BNY unit wins MiCA entry as Europe’s crypto register hits 309

The European Securities and Markets Authority has added 15 crypto-asset service providers to its interim Markets in Crypto-Assets register.
Summary

• ESMA added 15 authorised CASPs, lifting the register to 309 distinct providers across European markets.
• BNY's Belgian subsidiary gained approval for crypto custody and transfer services under the MiCA framework.
• Germany contributed four new entries, while Denmark added three as post-deadline licensing activity continued steadily.

The additions lifted the list to 309 distinct authorised providers, based on the latest register file dated July 23 and published through ESMA's MiCA page on July 24.

The new entries include BNY SA/NV, the Belgian banking subsidiary of U.S. financial services group BNY. The National Bank of Belgium authorised the unit on July 20 for crypto-asset custody and transfer services.

BNY joins banks and payment firms on the register

BNY SA/NV joins the MiCA register as traditional banks expand their regulated digital-asset operations in Europe. BNY describes itself as a global financial services platform. It reported $62.6 trillion in assets under custody or administration as of June 30. Its Belgian subsidiary already serves as a major European custody bank.

Three German cooperative banks also appeared among the new entries. They were Raiffeisenbank Falkenstein-Wörth, Spar- und Kreditbank Rheinstetten and VR-Bank Augsburg-Ostallgäu. Germany also added JT Technologies, taking the country's total for this update to four rather than three.

The register also added BitPay B.V. in the Netherlands and Coinify ApS in Denmark. Both companies provide digital payment services. Denmark's other additions were SafeLynx Technologies and Januar, which provides payment and banking infrastructure for digital-asset companies.

ESMA adds providers from eight European jurisdictions

The 15 additions came from eight jurisdictions. Germany led with four entries, followed by Denmark with three. Bulgaria and Latvia each added two providers. Belgium, Cyprus, Liechtenstein and the Netherlands each contributed one.

Bulgaria's entries were Altcoins BG and Digital Assist. Latvia added Bleap and Nodu Digital. The remaining providers were Damoon Technology Europe in Liechtenstein and SG Digital Assets in Cyprus. ESMA's register lists each firm with its national regulator, approval date and permitted services.

MiCA register expands after July transition deadline

The update followed the end of the European Union's MiCA transition period on July 1. Companies that previously operated through national registrations must now hold a CASP authorisation for covered services or take steps to stop those activities. ESMA says national regulators supply the register data and that it republishes the files weekly.

A MiCA authorisation granted by one national authority can support cross-border services after the required passporting process. However, approval only covers the services listed for that provider. BNY's entry covers custody and administration of crypto-assets and transfer services on behalf of clients. It does not list exchange or trading-platform operations.

As crypto.news previously reported, ESMA added 14 providers in the prior update, taking the register to 294. That group included Ripple Payments Europe, Portugal's Bison Bank and Hrvatska poštanska banka in Croatia. Ripple said its Luxembourg authorisation supported regulated payment services across Europe.

Compliance costs remain a concern for licensed firms

The rising CASP count shows that national authorities continue processing applications after the transition deadline. It does not show how quickly each provider will launch services or whether every authorised business can support the long-term cost of compliance.

Gate Europe chief executive Giovanni Cunti recently warned that some licensed firms may "not be capable to sustain the cost and the resources" needed over time. He said the framework creates a smaller regulated market, while ongoing staffing, reporting, security and capital requirements may remain difficult for some operators.

ESMA's register serves as a public record of authorisation, not a rating of a company's financial strength or service quality. The regulator also notes that register information may not appear immediately because national authorities first send the data to ESMA.

The addition of BNY and three German banks adds more traditional finance names to the MiCA system. At the same time, the new group includes payment companies, infrastructure providers and smaller crypto businesses. Future weekly files will show whether the number of authorised providers continues rising after the July 1 deadline.