The February 2027 deadline represents a punchy five-month process for firms to make their applications. In theory, the companies that already received registration under the FCA’s existing regime, which focused on anti-money laundering primarily, may find much of the heavy lifting has already been done.

One of those 60+ companies is Zumo, a crypto infrastructure platform which won registration in 2021. The Edinburgh-based firm has built a “U.K Cryptoasset Regulation Tracker,” telling firms what the rules will require them to do and mapping timelines for regulatory milestones.

“Everyone else publishing a traceker is a law firm or consultancy. We’re developing ours as industry operators,” Nick Jones, founder and CEO of Zumo,…