Own funds.

A defined term in EU crypto-asset regulation, in plain language, with the source of truth identified.

SOURCES: REGULATION (EU) 2023/1114 · (EU) 2023/1113 · (EU) 2022/2554 · DIRECTIVE (EU) 2023/2226 · ESMA / EBA GUIDANCE

Definition

The capital a CASP must hold at all times: the higher of its Annex IV class minimum (€50k/€125k/€150k) or one quarter of prior-year fixed overheads (Art. 67).

Where it appears in the regulation

The verbatim article text is available on EUR-Lex. For Own funds, see the related MiCA articles and the plain-language library guides.

MiCA Regulation, explainedEUR-Lex — Reg (EU) 2023/1114 ↗
Plain-language guideEUR-Lex — Consolidated text ↗

Related terms

Back to the full glossary · MiCA / MiCAR · CASP · VASP · ART · EMT · Utility token · Crypto-asset white paper · NCA

Need the firm-level check?

This is the rule. If you need the firm-level check for a file — one firm, one register question, dated and signed — see the dated counterparty note.

Educational summary of public sources. This definition condenses text from Regulation (EU) 2023/1114 (MiCA) and official ESMA/EBA materials for general information. Verify against the official sources linked above before relying on any point.