MiCA ROUTING INFRASTRUCTURE
Infrastructure / Regulated Exchanges / EEA
Deterministic, compliance-enforced routing
for the regulated European digital asset institutions under MiCA.
V-LON operates as the enforcement layer between licensed CASPs — making cross-border settlement provably compliant at execution time, not reconstructed after the fact.
MiCA
DORA
TRF 2023/1113
The Current state
MiCA passporting enables regulated CASPs to operate across all 30 EEA jurisdictions under a single license. It does not provide a shared enforcement layer for cross-border transaction routing between institutions.
Every inter-CASP settlement today depends on bilateral compliance agreements, manual counterparty verification, and post-event logging. None of this satisfies deterministic audit requirements or produces cryptographically verifiable proof of enforcement at routing time.
Under MiCA Article 72, regulated entities must record and justify routing decisions. Under DORA Article 11, they must demonstrate operational continuity for critical ICT functions. Under TFR 2023/1113, originator and beneficiary data must travel with every institutional transfer. The infrastructure to enforce all three simultaneously — across jurisdictions, in real time — does not yet exist as a shared layer.
WHAT V-LON PROVIDES
Four capabilities. One enforcement layer.
Each capability maps directly to a specific compliance requirement that inter-CASP routing currently cannot satisfy.
1. Deterministic Routing with Compliance Enforcement
Routing decisions are executed against encoded compliance rules — jurisdiction constraints, counterparty eligibility, and transaction limits — at the moment of routing, not audited afterward. Every decision is deterministic and reproducible.
→ Cross-border compliance enforcement
2. Cryptographic Proof of Every Routing Decision
Each routing event generates an immutable, cryptographically verifiable record — not a log entry, but a proof. Regulators and auditors receive evidence that enforcement occurred, not documentation that it was intended.
→ Audit defensibility under MiCA Art. 72
3. Physics-Verified Counterparty Authentication Enforcement
Counterparty verification is bound to physical execution characteristics rather than exchanged credentials. No shared secrets. No credential replay risk. Counterparty trust is established and re-established at each routing event without credential infrastructure.
→ Counterparty trust without credential exchange
4. Jurisdiction-Aware Fallback Routing Decision
When a primary counterparty becomes unavailable — due to suspension, delisting, or regulatory action — V-LON routes to a compliant alternative within jurisdictional constraints automatically. Operational continuity without compliance compromise.