BNY Mellon unit joins MiCA register as ESMA adds 15 providers

Other newly registered firms include Bulgaria's Altcoins BG and Digital Assist; Denmark's SafeLynx Technologies and Januar, a digital asset infrastructure company; and Latvia-registered providers Bleap and Nodu Digital.

ESMA reported no changes to other MiCA-related registers in the latest update, including authorized issuers of asset-referenced tokens (ARTs), e-money tokens (EMTs), and non-compliant entities.

The update follows ESMA's second post-deadline addition of 14 CASPs, which included Ripple Payments Europe.

Some industry executives warn that the cost of maintaining a MiCA license could push smaller firms out of the market. Gate Europe CEO Giovanni Cunti said some licensed companies may struggle to sustain the required compliance resources over the long term.

The MiCA framework introduced the European Union's first unified rules for crypto service providers. Companies must complete licensing procedures in individual member states before appearing on ESMA's register.