Licence Map Insights
The named cuts of the 457-company register: the presence matrix, the entrance year by year, the licensed banks, the passporting shape, and the live feed of what changed.
Live, not a PDF: every module below recomputes from the register pack. Recomputed on every weekly register refresh. This snapshot: July 27, 2026.
Back to the registerThe system behind this tracker
You are already inside Layer 1 of Meridial.
Meridial is the go-to-market system for digital asset companies. The intelligence reading this market for you is its first layer; two more, content and outbound, will turn it into commercial results and pipeline generated at scale for your team.
The open layer
The curve
N = 515 active licences with a grant date (563 active in total; the undated rest cannot sit on a time axis)The licence curve keeps steepening
182 active licences were granted in 2026 through July, after 186 across all of 2025. MiCA has applied since December 2024 and now carries 57% of every active licence in the map. Plotted: each active licence at its grant date.
10 public registers, compiled by Meridial · snapshot 2026-07-27
The entrance
N = distinct companies with an active licence, per regimeTraditional finance, regime by regime
172 of 481 companies on the map are not crypto-native. In the EU the TradFi share runs 40%, against 27% in the rest of the world.
snapshot 2026-07-27
The field
N = 481 companies (licensed, pipeline, and exits)Who the licensed universe is
Crypto-native platforms are the single largest type at 165, and 52 banks now hold a crypto licence somewhere in the map.
snapshot 2026-07-27
The gated analysis
Unlock the analysis
The named depth: 8 more modules
The charts above are the open layer. Below sits the analysis: named leaderboards, lifecycles, and full feeds, recomputed from the register on every refresh, so nothing here ever goes stale. Free: we ask four things so we know who is using it. One unlock opens every tracker's insights.
The cross-regime presence matrix
The 12 companies holding the most regulatory ground, as a grid: one filled cell per regime where they hold licences. The view no single register can draw.
Unlocks with the form above
The entrance, year by year
Active licences by grant year, split crypto-native vs traditional finance. The TradFi share climbing is the market's biggest structural story.
Unlocks with the form above
The licensed banks
Every bank holding an active crypto licence: when they arrived, and the complete named set. The cleanest TradFi-entry evidence the registers hold.
Unlocks with the form above
Two fingerprints
What each origin group is: the share of crypto-native firms per type against the share of TradFi firms per type. Two different animals, one register.
Unlocks with the form above
MiCA by home member state
Where the active CASP licences sit, the top four home states emphasized. Home state is where a licence lives; passporting is where it sells.
Unlocks with the form above
The passporting footprint
Four buckets of ambition: pan-European, the middle, narrow, domestic-only. The distribution is bimodal, and the middle is nearly empty.
Unlocks with the form above
The live register feed
Register events per week since June 2026, and the dated ledger behind them. The freshness layer: what moved, when, where.
Unlocks with the form above
The pipeline, and the exits
Who is on the way in, and who left. Lifecycle honesty, named: exits stay on the map, because that is what makes the counts trustworthy.
Unlocks with the form above
Company counts and licence counts are stated separately, never conflated. One company can hold several licences through separate legal vehicles. Full methodology.