BNY Mellon unit joins MiCA register as ESMA adds 15
BNY Mellon unit joins the EU MiCA register after ESMA listed 15 new crypto-asset service providers, including banks and digital platforms, in its third post-deadline update—lifting the interim tally to 309 licensed CASPs. The listing of BNY SA/NV, the bank’s Belgian subsidiary, shows traditional finance moving into Europe’s regulated crypto framework alongside native platforms. Readers following Fintech & Crypto Alerts will see this as another signal that MiCA licensing is still expanding after the July 1 deadline.
Key Takeaways
- BNY SA/NV, BNY Mellon’s Belgian subsidiary, was among 15 CASPs added to ESMA’s interim MiCA register.
- The update is the third since the July 1 transitional deadline and brings licensed CASPs to 309.
- Four banking institutions joined, including three German banks, alongside platforms such as BitPay, Coinify and Bleap.
- Germany and Denmark led the latest additions with three new CASPs each.
- ESMA reported no changes to ART, EMT or non-compliant entity registers in this update.
What happened in ESMA’s latest MiCA register update?
European authorities added 15 crypto companies—including a BNY Mellon unit—to the Markets in Crypto-Assets (MiCA) framework register. According to Cointelegraph, the European Securities and Markets Authority (ESMA) published the update on Friday as the third expansion of regulated providers since the July 1 transitional deadline.
With the new listings, ESMA’s interim MiCA register shows 309 licensed crypto-asset service providers. The latest entries include four banking institutions and several digital asset platforms.
Which providers joined alongside the BNY Mellon unit?
The banking cohort includes BNY SA/NV, the Belgian subsidiary of US banking giant BNY Mellon, plus three German banks: Spar-und Kreditbank Rheinstetten, VR-Bank Augsburg-Ostallgäu, and Raiffeisenbank Falkenstein-Wörth.
Digital asset platforms named in the update include BitPay, Coinify and Bleap. Other newly listed providers include Bulgaria’s Altcoins BG and Digital Assist; Denmark’s SafeLynx Technologies and Januar; and Latvia-registered Bleap and Nodu Digital.
By country, Germany and Denmark accounted for the largest share of the latest additions, with three new CASPs each. Bulgaria and Latvia followed with two apiece, while Belgium, Cyprus, Liechtenstein and the Netherlands each added one provider.
Why does the MiCA expansion still matter after the deadline?
MiCA introduced the European Union’s first unified rules for crypto service providers and aims to bring more oversight to the sector. Continued post-deadline register updates show implementation remains an evolving process as firms complete licensing across European markets.
ESMA’s prior second post-deadline update added 14 CASPs, including major industry names such as Ripple Payments Europe. In the latest round, the regulator reported no changes to other MiCA-related registers, including authorized issuers of asset-referenced tokens (ARTs), e-money tokens (EMTs), and crypto assets, as well as non-compliant entities.
Even as the CASP roster grows, some industry executives warn that the cost of maintaining a MiCA license could push smaller firms out of the market. Gate Europe CEO Giovanni Cunti has said some licensed companies may struggle to sustain the compliance resources required over the long term.