BNY SA/NV, the Belgian banking subsidiary of U.S. financial services group BNY, has gained approval for crypto-asset custody and transfer services under the MiCA framework. According to reports from crypto.news, the National Bank of Belgium authorized the unit on July 20 for these regulated digital-asset operations. BNY describes itself as a global financial services platform and reported $62.6 trillion in assets under custody or administration as of June 30. The Belgian subsidiary already serves as a major European custody bank and joins the MiCA register as traditional banks expand their regulated digital-asset operations in Europe.
Germany contributed significantly to the latest additions with four new entries, including three German cooperative banks. As reported by crypto.news, the German additions were Raiffeisenbank Falkenstein-Wörth, Spar- und Kreditbank Rheinstetten and VR-Bank Augsburg-Ostallgäu. Germany also added JT Technologies, taking the country's total for this update to four rather than three. This expansion demonstrates the growing interest from traditional German banking institutions in regulated digital-asset services.
The register additions came from eight European jurisdictions, with Germany leading at four entries and Denmark contributing three. According to crypto.news, Bulgaria and Latvia each added two providers, while Belgium, Cyprus, Liechtenstein and the Netherlands each contributed one. The new entries include BitPay B.V. in the Netherlands and Coinify ApS in Denmark, both providing digital payment services. Denmark's other additions were SafeLynx Technologies and Januar, which provides payment and banking infrastructure for digital-asset companies.
The additions followed the end of the European Union's MiCA transition period on July 1, when companies that previously operated through national registrations must now hold a CASP authorisation for covered services. As reported by crypto.news, ESMA says national regulators supply the register data and that it republishes the files weekly. The published CSV contains 312 rows, but a register comparison by NorthPoint counted 310 distinct entity-and-regulator pairs. This update follows ESMA's previous addition of 14 providers, taking the register to 294 before the July deadline.
The rising CASP count demonstrates that national authorities continue processing applications after the transition deadline, though it doesn't show how quickly each provider will launch services. According to crypto.news, Gate Europe chief executive Giovanni Cunti warned that some licensed firms may "not be capable to sustain the cost and the resources" needed over time. The framework creates a smaller regulated market, while ongoing staffing, reporting, security and capital requirements may remain difficult for some operators. ESMA's register serves as a public record of authorisation, not a rating of a company's financial strength or service quality.
