ESMA has added 14 crypto firms, including Ripple Payments Europe, to its MiCA register, bringing the total number of authorized CASPs to 294.
The European Securities and Markets Authority (ESMA) has expanded its interim Markets in Crypto-Assets (MiCA) register by adding 14 newly authorized crypto firms, including Ripple Payments Europe, increasing the total number of licensed crypto-asset service providers (CASPs) to 294.
The latest update, published in ESMA's interim MiCA register, reflects the continued rollout of the European Union's unified crypto licensing regime, which became fully enforceable following the end of MiCA's transitional period on July 1. Under the framework, authorized firms can generally passport eligible crypto services throughout the European Economic Area after receiving approval from a national regulator.
Ripple Payments Europe joins the expanding register
Among the newest additions is Ripple Payments Europe, following Ripple's recently announced authorization under the MiCA framework.
Ripple confirmed earlier this month that it had received full Crypto-Asset Service Provider (CASP) authorization from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF), allowing the company to provide regulated crypto-asset services across all 30 countries of the European Economic Area. The authorization complements Ripple's existing Electronic Money Institution license in Europe and broadens its regulated payments infrastructure for institutional customers.
Ripple said the approval enables its end-to-end payments platform to support regulated digital asset services for banks, financial institutions and corporate clients throughout the region.
MiCA licensing continues to reshape Europe's crypto market
The increase to 294 authorized CASPs demonstrates how the European crypto market continues to transition from fragmented national registration systems toward a single regulatory framework.
MiCA establishes common licensing, disclosure, governance and consumer protection requirements for crypto-asset service providers operating within the European Union. Rather than obtaining separate authorizations in multiple member states, firms that receive MiCA authorization can generally expand services across the bloc through passporting rights.
ESMA maintains the central register while national competent authorities remain responsible for licensing and supervising individual firms. According to ESMA, the register is updated on a weekly basis as new authorizations are reported by national regulators.
Regulatory momentum builds after the July transition deadline
The latest additions come shortly after the expiration of MiCA's transitional period.
From July 1 onward, firms providing crypto-asset services within the European Union are generally required to operate under MiCA authorization unless another legal exemption applies. Ahead of the deadline, ESMA instructed unauthorized firms to wind down their activities in an orderly manner and protect customer interests during the transition.
The regulatory shift has accelerated consolidation within Europe's digital asset sector as licensed firms compete to attract customers from businesses that either exited the market or suspended services while seeking authorization.
Industry analysts view the expanding register as evidence that Europe's regulatory framework is gradually moving from implementation toward broader operational adoption.
Why the latest register update matters
The growing number of authorized firms offers greater transparency for consumers and institutional clients seeking regulated crypto service providers.
Because ESMA publishes a centralized register, users can verify whether a provider has received authorization before using its services. The register also provides regulators with a common supervisory reference as MiCA becomes the primary legal framework governing crypto services throughout the European Union.
For companies such as Ripple, inclusion in the register reinforces their ability to compete across European markets under a single regulatory authorization rather than relying on separate national approvals.
What happens next
ESMA is expected to continue publishing weekly updates to its interim MiCA register as additional national regulators notify newly authorized firms.
Market participants will be watching whether the pace of approvals remains steady during the second half of the year and whether additional major exchanges, payment providers and custody firms secure authorization as Europe's crypto regulatory landscape continues to mature.
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