Asset-Referenced Token (ART) Issuers under MiCA
An asset-referenced token (ART) is a crypto-asset that keeps a stable value by referencing a basket — several official currencies, commodities, other crypto-assets, or any combination. ARTs are the more heavily regulated of MiCA's two stablecoin categories, because a basket-backed token can grow systemically significant.
This page tracks every ART issuer authorised under MiCA. It is one of the most closely watched — and currently emptiest — corners of the register.
As of 18 August 2026, the register contains no ART issuers — see below for why. Data is sourced from the ESMA interim register.
The ART issuers register is currently empty. This page will populate automatically as soon as ESMA or a national competent authority publishes an entry.
Why the ART register matters even when it is empty
MiCA's stablecoin provisions have applied since June 2024, yet the asset-referenced token register has stayed conspicuously bare. The requirements are demanding: an ART issuer needs its own authorisation, a fully backed and segregated reserve, a redemption right for holders, and — once a token is deemed significant — direct supervision by the European Banking Authority together with caps on use as a means of payment. Most projects that could have gone the ART route have instead issued single-currency e-money tokens, which face a lighter and better-understood regime.
What to watch
If ART authorisations do appear, they will most likely come from established credit institutions rather than crypto-native issuers, and they will show up here as soon as ESMA or a national authority publishes them. Until then, the practical answer to "which asset-referenced tokens are authorised in the EU?" is: none.