Key facts
- Bridge Building, a Luxembourg-based entity linked to Stripe's stablecoin infrastructure, has been approved under the EU's MiCA framework.
- This approval allows Bridge to issue electronic money tokens (EMTs) within the EU.
- Bridge Building is now one of 42 authorized EMT issuers listed on the MiCA register.
- The company also secured a Crypto-Asset Service Provider (CASP) authorization and an Electronic Money Institution (EMI) license from Luxembourg's financial regulator.
- Three German entities were also added to the MiCA register as authorized CASPs.
Bridge Building, the Luxembourg-based entity associated with Stripe's stablecoin infrastructure, has officially joined the European Union's Markets in Crypto-Assets Regulation (MiCA) register. This inclusion follows regulatory approval in Luxembourg, marking a significant step for the company under the bloc's comprehensive crypto framework.
With this addition, Bridge Building becomes the 42nd authorized issuer of electronic money tokens (EMTs) within the EU, according to the latest update from the European Securities and Markets Authority (ESMA). The company had previously announced on July 2 that it had obtained a Crypto-Asset Service Provider (CASP) authorization under MiCA, alongside an Electronic Money Institution (EMI) license from Luxembourg's Commission de Surveillance du Secteur Financier.
Mai Leduc Blount, Bridge's Head of Product, stated that these approvals enable businesses operating within the EU to develop stablecoin and payment solutions within a regulated environment. The recent ESMA update also incorporated three new German entities into the authorized CASP list, bringing the total to 324. No changes were reported for asset-referenced token (ART) authorizations or the list of non-compliant crypto asset companies.