Crypto & financial services
Stablecoin business formation in Georgia
Since March 2026 the National Bank of Georgia regulates the initial offering of stablecoins. Planning your own stablecoin requires VASP registration and NBG consent.
What it is about
The basis is NBG Order No. 52/04 of 6 March 2026. Only a registered VASP may make an initial stablecoin offering, with the National Bank’s prior written consent.
Requirements include minimum capital from GEL 500,000, rising with reserves, full backing by reserves in the reference currency, a public white paper and redemption at face value.
Requirements
- VASP registration with the NBG
- Minimum capital from GEL 500,000
- Reserves of 100% of circulation, held separately
- White paper, governance and risk management
How it works
- Plan the model and reserve structure
- Apply for or extend VASP registration
- Submit documents for consent to the offering
- Ongoing reporting and supervision
How StartKap helps
We coordinate formation, banking relationships and documents; our partner law firm handles the regulatory work. Consent is granted solely by the National Bank.
We discuss reserve structure, capital and timeline for your project with you before the application.
Legal status checked on 9 Nov 2026. General information, not legal or tax advice for your individual case.
Questions about this service
Can I issue a stablecoin without VASP registration?
No. Issuance is reserved for registered VASPs with National Bank consent.