Bridge Joins EU's MiCA Register After Securing Luxembourg Approval
Bridge Building, a Luxembourg-based entity behind Stripe-owned stablecoin infrastructure company Bridge, has secured regulatory approval in Luxembourg to join the European Union's Markets in Crypto-Assets Regulation (MiCA) register.
The addition of Bridge brings the total number of MiCA-authorized electronic money token (EMT) issuers in the EU register to 42, according to an update published by the European Securities and Markets Authority (ESMA).
Bridge 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 in July.
The approvals will allow businesses in the EU to build stablecoin and payment products under a regulated framework, according to Mai Leduc Blount, Bridge's Head of Product.