Europe Adds More Crypto Firms Under MiCA – Here Is Why Regulated Adoption Keeps Expanding

• European regulators added 14 new crypto firms to the MiCA register, bringing the total number of licensed crypto service providers to 294.
• Ripple Payments Europe, several banks, and other financial institutions joined the regulated framework in the latest update.
• The continued expansion highlights growing institutional participation as firms seek compliance under Europe’s unified crypto regulations.

Europe’s cryptocurrency regulatory framework continues to gain momentum as authorities approved another wave of crypto companies under the Markets in Crypto-Assets (MiCA) regime.

The European Securities and Markets Authority (ESMA) updated its interim MiCA register by adding 14 new Crypto-Asset Service Providers (CASPs), increasing the total number of licensed firms to 294.

Although the latest update was smaller than the previous expansion, it demonstrates that companies across both the crypto and traditional banking sectors continue pursuing regulated digital asset operations throughout Europe.

Ripple and Banks Join the MiCA Framework

Among the most notable additions is Ripple Payments Europe, the European payments division of Ripple, which now joins the growing list of licensed crypto businesses operating under MiCA.

The update also included several traditional financial institutions, including Portugal’s Bison Bank, Croatia’s state-owned Hrvatska poštanska banka (HPB), Germany’s Volksbank Schwarzwald-Donau-Neckar and Raiffeisenbank Auerbach-Freihung, along with Kaiser Partner Privatbank from Liechtenstein.

Their inclusion further highlights how established banks are increasingly integrating regulated cryptocurrency services into their broader financial offerings.

Traditional Finance Continues Moving Into Crypto

The latest approvals build on an earlier MiCA register update that added 37 licensed providers shortly after the framework’s transitional period ended.

The register now includes numerous well-known financial institutions, such as BBVA, CaixaBank, Commerzbank, CACEIS Bank, and Standard Chartered Luxembourg, reflecting growing institutional confidence in Europe’s regulatory environment.

As more banks secure MiCA authorization, the line between traditional finance and digital assets continues to narrow.

Stablecoin Registers See No Changes

While the CASP register expanded, ESMA reported no new approvals for either Electronic Money Tokens (EMTs) or Asset-Referenced Tokens (ARTs).

The EMT register remains at 21 approved issuers, while the ART register still has no authorized issuers, indicating that stablecoin regulation remains one of the slower-moving areas under MiCA.

ESMA also expanded its non-compliant register by adding two new entities following enforcement actions by Italy’s securities regulator, bringing the total number of firms on the list to 164.

Europe’s Crypto Framework Continues to Mature

The latest MiCA update suggests that Europe is steadily building one of the world’s most comprehensive regulated cryptocurrency ecosystems.

Although the pace of new approvals has slowed compared to the initial post-deadline surge, the continued addition of both crypto-native companies and traditional financial institutions signals that firms remain committed to operating within Europe’s unified regulatory framework.

As licensing activity continues and more institutions enter the market, MiCA is increasingly becoming a global benchmark for regulated digital asset services.

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