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BNY Mellon unit joins MiCA register alongside 14 new entrants

BNY Mellon unit joins MiCA register alongside 14 new entrants
MiCA register expands

​The European Securities and Markets Authority (ESMA) has added 15 more digital asset service providers to its MiCA register, including the European subsidiary of U.S. banking giant BNY Mellon.

Following the latest update, the interim MiCA register now includes 309 licensed crypto-asset service providers (CASPs). It marks the third expansion since the transitional period ended on July 1.

The regulator continues to update the register as firms receive authorization from national authorities. The latest additions include banks, payment companies, and cryptocurrency platforms.

Germany and Denmark lead latest licensing round

Germany and Denmark recorded the largest number of new CASPs, with three companies each. Bulgaria and Latvia added two firms apiece, while Belgium, Cyprus, Liechtenstein, and the Netherlands each contributed one new provider.

Among the newly registered entities is BNY SA/NV, BNY Mellon's Belgian subsidiary. Germany added cooperative banks Spar-und Kreditbank Rheinstetten, VR-Bank Augsburg-Ostallgäu, and Raiffeisenbank Falkenstein-Wörth.

The register also now includes Bulgaria's Altcoins BG and Digital Assist, Denmark's SafeLynx Technologies and Januar, and Latvia-based Bleap and Nodu Digital. Other newly licensed firms include BitPay and Coinify.

MiCA register continues to expand

The latest update follows another expansion in which ESMA added 14 CASPs, including Ripple Payments Europe. The regulator did not announce changes to other MiCA registers, including those covering asset-referenced token (ART) issuers, electronic money token (EMT) issuers, or non-compliant entities.

The continued growth of the register highlights MiCA's phased implementation. As companies complete licensing procedures in their respective jurisdictions, European regulators continue adding new market participants.

Some industry representatives have warned that MiCA compliance could prove too costly for smaller firms. According to Giovanni Cunti, CEO of Gate Europe, some licensed companies may struggle to maintain compliance over the long term.

The European Commission has already launched a review of MiCA despite the end of the transitional period on July 1. Regulators aim to assess whether the current framework remains suitable for the rapidly evolving digital asset market.

Earlier, the European Parliament called for further development of the EU's digital asset regulatory framework following MiCA's rollout. Lawmakers urged the European Commission to evaluate clearer regulatory treatment for decentralized finance (DeFi), crypto lending, staking, and non-fungible tokens (NFTs).

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