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Glossary termPublished inMiCA

Qualifying holding

What does "Qualifying holding" mean under MiCA?

Any direct or indirect holding in a crypto-asset service provider or in an issuer of an asset-referenced token which represents 10% or more of the capital or of the voting rights, as set out in Articles 9 and 10 of Directive 2004/109/EC of the European Parliament and of the Council, taking into account the conditions regarding aggregation thereof laid down in Article 12(4) and (5) of that Directive, or which makes it possible to exercise a significant influence over the management of the crypto-asset service provider or the issuer of an asset-referenced token in which that holding subsists

Defined in / by

Last updated: 22 August 2026.

Regulations

  • Markets in Crypto-Assets (MiCA)

    MiCA is Regulation (EU) 2023/1114. Full application began on 30 December 2024 and the EU-wide transitional period expired on 1 July 2026, so there is now no grandfathering anywhere in the EEA. Around 325 crypto-asset service providers are authorised. Not one asset-referenced token issuer appears on ESMA's register.

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    Commission final report under Art. 140, covering DeFi, third-country equivalence, thresholds and consensus-mechanism environmental impact

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