EU MiCA Register Expands With 14 New Companies

Key Takeaways ESMA’s July 16 update added 14 firms to its central MiCA register, bringing the listed CASP total to […]

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The most recognisable addition is Ripple Payments Europe S.A., the Luxembourg entity through which Ripple provides regulated crypto payment services in the European Economic Area. The update also includes five bank-branded institutions and several established European exchanges and Bitcoin service providers.

The wording is important: ESMA did not issue 14 licences on July 16. National regulators granted or received the relevant authorisations and notifications before sending the records to ESMA. The regulator then incorporated them into the EU-wide register during its weekly update.

The mix shows that MiCA authorisation is not limited to crypto-native exchanges. The register increasingly includes cooperative banks, private banks, payment companies, trading platforms, and firms focused specifically on Bitcoin.

Each registration should still be examined separately. A firm’s appearance in the register does not mean it is authorised to provide every service covered by MiCA. The official record specifies which activities the relevant national regulator has approved, such as custody, exchange, execution, transfer services, order placement, or advice.

Ripple Can Now Scale Payments Across the EEA

Ripple announced its final MiCA CASP authorisation on July 6, after receiving preliminary approval from Luxembourg’s Commission de Surveillance du Secteur Financier in June.

The authorisation applies to Ripple Payments Europe S.A. and allows Ripple to provide its regulated crypto payments product to financial institutions, corporations, and other business customers across the 30 countries of the European Economic Area.

Cassie Craddock, Ripple’s managing director for the UK and Europe, said the approval left the company “fully compliant and ready to scale.”

The licence adds a crypto-service layer to Ripple’s existing European regulatory position. Its separate electronic money institution authorisation covers relevant fiat-payment activities, while the CASP approval covers regulated services involving crypto-assets.

That combination is useful for an enterprise payment provider because many cross-border transactions involve both sides of the financial system. A business may fund a payment in traditional currency, use a stablecoin or another digital asset during settlement, and deliver local currency to the recipient.

MiCA authorisation does not mean Ripple received regulatory approval for XRP or every asset used through its products. The licence applies to the company and the specific crypto services it is permitted to provide.

ESMA Maintains the Register, but National Regulators Decide

Under the Markets in Crypto-Assets Regulation, authorisation begins with a national competent authority. Ripple’s application, for example, was handled by Luxembourg’s CSSF rather than ESMA.

Once authorised, a CASP can use MiCA’s passporting system to provide approved services across other EEA countries, subject to the required notifications. This replaces the earlier model in which firms often needed separate registrations under different national crypto regimes.

The CSSF explains that CASPs are subject to prudential, organisational, and supervisory requirement. Certain already-regulated financial institutions, including banks and investment firms, may provide eligible crypto services through a notification process rather than applying for an entirely separate CASP authorisation.

That helps explain why conventional banks appear alongside crypto-native companies in the same ESMA dataset.

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The Register Matters More After the Transition Ended

Most of MiCA’s rules for crypto service providers became applicable on December 30, 2024, but countries could allow qualifying firms to continue operating temporarily under their previous national regimes.

That transitional window ended on July 1, 2026. In its statement on the end of the MiCA transitional period, ESMA instructed unauthorised providers to wind down their services in an orderly manner while protecting clients.

The July register update therefore arrives after the regulatory dividing line became clearer. Companies generally need MiCA authorisation, an eligible notification, or another valid legal basis to continue providing covered crypto services across the EU.

A brand name alone is not enough. Large crypto groups often operate through several subsidiaries, and only one named entity may hold the MiCA authorisation used for European customers.

Registration Is Not a Guarantee Against Loss

MiCA creates a common operating standard, but inclusion in the ESMA register does not make a crypto product risk-free or guarantee that a company cannot fail.

The authorisation confirms that a firm has passed the applicable regulatory process and is subject to ongoing supervision. It does not guarantee:

ESMA also notes that its register is updated weekly rather than in real time. A national regulator may publish a decision before it appears in the central file.

The addition of Ripple and 13 other firms shows that the licensed European market is continuing to expand after the transitional period. The more useful signal, however, is not only the increase from 280 to 294 registered providers. It is the widening range of institutions – banks, payment companies, exchanges, and specialised Bitcoin firms – moving under the same EU regulatory framework.

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Source: https://coindoo.com/eu-mica-register-expands/

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