--- title: "Who holds a Lithuanian CASP authorisation · LT MiCA Desk" description: "The firms the Bank of Lithuania has authorised under MiCA, in the order they were granted, with the announcement each came from, and what the pattern says about the bar." url: https://unbui.lt/insights/authorised-providers/ lang: en-GB updated: 2026-10-23 --- [Home](/) / [Record](/insights/) / Authorised providers # Who actually holds one The shortest way to understand the bar in Lithuania is to look at who has cleared it. Four firms hold a Lithuanian authorisation under Article 63 of MiCA: Robinhood Europe UAB, UAB “Decentralized” (CoinGate), Nuvei Liquidity UAB and UAB Micar assets. The most recent was granted on 26 February 2026, and on the ESMA register as last updated 20 October 2026 no fifth had followed it. [ESMA, Interim MiCA register, crypto-asset service providers (CASPS.csv)](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) (2026-10-20) · [Bank of Lithuania, An authorisation of a crypto asset service provider granted to Micar assets, UAB](https://www.lb.lt/en/news/an-authorisation-of-a-crypto-asset-service-provider-granted-to-micar-assets-uab) (2026-03-03) · Verified on 2026-10-23 · Next review 2026-11-23 Order and firm names from Bank of Lithuania announcements. Profiles are our summary of public information, not the regulator's characterisation. | Order | Firm | Profile | | --- | --- | --- | | First | Robinhood Europe, UAB | European arm of a listed US retail brokerage. | | Second | UAB “Decentralized” (CoinGate) | Lithuanian crypto payments processor with a long operating history. | | Third | Nuvei Liquidity UAB | Liquidity arm of an international payments group. | | Fourth | Micar assets UAB | Lithuanian privately owned company; one shareholder is the finance brokerage firm Myriad capital FMĮ UAB. | ## What the list has in common None of the four is a startup that arrived with a business plan and an off-the-shelf AML policy. Two are subsidiaries of established international financial groups, one is a payments processor with roughly a decade of operating history, and the fourth is backed by a licensed finance brokerage. Every one of them had a regulated parent, a real operating record, or both, before it applied. That is not a rule anywhere in the regulation: there is no ground for refusal based on being new. But it is the observable pattern, and it is a more honest guide to the level of preparation involved than any published timetable. ## Why the European register says six Lithuania shows six entries on the ESMA crypto-asset service provider register, not four. Two of them, Newrails UAB and UAB BLUE EMI LT, are recorded there as providing crypto-asset services under Article 60(4) of MiCA in relation to an e-money token they issue themselves. That is a notification by an institution already authorised for something else, not an authorisation under Article 63, and it cannot be applied for by a firm that has no other licence. [ESMA, Interim MiCA register, crypto-asset service providers (CASPS.csv)](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) (2026-10-20) · [EUR-Lex, Regulation (EU) 2023/1114 (MiCA), consolidated text](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32023R1114) · Verified on 2026-10-23 · Next review 2026-11-23 This is the single most common way the Lithuanian figure gets misreported. Someone opens the ESMA register, filters on Lithuania, counts the rows and publishes "six licensed CASPs". The register itself says otherwise in its own comments column: Newrails UAB and UAB BLUE EMI LT are both there under Article 60(4), each in relation to an e-money token it issues itself. Article 60 is the route by which a firm that already holds a licence of its own, such as a credit institution, an electronic money institution or an investment firm, notifies its competent authority that it intends to provide certain crypto-asset services alongside the business it is already authorised for. It is a notification against an existing permission. There is nothing to apply for if you do not already hold one, so for a company being formed to provide crypto-asset services the Article 60 rows on the register are not a cheaper door. They are somebody else's door. The practical consequence is narrow and worth stating plainly: if you hold or are obtaining an electronic money or payment institution licence, the question of whether you need a separate CASP authorisation at all is a real one and is worth settling before you budget for one. If you do not, four is your comparison set, not six. [The same gap across the whole European register](/insights/vasp-to-casp-under-mica/#register), where it turns out most entries stating a basis are notifications rather than authorisations. ## Where Lithuania sits regionally On ESMA data cited by the Bank of Lithuania on 3 March 2026, Finland had issued five CASP authorisations, Lithuania four, Latvia two and Sweden one. [Bank of Lithuania, An authorisation of a crypto asset service provider granted to Micar assets, UAB](https://www.lb.lt/en/news/an-authorisation-of-a-crypto-asset-service-provider-granted-to-micar-assets-uab) (2026-03-03) · [ESMA, Markets in Crypto-Assets Regulation (MiCA)](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) · Verified on 2026-09-11 · Next review 2026-10-11 Second in the Nordic-Baltic region on authorisations granted. Worth holding against the volume of marketing that describes Lithuania as the fast, easy European option: the numbers across the whole region are small, which tells you the constraint is the standard rather than any particular regulator's throughput. ### Check the live register, not this page The count moves. This page records what the regulator announced as at a stated date and does not pretend to be current, deliberately, because a number written into evergreen copy is wrong within weeks and stays wrong. The authoritative lists are the [Bank of Lithuania register](https://www.lb.lt/en/sfi-financial-market-participants) and the [ESMA MiCA register](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica). Consultancy pages circulating a figure of three authorisations as at May 2026 are wrong: the regulator announced the fourth on 3 March 2026. Readiness assessment ## Work out whether you are ready to file We map your business model onto the named MiCA services, work out the class and the capital that follows, and test the gaps against the grounds an authority refuses on. The output is a go or no-go, a gap list, a budget and a route. [Request an assessment](/assessment/) [Check your licensing scope first](/requirements/service-classes/) Enquiries go by email for now. Nothing on this site collects your details, and [the assessment page](/assessment/) sets out what to include. Regulatory references on this page were read against the primary text on 23 October 2026. Every figure is held in the [source register](/sources/) with the document it came from.