Who actually holds one
The shortest way to understand the bar in Lithuania is to look at who has cleared it.
As at 3 March 2026, the Bank of Lithuania had granted four CASP authorisations under MiCA: Robinhood Europe UAB, UAB “Decentralized” (CoinGate), Nuvei Liquidity UAB and Micar assets UAB.
Bank of Lithuania, An authorisation of a crypto asset service provider granted to Micar assets, UAB (2026-03-03) · Bank of Lithuania, Supervised financial market participants · Verified on 2026-09-11 · Next review 2026-10-11
| 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.
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 (2026-03-03) · ESMA, Markets in 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 and the ESMA MiCA register.
Consultancy pages circulating a figure of three authorisations as at May 2026 are wrong: the regulator announced the fourth on 3 March 2026.
Regulatory references on this page were read against the primary text on 14 September 2026. Every figure is held in the source register with the document it came from.