Mintum
Iceland's first króna stablecoin, registered with the Central Bank. Closed in 2026 because of the EU's MiCA rules.
- Client
- Rafmyntasjóður Íslands
- Year
- 2022
- What we did
- Strategy, brand, app, backend, blockchain
- Built with
- React Native, Node.js, GraphQL, Mantine, Solana
What Mintum needed
Rafmyntasjóður Íslands wanted Icelanders to move between krónur and crypto in seconds, for almost nothing.
What we did
We designed and built the Mintum app, the web front end and the systems behind them, for a company we co-own.
ISKT, a token pegged one to one to the króna, runs on the Solana blockchain. The backend is connected to the banking system, so krónur deposited from a bank account become ISKT in the user's wallet. Sign-up uses Icelandic electronic ID.
Enum owns half of Rafmyntasjóður Íslands.
How it went
Registered with Seðlabanki Íslands in 2022. In 2026 the EU's MiCA rules shut the service down, at least for now.
Mintum notice, 2026.