ORCA MiCA White Paper (iXBRL)

This MiCA-compliant white paper provides a structured regulatory analysis of the ORCA token and supports Bitstamp Europe S.A. seeking admission to trading of the crypto-asset on Bitstamp. It combines legal precision with technical insight to describe Orca protocol, with ORCA serving as a native governance crypto-asset to the protocol. It also explains the token’s classification as an OTH under MiCA Title II, including disclosures on the trading structure, risks, governance framework, and sustainability indicators.