Deus X Pay, a regulated virtual asset service provider, has announced that it secured registration as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The new license authorizes the firm to provide money transfer and virtual asset transaction services across Canada.
The company said the license strengthens its ability to serve institutional clients with a compliant and secure digital asset infrastructure. It marks another step in Deus X Pay’s effort to link traditional finance with blockchain-based systems under a regulated framework.
“Regulatory clarity is essential for businesses”
Richard Crook, CEO of Deus X Pay, commented, “Client safety is at the heart of everything we do at Deus X Pay. Securing the FINTRAC MSB license is an important milestone in our mission to meet our clients’ end-to-end needs across all asset classes with speed, cost efficiency, and security while upholding our steadfast commitment to compliance security. Canada represents a vital market for digital assets, and this license enables us to offer regulated and seamless transactions to our institutional clients.”
The company said its operations will now support regulated interactions between fiat and digital currencies for Canadian clients. Deus X Pay positions itself as a financial services partner that enables businesses to incorporate stablecoin payments and asset transfers within regulatory guidelines.
Leago Papo, Chief Risk Officer at Deus X Pay, commented, “Regulatory clarity is essential for businesses, and obtaining the MSB license further strengthens our ability to operate transparently and securely. This approval underscores our commitment to adhering to the highest global compliance standards while supporting our clients’ increasingly complex commercial needs. We look forward to working within Canada’s strong regulatory framework to expand access to compliant digital asset services.”
The firm is also regulated as a Virtual Asset Service Provider (VASP) in Lithuania under the Financial Crime Investigation Service and in the Czech Republic under the Financial Analytical Office. These registrations allow Deus X Pay to maintain compliance with local anti-money laundering and financial reporting requirements in multiple jurisdictions.
Deus X Pay said the license will support institutions looking to scale digital asset operations in Canada, particularly those requiring fiat onboarding and offboarding solutions. The firm emphasized that compliance remains central to its operating model, especially as international scrutiny on digital assets intensifies.
The Canadian MSB license adds to the company’s expanding list of regulatory credentials, which it said positions it to offer seamless and transparent digital financial services across multiple jurisdictions.
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