Stripe-owned Bridge joins EU MiCA register after Luxembourg approval

Bridge Building, the Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has joined the European Union’s Markets in Crypto-Assets Regulation (MiCA) register after receiving regulatory approval in Luxembourg.

Bridge’s inclusion brings the number of MiCA-authorized electronic money token (EMT) issuers in the EU register to 42, according to the latest European Securities and Markets Authority (ESMA) update published on Wednesday.

The addition came weeks after Bridge announced on July 2 that it had secured a Crypto-Asset Service Provider (CASP) authorization under MiCA and an Electronic Money Institution (EMI) licence from Luxembourg’s Commission de Surveillance du Secteur Financier. Bridge’s Head of Product, Mai Leduc Blount, said the approvals allow businesses in the EU to build stablecoin and payment products under a regulated framework.

The same ESMA update added three new CASP entries from Germany, including Volksbank Die Gestalterbank, VBU Volksbank im Unterland and VR-Bank Erding, bringing the total number of authorized CASPs in the EU register to 324.

The update showed no changes to asset-referenced token authorizations, with no ART issuers listed. The list of non-compliant crypto asset companies was also unchanged.

ESMA has published more frequent updates to its MiCA register in recent weeks, with several updates in July.

Related: BNY Mellon unit joins MiCA register as ESMA adds 15 providers