Keytom: crypto-friendly neobank on Canadian FINTRAC MSB license, EUR IBAN and digital asset custody
Partner, Corporate & Commercial
Concept
Keytom — crypto-friendly neobank, founded in 2022, headquartered in Dubai (UAE). Product suite:named EUR IBAN + 10+ crypto and fiat currencies in one account(EUR, USDC, BTC, ETH, USDT, TRX, TON etc.) + Visa cards (physical and virtual) with limits up to $150,000 per transaction. Coverage — 150+ countries. Rails:SEPA Instant, SEPA, SWIFT, Fedwire— all in one account.
Keytom licenses are distributed across different jurisdictions:FINTRAC MSB №M21788474(Canadian money service provider status),VASP in Czech Republicfor EU operations (in 2026 this regime transitions to CASP under MiCA — ČNB became the competent regulator for CASP in 2025), partner EU EMI for IBAN issuance, Visa card license. Crypto assets insured up to$100M through Fireblocks(underwriters Marsh and Munich Re); fiat funds (EUR/USD) held in segregated accounts, legally separated from company funds.
Use cases
Personal crypto and fiat in one account.UHNW or mass-affluent client with distributed assets in fiat and crypto, needing unified accounting and ability to pay by card in 150+ countries.
Corporate treasury accounting in crypto.Holding company with USDC/USDT balances and EUR flow, needing named IBAN for receiving SEPA payments + custody with insurance on crypto portion. Rare combination — bank IBAN without full banking KYC, with Fireblocks-based custody.
Cross-border payments in 150+ countries.Visa cards (physical and virtual) for operational expenses.
Crypto ↔ fiat on/off-ramp.Exchange between BTC, ETH, USDC and EUR/USD within account, without withdrawal to exchange.
Regulatory context
- FINTRAC Canada— Money Service Business license №M21788474. MSB — not a banking license, but money service provider status with AML/CFT compliance.
- VASP in Czech Republic— Virtual Asset Service Provider authorization for EU market. Important nuance: from 2025 in Czech Republic, crypto service provider functions transition under stricterCASPunder EU MiCA, from ANO to ČNB. CASP license provides passporting across entire EU.
- Headquarters in Dubai (UAE)— operational headquarters.
- Partner EU EMIfor IBAN issuance, Visa card license.
- Crypto custody through Fireblockswith $100M insurance (underwriters Marsh and Munich Re).
- CRS and FATCA— standard reporting under payment provider regime.
Products
- Named IBAN in EUR(for individuals and legal entities) — in/out via SEPA Instant, SEPA, SWIFT, Fedwire in one account
- USD accounts(SWIFT)
- Crypto accounts:BTC, ETH, USDC, USDT, TRX, TON etc. (10+ currencies including fiat) with custody through Fireblocks
- Visa cards:physical and virtual up to $150,000 per transaction, coverage 150+ countries
- Crypto ↔ fiat exchangewithin account without withdrawal to external exchange
- Partnership with 10+ global banksfor settlement network (announced in 2024)
Russian clients
Who Keytom is not suitable for
- Large institutional deposits ($10M+)— payment provider regime does not provide strong deposit insurance in fiat. For this — Swiss or Singapore private bank.
- Client needing primary bankingwith FCA/HKMA regulation — Keytom MSB-level, bank reference for US/UK/EU operations not always accepted.
- Bank guarantees, letters of credit, large trade finance instruments— payment provider regime does not issue banking instruments. For trade finance —Bank of China,Everbright, HSBC HK.
- Sanctions-counterparties— refused.
Q/A
Is it a bank or not?
Formally — this is a neobank built onFINTRAC payment provider license (Canada)with partner EU EMI license for IBAN issuance. Strictly speaking — not a bank in traditional sense (no deposit-taking licence with deposit insurance level of FDIC/HK DPS), but wrapper works as banking experience.
Which cryptocurrencies are supported?
BTC, ETH, USDC, USDT and other major assets through Fireblocks custody.
What does $100M Fireblocks insurance mean?
Fireblocks — institutional crypto custodian used by Keytom. $100M insurance underwritten by Marsh and Munich Re covers operational custody risks, not market (BTC fall not covered by insurance).
Do you open Keytom for Russians?
Selectively, with residence permit of another country and non-sanctioned counterparties.
Remote opening?
Yes, online onboarding without visit to UAE or other countries.
Q/A on fees?
Exact fees discussed with Keytom banking team after pre-screening through us or directly.
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