The European Securities and Markets Authority (ESMA) updated its temporary MiCA register on July 16, adding 14 new crypto-asset service providers (CASPs) to bring the total to 294. This marks a slowdown from the previous update on July 3, when 37 firms were added, suggesting the initial registration rush is cooling.
New Entrants Include Banks and Ripple Entity
Among the newly registered firms are Ripple Payments Europe, the European payments arm of Ripple; Portugal's Bison Bank; and Croatia's state-owned Hrvatska Poštanska Banka (HPB). Traditional financial institutions continue to join, including Germany's cooperative banks Volksbank Schwarzwald-Donau-Neckar and Raiffeisenbank Auerbach-Freihung, as well as Liechtenstein-based Kaiser Partner Privatbank. The register already features major banks like Spain's BBVA, Germany's Commerzbank, and Standard Chartered Luxembourg.
Token Registrations Unchanged
ESMA's registers for electronic money tokens (EMTs) and asset-referenced tokens (ARTs) saw no changes. The EMT list still includes 21 issuers, while the ART register remains empty with no approved issuers. EMTs are pegged to a single fiat currency, while ARTs are linked to multiple assets or commodities.
Non-Compliance List Expands
ESMA also added two firms to its non-compliance list at the request of Italy's CONSOB: Reversal Investment Group and Cortex. The list now totals 164 entities, including crypto exchange MEXC. Market observers view the update as a sign that MiCA is entering a steady-state phase, with the pace of new registrations moderating after an initial surge. The continued entry of banks and payment infrastructure firms indicates a shift from exchange-dominated services toward institution-led expansion in Europe's regulated crypto market.