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Hi Saw,
To further check, can you confirm if already past 24 from the time of license assignment? If not yet, please note that in some tenants it doesn’t appear immediately after license assignment. This is usually a provisioning delay or a tenant setup issue, not a licensing limitation.
The SharePoint admin center may not show if the service hasn’t finished provisioning or hasn’t been initialized. Try the direct URL, clear your cache, and wait up to 24 hours.