A European subsidiary of BNY Mellon has been added to the European Union's MiCA register, one of 15 crypto-asset service providers newly recognized by the European Securities and Markets Authority in its latest update to the list.
## A Growing Register The addition marks the third update to the register since the deadline for compliance under the Markets in Crypto-Assets regulation passed. ESMA's expansion brings a mix of institutions onto the list, spanning both traditional banks and dedicated crypto platforms.
The presence of a BNY Mellon unit is notable given the firm's status as one of the world's largest custody banks. Its inclusion signals that established financial institutions are increasingly moving to operate within the EU's harmonized regulatory framework for digital assets.
The arrival of a major custody bank on the MiCA register underscores how traditional finance is stepping deeper into regulated crypto.
## What MiCA Means MiCA provides a single set of rules across the European Union for firms offering crypto-related services, aiming to replace the patchwork of national regimes that previously governed the sector. Providers listed on the register have secured authorization to operate under this unified structure.
The framework covers a broad range of activities, and the latest batch of additions reflects that diversity. The 15 newly registered entities include:
- Traditional banking institutions expanding into digital assets
- Established crypto-native trading and service platforms
- Firms seeking passporting rights to operate across EU member states
As more companies complete the authorization process, the register continues to fill out, offering a clearer picture of which providers are cleared to serve customers across the bloc. The steady growth suggests that compliance efforts are gaining momentum in the months following the regulatory deadline.