BNY Mellon's Belgian Unit Wins MiCA Registration as ESMA Hits 309 Authorized Providers
BNY Mellon's Belgian subsidiary obtained authorization under the European Union's Markets in Crypto Assets Regulation, one of 15 new crypto asset service providers registered with ESMA in recent weeks. The EU's register of authorized CASPs now totals 309 firms following the July regulatory deadline.
Key Takeaways
- 1## BNY Mellon Joins European Register BNY Mellon's Belgian unit secured authorization as a crypto asset service provider under MiCA, the EU's comprehensive regulatory framework for digital asset markets.
- 2The subsidiary joins 14 other firms that obtained CASP status in the latest batch of registrations, according to data from the European Securities and Markets Authority.
- 3## Register Reaches 309 Firms The ESMA register of authorized crypto asset service providers now stands at 309 entities following the July compliance deadline for MiCA implementation across the bloc.
- 4The new registrations reflect both legacy financial institutions entering the regulated crypto sector and specialized digital asset firms securing formal authorization.
- 5The baseline of 309 registered providers represents the full scope of firms that completed the application process by the required date.
BNY Mellon Joins European Register
BNY Mellon's Belgian unit secured authorization as a crypto asset service provider under MiCA, the EU's comprehensive regulatory framework for digital asset markets. The subsidiary joins 14 other firms that obtained CASP status in the latest batch of registrations, according to data from the European Securities and Markets Authority.
Register Reaches 309 Firms
The ESMA register of authorized crypto asset service providers now stands at 309 entities following the July compliance deadline for MiCA implementation across the bloc. The new registrations reflect both legacy financial institutions entering the regulated crypto sector and specialized digital asset firms securing formal authorization. The baseline of 309 registered providers represents the full scope of firms that completed the application process by the required date.
Why It Matters
For Traders
Traditional finance firms entering the MiCA register may increase custody and settlement options for institutional traders in EU-regulated markets.
For Investors
BNY Mellon's entry signals institutional adoption of EU regulatory infrastructure, reducing legal uncertainty for stablecoin and asset tokenization products.
For Builders
The 309-firm register baseline sets the competitive landscape for dApps and protocols seeking to onboard compliant EU service providers and custody partners.
