Dream Finance UAB, the Lithuanian entity for CoinsPaid and CryptoProcessing, has officially suspended all crypto-asset services as of January 2026. As a primary financial artery for the SoftSwiss gambling ecosystem, the group’s retreat in Lithuania signals a major failure to meet MiCA licensing requirements. While it maintains “regulatory shelters” in Estonia and North America, its EU “passporting” status is currently compromised.

R42 Risk Signal

• Traffic Light: ⚫ Critical Risk (Black)

• Confidence Grade: Confirmed (Direct Regulatory Notice + Registry Records)

• Rationale: The “temporary” suspension is a direct result of the Bank of Lithuania’s MiCA enforcement. A company processing billions in high-risk gambling volume cannot easily pivot to a fully transparent MiCA-compliant model. The risk of fund freezes and merchant “blackouts” is at an all-time high.

Key Data Table

What the Company Does

Dream Finance provides a B2B crypto payment gateway that allows merchants (primarily online casinos) to accept 20+ cryptocurrencies and settle in fiat (EUR, USD) or stablecoins (USDT, USDC). It serves as the internal and external payment infrastructure for the SoftSwiss group, handling the “cashier” functions for hundreds of white-label gambling sites.

Regulatory & Legal Framework

• Lithuanian Blackout: As of Jan 1, 2026, Dream Finance UAB failed to secure the necessary MiCA CASP license. Its website now states a suspension of all “crypto-asset related services.”

• Estonian License: Dream Finance OÜ holds an Estonian VASP license (FVT000166). This entity is currently being used as a fallback to serve existing merchants, though its ability to legally target the EU market without a MiCA “passport” is questionable.

• North American MSBs: The group maintains FinCEN (US) and FINTRAC (Canada) registrations, which are often used to secure banking relationships for USD/CAD processing.

Ownership, Founders, Executives

The group is controlled by the same beneficial owners as the SoftSwiss iGaming Group.

• Key Figures: Maksym Krupyshev (CEO), Alexander Horst Riedinger (Estonian UBO/Shareholder), and Ivan Montik (SoftSwiss Founder, linked via group control).

• Compliance Note: The group structure is designed to insulate the profitable iGaming volume from the increasing transparency requirements of EU regulators.

Corporate Structure & Related Entities

The group operates a “Multi-Jurisdictional Shell” strategy:

1. Dream Finance UAB (Vilnius): The high-volume processing hub (now suspended).

2. Dream Finance OÜ (Tallinn): The regulated backup.

3. Dream Finance US LLC: The North American liaison.

4. SoftSwiss: The sister group providing the gambling traffic.

Products, Integrations & Technical Footprint

CoinsPaid features a “Pay with Wallet” API and deep integration with ICE Barcelona and other major gaming summits. It supports instant settlements and “fiat-shielding” to protect merchants from crypto volatility.

Merchant / Customer Footprint

Extremely high concentration in the unlicensed offshore gambling sector. It is the default processor for SoftSwiss-powered casinos, which often target “grey” markets in Europe, Asia, and Latin America. Estimated historical volume: €23 Billion+.

Complaints, Allegations, Enforcement, Litigation

• Bank of Lithuania Enforcement: The current suspension is interpreted by analysts as an “enforced exit” following a failed CASP application.

• Security Incidents: Historically, CoinsPaid suffered a high-profile hack ($37M in 2023), which they attributed to the Lazarus Group. Such incidents underscore the high-risk nature of their centralized custodial model.

Risk Factors & Red Flags

• Regulatory Contagion: The loss of the Lithuanian license may trigger a review of their Estonian and North American statuses.

• Merchant Exposure: High-risk casinos using CoinsPaid may see funds trapped in the Lithuanian entity’s “regulatory wind-down.”

• UBO Opacity: The complex web of companies linking them to SoftSwiss creates significant AML/KYC “look-through” challenges.

Merchant Due-Diligence Checklist

• [ ] Does the merchant contract now refer to the Estonian or US entity instead of Lithuania? (Result: LIKELY).

• [ ] Can the provider prove they have a MiCA passport for the specific EU country they are targeting? (Result: FAILED).

• [ ] Are payouts being delayed citing “regulatory transition”? (Result: MONITOR).

Evidence Box (References)

• CoinsPaid Legal Hub – Lithuania Suspension Notice

• Estonian e-Business Register – Dream Finance OÜ (14783543)

• Bank of Lithuania – List of Suspended Entities

• FinTelegram: Dream Finance reports

15) Update Log (Evergreen)

• Jan 2026: Dream Finance UAB (LT) suspends all crypto activities.

• Feb 2026: FinTelegram identifies SoftSwiss as the primary UBO control group.

• Feb 3, 2026: R42 Profile updated to Black / Critical.

16) Call for Information (Whistle42)

Are you a SoftSwiss partner whose payments have been rerouted through Estonia or Canada? Do you have information on the internal “wind-down” plan for the Lithuanian entity? Submit your findings anonymously via Whistle42.com.