Banks Have Captured Share of EU Crypto Registry
Traditional lenders now account for 23% of all registered crypto-asset service providers in the European Union.
Updated on Sept. 18, 2026 in Financial Services
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Banks have expanded their footprint on the European Securities and Markets Authority ledger, reaching nearly 80 institutions as of mid-September 2026. This growth represents 23% of the total 349 registered crypto-asset service providers currently operating under MiCA regulations.
Why it matters
Financial institutions are utilizing existing regulatory standing to expedite their entry into digital asset services. By leveraging Article 60 notification routes, these banks bypass the more lengthy licensing procedures required for standalone crypto-native firms.
The number of registered crypto-asset service providers rose to 349 by mid-September 2026, up from 243 in late June. Banks now command a 23% share of the registry, while non-bank entities maintain the remaining 77%.
The players
European Securities and Markets Authority
This is the primary regulatory body responsible for maintaining the ledger of authorized crypto-asset service providers across the European Union.
Deutsche Bank
This major German financial institution is a significant player currently seeking regulatory clearance to offer digital asset custody services.
The details
German financial institutions are leading the expansion as they integrate digital asset capabilities into their existing infrastructure. Deutsche Bank is among those moving forward, specifically targeting regulatory approval for its digital asset custody services by October 2026.
Timeline
Late June 2026: The total number of registered crypto-asset service providers was 243.
Mid-September 2026: The register grew to 349 total providers, including nearly 80 banks.
October 2026: Deutsche Bank anticipates receiving MiCA regulatory approval.
Market Landscape
The shift highlights a broader industry trend where legacy financial institutions gain competitive advantages over crypto-native firms by utilizing existing banking licenses. This trend consolidates market share among established players as they formalize their presence within the European Union Markets in Crypto-Assets regulation framework.
Average banking customers may soon see digital asset custody services integrated directly into their existing financial platforms. This transition could lower the barrier to entry for retail clients who prefer accessing crypto services through familiar and regulated traditional lenders.
The takeaway
The rise of traditional banks in the crypto registry suggests that institutional credibility is becoming a key differentiator in the digital asset market. Readers should watch for more legacy banks to introduce integrated custody products as regulatory compliance becomes standardized.
What happens next
Deutsche Bank is scheduled to seek and potentially receive MiCA regulatory approval for its digital asset custody operations in October 2026.
Further reading
Learn more about the latest developments in Financial Services.
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