Bridge Secures MiCA and EMI Licenses in Luxembourg to Operate Across EU
The approvals create a single EU passport that lets firms issue euro-backed stablecoins, offer named IBANs, run cross-border euro accounts.
Overview
- European regulators completed MiCA’s final transition on July 1, 2026, requiring licensed platforms to support only compliant stablecoins and prompting major exchanges to remove non‑compliant tokens.
- Bridge announced on Friday that it obtained both a MiCA crypto-asset service provider authorisation and an Electronic Money Institution licence in Luxembourg, giving it an EU-wide regulatory base.
- The dual licences allow Bridge to enable businesses to issue custom euro-backed stablecoins, provide virtual named IBANs in users’ names, and offer euro accounts that work across all 27 member states under one integration.
- Bridge says the approvals include capital, custody and operational safeguards that let fintechs, enterprises and banks use its platform for payments, intra-company transfers, loyalty programs and stablecoin settlement.
- The move accelerates a market shift toward licensed providers and custody bridges and could concentrate liquidity and onboarding in a handful of jurisdictions, creating short-term bottlenecks for displaced users.