Preparing a Whitepaper for Issuing EMT, ART and Other Crypto-Assets in Lithuania

A Whitepaper is a mandatory MiCA document describing the token, its issuance terms and risks. In Lithuania, Whitepaper notification or authorisation is regulated by the Bank of Lithuania.

MiCA divides crypto-assets into ART (asset-referenced tokens), EMT (e-money tokens) and other crypto-assets.

Why Lithuania

Why choose Lithuania for issuing tokens under MiCA?

Jurisdiction reputation

Lithuania has been developing fintech and digital assets infrastructure for years — a more mature ecosystem than in many EU countries

Fast access to the whole EU market

Notify the Bank of Lithuania about the token issuance within the set timeframe and issue tokens across the EU

Strong fintech infrastructure

Many EMI licences, crypto-friendly compliance providers, AML outsourcing, banking/payment infrastructure

Regulator experience

The Bank of Lithuania is one of the most experienced regulators in the region for fintech and digital assets

More predictable timelines and cost

Lower operating costs, cheaper compliance, easier hiring, faster registration and onboarding

Minimal share capital

A minimal share capital of at least EUR 1,000 is sufficient for issuing tokens

Token types

Conditions for preparing and notifying a Whitepaper in Lithuania

The token must not maintain a stable value. A Whitepaper and notification to the regulator are required. Any EU legal entity may issue.

A token backed by asset reserves with strict stability rules. Requires ART issuer authorisation, asset reserves, and compliance. Only an authorised issuer may issue.

A token pegged to a fiat currency. Requires an EMI/bank, a Whitepaper, and compliance. Only an EMI or credit institution may issue.

Issuer

Requirements for the issuer

Legal entity

The company must be registered in the EU

Share capital

Minimum share capital of EUR 1,000

Token classification

A legal opinion on the token type is required

Whitepaper

Compliance with Article 6 of MiCA: description of the token, issuer, risks, holder rights, technology

Marketing

Compliance with Articles 7 and 9 of MiCA — accurate, transparent materials consistent with the classification

Documents

Whitepaper, legal memo, marketing materials, list of EU countries, launch dates

Process

Whitepaper preparation and notification procedure

Preliminary token assessment

Analysis of the token and its classification under MiCA: EMT, ART or other crypto-asset

Legal memorandum

Preparing a legal memo for the Bank of Lithuania justifying the classification

Whitepaper alignment

Adapting the Whitepaper to the requirements of Article 6 of MiCA

EU country notification

Preparing a list of EU countries for the public offer or listing of the token

Marketing communications

Reviewing and preparing marketing materials in line with Articles 7 and 9 of MiCA

Filing and support

Filing the notification/authorisation with the Bank of Lithuania and supporting the review process

Support

Our support services

We offer a full cycle of support for preparing a Whitepaper and issuing tokens under MiCA:

Token assessment

Preliminary assessment of the token and its MiCA classification

Legal memorandum

Preparing a legal memorandum

Whitepaper

Recommendations on the Whitepaper

EU notification

Drafting the notification of EU member states

Marketing

Advice on marketing communications

Filing documents

Filing documents and liaising with the Bank of Lithuania

Partnership

Recommendations on partnering with licensed EMIs or credit institutions

Our advantages

Experience with major crypto exchanges

Practical experience providing legal support to major EU crypto exchanges in Lithuania since 2021

Expert approach

Our team consists of practicing lawyers, allowing us to handle legal matters of any complexity in depth

Trusted by partners

For more than five years we have cooperated with major crypto-licensing service providers in Lithuania, supporting clients worldwide

Professional qualification

Our lawyers regularly undergo specialised training and hold competencies in AML and crypto-asset regulation

Among the first on the market

We were among the first legal teams to support crypto-licensing in Lithuania

Contact us

Ready to start preparing a Whitepaper under MiCA?

Our team experienced in crypto regulation will simplify the process for you. Let us handle the details so you can focus on issuing your tokens in the EU!

Contact Us

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info@legalmechanic.com

Preparing a Whitepaper for Issuing EMT, ART and Other Crypto-Assets in Lithuania