thanks to prior coordination with the bank, no additional requests arose.
Case duration
Three weeks from the moment of application to account activation.
What specialists were involved?
- Crypto compliance expert;
- International payments consultant.
Result
The client received:
- Dedicated IBAN;
- Ability to accept customer payments (C2B);
- Access to multi-currency payments;
- Fully remote account opening without rejections or additional checks.
