METAL GEAR SAS

METAL GEAR SAS represents a pioneering force in European stablecoin treasury management and global payout infrastructure, operating as one of only four companies to achieve comprehensive MiCA authorization from France's Autorité des marchés financiers. Based in Paris, the company specializes in providing B2B stablecoin treasury services and global payout infrastructure that enables businesses to execute cross-border payments with dramatically reduced costs and settlement times compared to traditional banking rails.

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Note on fees: METAL GEAR operates a B2B institutional model with custom pricing structures based on transaction volumes, payment corridors, and service complexity. Industry research indicates stablecoin B2B payments typically achieve 95-99% cost reductions versus traditional banking methods, with fees ranging from 0.5-3% compared to traditional cross-border fees of 6%+ for similar transaction amounts.

The company's strategic positioning leverages France's pioneering role in MiCA regulation implementation, providing clients with regulatory certainty and European passporting rights across all 29 EEA member states. METAL GEAR's focus on stablecoin treasury management addresses the rapidly growing B2B payments market, where stablecoin transaction volumes reached $27.6 trillion in 2024, surpassing traditional payment networks and driven by major corporations like SpaceX and ScaleAI adopting stablecoins for treasury management and global workforce payments.

Company History & Development

METAL GEAR SAS emerged during the critical transition period surrounding MiCA regulation implementation, founded to capitalize on the substantial opportunities created by European regulatory clarity in the stablecoin payments sector. The company's development reflects strategic timing and deep regulatory expertise, positioning itself to serve the growing demand for compliant stablecoin infrastructure among European businesses seeking alternatives to inefficient traditional cross-border payment systems.

The company's establishment coincided with the broader recognition among enterprises that traditional B2B cross-border payments impose substantial operational burdens, with transactions from markets like Mexico to Vietnam typically requiring 3-7 days for settlement while incurring costs of $14-$150 per $1,000 transacted through as many as five intermediaries. METAL GEAR's founders identified this market inefficiency as a compelling opportunity for stablecoin-based solutions that could deliver instant settlement at negligible costs.

The regulatory achievement that fundamentally positioned METAL GEAR for success came on July 4, 2025, when the company secured comprehensive MiCA authorization from France's Autorité des marchés financiers under license number A2025-004. This authorization places METAL GEAR among only four companies to receive initial MiCA licensing, demonstrating exceptional regulatory preparation and compliance capabilities during the highly competitive licensing process following MiCA's December 30, 2024 implementation.

The MiCA authorization encompasses the full spectrum of crypto-asset services including custody and administration of crypto-assets on behalf of clients, exchange of crypto-assets for funds, execution of orders for crypto-assets on behalf of clients, and providing transfer services for crypto-assets. This comprehensive regulatory scope enables METAL GEAR to offer complete stablecoin treasury solutions under unified European supervision with passporting rights across all EEA member states.

Corporate development milestones include the strategic relocation from Sceaux to central Paris at 64/66 rue des Archives in October 2023, reflecting the company's growth trajectory and positioning within France's financial district. Leadership transitions brought Clément RAVOUNA to the presidency in November 2023, with Aloïs JOBARD continuing as directeur général, providing experienced management across regulatory compliance and operational execution.

Capital structure evolution demonstrates investor confidence and growth funding, with the company's share capital increasing from initial €100,000 to over €256,000 through multiple capital raises in 2024-2025. These funding rounds supported regulatory compliance investments, technology development, and market expansion capabilities essential for serving institutional clients in the rapidly growing stablecoin treasury management sector.

Business Model & Core Services

METAL GEAR SAS operates a sophisticated B2B infrastructure model focused on providing stablecoin treasury management and global payout services to enterprises seeking cost-effective alternatives to traditional cross-border payment systems. The company's core value proposition centers on eliminating the inefficiencies, delays, and excessive costs associated with conventional international business payments through professionally managed stablecoin infrastructure.

The stablecoin treasury management service enables businesses to maintain digital asset reserves that provide immediate liquidity for global operations while avoiding the volatility risks associated with traditional cryptocurrencies. This service appeals particularly to companies operating across multiple jurisdictions where traditional banking relationships impose geographic limitations, high fees, and extended settlement periods that constrain operational efficiency and working capital management.

Global payout infrastructure represents METAL GEAR's primary competitive differentiator, providing businesses with the ability to execute instant cross-border payments at costs typically 95-99% lower than traditional banking methods. The infrastructure supports payment corridors that traditionally involve multiple correspondent banks and currency conversions, replacing these complex processes with direct stablecoin transfers that settle within seconds rather than business days.

The business model generates revenue through transaction-based fees, treasury management services, and infrastructure access charges rather than traditional spread-based pricing models common in currency exchange. This approach aligns METAL GEAR's incentives with client cost optimization while providing predictable pricing structures that enable accurate financial planning for regular cross-border payment requirements.

Partnership integration capabilities enable METAL GEAR to serve as infrastructure provider for payment service providers, fintech companies, and traditional financial institutions seeking to offer stablecoin capabilities without developing internal expertise or regulatory compliance. This B2B2B approach creates scalable revenue opportunities while leveraging the company's regulatory authorization and technical infrastructure across broader market segments.

European market focus creates operational advantages through deep understanding of MiCA regulatory requirements, local banking integration capabilities, and specialized expertise in serving businesses navigating the post-MiCA compliance landscape. The regulatory framework provides METAL GEAR with competitive moats while ensuring long-term operational sustainability as European cryptocurrency regulation continues consolidating around MiCA-compliant providers.

Regulatory Compliance & Trust

METAL GEAR SAS has established itself as a regulatory pioneer in European stablecoin infrastructure through its comprehensive MiCA authorization from France's Autorité des marchés financiers, positioning the company among the most elite cryptocurrency service providers in the European Union. The authorization, granted under license number A2025-004 on July 4, 2025, places METAL GEAR in the exclusive group of only four companies to receive initial MiCA licensing, demonstrating exceptional regulatory preparation and operational readiness.

The MiCA regulatory framework subjects METAL GEAR to stringent operational requirements including capital adequacy standards, risk management procedures, governance structures, and consumer protection mechanisms that exceed those typically applied to unregulated cryptocurrency service providers. These requirements ensure institutional-grade operational standards while providing clients with legal protections and recourse mechanisms comparable to traditional financial institutions.

METAL GEAR's authorization encompasses the full spectrum of crypto-asset services permitted under MiCA, including providing custody and administration of crypto-assets on behalf of clients, facilitating exchange of crypto-assets for funds, executing orders for crypto-assets on behalf of clients, and providing transfer services for crypto-assets. This comprehensive scope enables complete stablecoin treasury solutions under unified regulatory supervision.

The European passporting rights inherent in MiCA authorization enable METAL GEAR to provide consistent service delivery across all 29 European Economic Area member states under harmonized regulatory frameworks. This regulatory unification eliminates the complexity and costs associated with establishing separate compliance regimes across multiple European jurisdictions, providing significant operational advantages for pan-European service delivery.

France's leadership role in MiCA implementation provides METAL GEAR with unique insights into regulatory development and enforcement practices that benefit client advisory services. The company's proactive engagement with French regulatory authorities during the licensing process has established strong relationships that support ongoing compliance guidance and regulatory clarity for complex cross-border payment scenarios.

The regulatory positioning provides substantial competitive advantages as European regulation consolidates around MiCA-compliant providers while eliminating unregulated competitors from serving European markets. This regulatory moat ensures long-term operational sustainability and provides clients with confidence in continued service availability as European cryptocurrency supervision continues strengthening throughout the regulatory implementation period.

Economics & Value Proposition

METAL GEAR SAS delivers compelling economic benefits to B2B clients through its stablecoin infrastructure that addresses fundamental cost and efficiency challenges in traditional cross-border business payments. Industry analysis indicates that businesses utilizing stablecoin payment rails can achieve cost reductions of 95-99% compared to traditional banking methods, with transaction fees typically ranging from 0.5-3% versus conventional cross-border fees exceeding 6% for similar payment amounts.

The cost advantages extend beyond simple fee reduction to encompass significant operational efficiency improvements through elimination of settlement delays that traditionally constrain business cash flow management. Traditional B2B cross-border payments typically require 3-7 days for settlement and pass through multiple intermediaries, each extracting fees while adding processing time. METAL GEAR's infrastructure enables instant settlement that improves working capital utilization and reduces counterparty risks associated with extended settlement periods.

Treasury management services provide additional economic value through professional stablecoin reserve management that maintains liquidity while minimizing exposure to cryptocurrency volatility. This approach enables businesses to capture the operational benefits of blockchain-based payments while avoiding the speculation risks that often deter traditional enterprises from cryptocurrency adoption.

The European regulatory compliance framework eliminates risk premiums and operational complexity costs that businesses must absorb when utilizing unregulated cryptocurrency service providers. MiCA authorization provides legal certainty and established dispute resolution mechanisms that reduce overall risk-adjusted costs compared to offshore or non-compliant alternatives.

Infrastructure scalability enables METAL GEAR to offer competitive pricing even for large-volume institutional clients, as blockchain-based settlement costs remain relatively constant regardless of transaction size. This characteristic particularly benefits businesses with significant cross-border payment volumes that face escalating fees under traditional percentage-based banking cost structures.

Global accessibility through stablecoin infrastructure provides economic advantages for businesses operating in markets with limited traditional banking access or elevated currency volatility. The ability to execute stable-value payments across any geographic boundary without correspondent banking relationships creates operational flexibility that translates directly into cost savings and reduced operational complexity.

Technology & User Experience

METAL GEAR SAS has developed institutional-grade technology infrastructure optimized for B2B stablecoin treasury management and global payment processing, prioritizing security, regulatory compliance, and operational reliability over consumer-facing features. The company's technology approach emphasizes seamless integration with existing corporate financial systems while providing the transparency and audit capabilities required for institutional treasury management.

The stablecoin infrastructure utilizes multiple blockchain networks to optimize for different use cases and geographic requirements, providing clients with flexibility in choosing settlement rails based on cost, speed, and regulatory considerations. The multi-network approach ensures operational continuity and enables optimization for specific payment corridors while maintaining unified management interfaces for treasury operations.

Treasury management systems provide real-time visibility into stablecoin holdings, transaction histories, and risk metrics through comprehensive dashboard interfaces designed for corporate financial management teams. The platform generates detailed reporting suitable for accounting integration and regulatory compliance while maintaining audit trails that meet institutional standards for transaction documentation and regulatory reporting.

API infrastructure enables seamless integration with existing corporate treasury management systems, ERP platforms, and payment automation workflows. The development-friendly architecture supports both automated high-volume payment processing and manual oversight capabilities, accommodating diverse corporate operational requirements while maintaining security and compliance standards.

Customer support operates through dedicated relationship management for institutional clients, providing specialized expertise in stablecoin treasury operations, regulatory compliance guidance, and technical integration support. The institutional focus ensures that relationship managers understand complex corporate treasury requirements and can provide strategic guidance rather than purely transactional support services.

Security architecture employs institutional-grade protocols including multi-signature authorization procedures, hardware security modules for key management, and comprehensive monitoring systems for unusual activity detection. The security framework aligns with MiCA operational requirements while providing corporate clients with transparency regarding fund protection mechanisms and operational security procedures.

Security & Risk Management

METAL GEAR SAS implements comprehensive security measures designed to meet institutional requirements for stablecoin treasury management while addressing both traditional financial risks and cryptocurrency-specific operational challenges. The company's security framework operates under MiCA regulatory oversight, ensuring systematic risk management practices that align with European standards for crypto-asset service providers.

Operational security encompasses segregated client asset storage, comprehensive transaction monitoring, and multi-layered authorization procedures that prevent unauthorized access while maintaining operational efficiency for legitimate treasury operations. The segregation protocols ensure clear distinction between client assets and operational funds, providing institutional clients with transparency and protection comparable to traditional banking custody services.

The regulatory compliance framework includes mandatory risk management procedures, incident response protocols, and comprehensive reporting mechanisms that undergo regular supervisory review by French financial authorities. These requirements provide institutional clients with established oversight and protection mechanisms while ensuring continuous improvement in operational security practices.

Business continuity planning addresses potential operational disruptions through redundant system architectures, established procedures for maintaining client access during adverse conditions, and comprehensive disaster recovery protocols. The planning framework ensures continued service availability even during technical incidents or broader market disruptions that might affect blockchain network performance.

Counterparty risk management includes careful selection and ongoing monitoring of blockchain networks, stablecoin issuers, and integration partners to ensure continued operational reliability and minimize exposure to technical or regulatory risks that could impact client operations. The risk assessment procedures provide institutional clients with transparency regarding infrastructure dependencies and mitigation strategies.

Insurance and liability protection align with institutional requirements through comprehensive coverage arrangements and professional liability protections appropriate for crypto-asset service providers. While specific insurance details remain confidential for security purposes, the regulatory framework requires adequate protection for operational risks and client asset security consistent with institutional service standards.

Market Position & Suitability

METAL GEAR SAS occupies a unique position in the European B2B payments landscape by combining comprehensive MiCA regulatory compliance with specialized expertise in stablecoin treasury management and global payout infrastructure, appealing to institutional clients requiring regulated alternatives to traditional cross-border payment systems.

Large Enterprises with Global Operations represent the company's primary target market, benefiting from METAL GEAR's ability to provide instant cross-border payments with dramatic cost reductions compared to traditional banking methods. Companies managing significant international supplier payments, employee compensation, or intercompany transfers find particular value in the operational efficiency and cost optimization enabled by stablecoin infrastructure.

Payment Service Providers and Fintech Companies seeking to offer stablecoin capabilities without developing internal regulatory compliance or technical expertise find significant value in METAL GEAR's B2B2B infrastructure model. The comprehensive MiCA authorization enables these partners to provide regulated stablecoin services to their clients while leveraging METAL GEAR's specialized infrastructure and compliance capabilities.

European Businesses Prioritizing Regulatory Compliance benefit from METAL GEAR's MiCA licensing and comprehensive European regulatory alignment, enabling confident adoption of stablecoin payment capabilities without concerns about regulatory uncertainty or compliance risks. The regulatory framework provides legal certainty and consumer protection mechanisms that satisfy institutional fiduciary requirements.

Cryptocurrency-Adjacent Industries including digital asset trading firms, blockchain development companies, and crypto-focused investment managers find METAL GEAR's specialized expertise valuable for treasury management and payment processing needs that traditional banks often decline to serve. The regulatory compliance enables these businesses to access professional financial services within established legal frameworks.

Traditional Financial Institutions exploring stablecoin capabilities can utilize METAL GEAR's infrastructure to offer innovative payment services to their business clients without the substantial investment required for internal blockchain expertise development and regulatory compliance. This approach enables rapid market entry while maintaining focus on core banking competencies.

The platform's limitations include focus on institutional and high-volume business clients rather than consumer or small business segments, concentration on stablecoin-based payments rather than broader cryptocurrency services, and European regulatory focus that may limit global expansion opportunities compared to less regulated alternatives.

Conclusion

METAL GEAR SAS represents a significant achievement in European financial technology innovation, successfully combining comprehensive MiCA regulatory compliance with cutting-edge stablecoin infrastructure to create a compelling alternative to traditional B2B cross-border payment systems. The company's position among only four initial MiCA license recipients demonstrates exceptional regulatory preparation and positions it advantageously for long-term success in the regulated European crypto-asset services sector.

The platform's key strengths include pioneering regulatory compliance that provides legal certainty and competitive advantages, specialized expertise in stablecoin treasury management and global payment infrastructure, substantial cost and efficiency advantages compared to traditional banking methods, and established relationships with European regulatory authorities that support ongoing compliance and business development. The company's focus on institutional B2B markets creates sustainable competitive advantages while avoiding the operational complexity and regulatory risks associated with consumer-facing cryptocurrency services.

Areas for continued development include expanding geographic coverage through additional regulatory authorizations or partnership arrangements, developing additional institutional-grade features for complex treasury management requirements, building educational resources to support enterprise adoption of stablecoin payment infrastructure, and establishing strategic partnerships with traditional financial institutions seeking stablecoin capabilities. The company's regulatory-first approach may occasionally limit innovation speed compared to unregulated competitors, but provides sustainable competitive advantages in institutional markets prioritizing compliance and risk management.

For businesses seeking regulated, cost-effective alternatives to traditional cross-border payment systems, METAL GEAR offers compelling advantages over both traditional banking services and unregulated cryptocurrency alternatives. The combination of regulatory certainty, dramatic cost reductions, operational efficiency improvements, and institutional-grade service standards makes it particularly suitable for sophisticated business clients requiring reliable global payment infrastructure within established European legal frameworks.

The company's strategic positioning for continued success appears robust, with comprehensive MiCA compliance providing defensive advantages while innovative stablecoin infrastructure enables expansion opportunities as European enterprise adoption of blockchain-based payment systems continues accelerating. As the B2B payments sector undergoes transformation driven by stablecoin adoption and regulatory clarity, METAL GEAR's early compliance leadership and technical expertise position it advantageously for sustained growth and potential market leadership in the European institutional crypto-asset services sector.

Last updated: September 4, 2025