While ESMA maintains the centralized public register, CASP authorizations are granted by each country’s National Competent Authority (NCA). Once licensed, firms can leverage MiCA’s passporting regime to offer eligible crypto services throughout the EEA. ESMA does not issue MiCA licenses itself but publishes the centralized register after national regulators approve eligible firms.
Ripple and OSL Join the Register
The authorization also supports Ripple’s broader cross-border payments strategy and its RLUSD stablecoin initiative, further establishing Luxembourg as one of the company’s key regulatory hubs in Europe.
Traditional Banks Expand Crypto Services
The latest update also highlights the growing participation of traditional financial institutions in Europe’s regulated digital asset market.
Among the newly authorized firms are:
- Ripple Payments Europe (Luxembourg)
- OSL EU GmbH (Austria)
- Bison Bank (Portugal)
- Hrvatska poštanska banka (Croatia)
- Volksbank Schwarzwald-Donau-Neckar (Germany)
- Raiffeisenbank Auerbach-Freihung (Germany)
- Kaiser Partner Privatbank (Liechtenstein)
The increasing presence of banks alongside crypto-native firms underscores how MiCA is encouraging established financial institutions to expand into services such as crypto custody, trading, transfers, and order execution under a harmonized regulatory framework.
Licensing Continues Beyond the MiCA Deadline
Although the MiCA transitional period officially ended on July 1, licensing activity has continued across the European Union.
- Before July 1: Approximately 243–244 authorized CASPs
- Early July: The total increased to 280 licensed firms
- Latest update: 14 additional firms brought the total to 294
While the pace of approvals has moderated compared with the initial post-deadline surge, regulators continue to review applications, reflecting sustained demand from both crypto-native companies and traditional financial institutions seeking access to the European market.
Stablecoin Register Remains Unchanged
While the CASP register continues to expand, ESMA’s stablecoin registers remained unchanged in the latest update.
- Electronic Money Token (EMT) issuers: 21
- Asset-Referenced Token (ART) issuers: 0
- Non-compliant entities on ESMA’s register: 164
Meanwhile, ESMA also added two more entities to its register of non-compliant crypto firms following enforcement actions by Italy’s securities regulator, CONSOB.
Regulatory Scrutiny Intensifies Across Europe
The latest expansion of the MiCA register follows broader efforts by European regulators to strengthen oversight of the crypto sector through harmonized rules and enhanced consumer protections.
Together, these developments underscore Europe’s tightening approach to digital asset regulation, combining stricter enforcement against unauthorized firms with a growing list of licensed providers operating under the MiCA framework.
Why It Matters
For crypto firms, MiCA provides greater regulatory certainty and the ability to expand across the European market through passporting. For investors, the growing register reflects stronger oversight, improved consumer protections, and increasing institutional participation as digital assets become more integrated into Europe’s financial system.
Disclaimer: The market is risky, and investment needs to be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are in line with their specific circumstances. Investment based on this is at their own risk.