Licence Map Insights
The named cuts of the 564-company register: the entrance year by year, the age of every door, what the licences authorise, the licensed banks, the cross-regime matrix, how long footprints take to build, 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: October 12, 2026.
Back to the registerThe system behind this tracker
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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 = 620 active licences with a grant date (690 active in total; the undated rest cannot sit on a time axis)The licence curve keeps steepening
262 active licences were granted in 2026 through July, after 195 across all of 2025. MiCA has applied since December 2024 and now carries 56% of every active licence in the map. Plotted: each active licence at its grant date.
10 public registers, compiled by Meridial · snapshot 2026-10-12
The entrance
N = distinct companies with an active licence, per regimeTraditional finance, regime by regime
231 of 564 licensed companies are not crypto-native. In the EU the TradFi share runs 46%, against 32% in the rest of the world.
snapshot 2026-10-12
The field
N = 564 licensed companiesWho the licensed universe is
Crypto-native platforms are the single largest type at 165, and 103 banks now hold a crypto licence somewhere in the map.
snapshot 2026-10-12
The gated analysis
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The named depth: 11 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 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.
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Young doors, old doors
The median age of the active licences in each regime. MiCA's median licence is months old; Japan's is over seven years. Two different markets on one map.
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What the licences authorise
The ten MiCA services by how many CASP holders carry each: custody dominates, running a trading platform is the rarest permission, and its 20 holders are named.
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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.
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The passporting footprint
Four buckets of ambition: pan-European, the middle, narrow, domestic-only. The distribution is bimodal, and the middle is nearly empty.
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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.
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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.
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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.
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How long a footprint takes
First licence to latest licence, on one time axis, for every company active in 3 or more regimes. The multi-regime club was built in years, not quarters.
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The live register feed
Register events per week since June 2026, and the dated ledger behind them. The freshness layer: what moved, when, where.
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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.
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Company counts and licence counts are stated separately, never conflated. One company can hold several licences through separate legal vehicles. Full methodology.