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This is available with Trados Studio 2024 CU1 that was recently released.
Below is the history of changes to this idea's status. Return to the idea.
This will at least partially be delivered with Studio 2024 CU1, tentatively scheduled for beginning to mid Q4 2024. Initially this will be the normal Trados Studio license (Professional or Freelance as required). It will be possible to purchase such licenses as part of a Trados cloud subscription (such as Trados Enterprise), and Studio users will then be able to activate their local Studio version by logging into the Trados Enterprise account and retrieving their license this way. So that cloud account will work as a cloud license server in a way in such scenarios. It will also continue to be possible to "bring your own license" where a Studio user can bring their own subscription or perpetual license and still be able to log into the cloud account. In that case, no license will be consumed from the cloud account.
We have this, but there are some technical limitations in some cross-tenant scenarios with Trados Studio that will be resolved soon to make this more widely applicable. Internal tracking reference: LPB-6171
