Crypto as a Service (CaaS) enables companies to offer virtual asset products and services through their existing platforms without having to build the underlying infrastructure themselves.

By partnering with a CaaS provider, businesses can expand into virtual assets while remaining focused on their core operations, leaving the technical and regulatory complexities to a specialized infrastructure provider.

The model follows the same logic as Banking as a Service (BaaS), which allows companies to integrate banking products into their offerings without becoming banks themselves. CaaS brings this approach to the virtual asset market.

Traditionally, entering this market meant building a specialized engineering team, developing secure solutions for private key custody, securing liquidity to execute transactions, and navigating local regulatory requirements. Each of these represents a significant investment in expertise, infrastructure, and compliance.

CaaS addresses these challenges by separating the infrastructure required to operate virtual asset services from the products companies deliver to their customers.

Who can offer virtual asset services in Brazil?

Under BCB Resolutions 519, 520, and 521, issued by the Central Bank of Brazil, companies providing virtual asset services in the country were required to apply for authorization as a Virtual Asset Service Provider (VASP), Brazil's regulated category of virtual asset service providers, by October 2026.

The framework establishes requirements covering everything from minimum capital and corporate governance to anti-money laundering controls and regulatory compliance.

Companies that fail to apply for authorization or meet the applicable requirements may have to discontinue their regulated activities or explore alternative operating models, including partnerships with regulated infrastructure providers.

This is where CaaS becomes particularly relevant. By integrating with a VASP that is already undergoing the authorization process, companies can leverage existing infrastructure to bring virtual asset services to market without having to build and seek authorization for an entire operation of their own, subject to the applicable regulatory requirements.