DriveWealth Receives MiCA Authorization from the Bank of Lithuania to Launch Crypto Asset Services
Prefer us on GoogleDriveWealth announced that its European subsidiary, UAB DriveWealth Europe, has been authorized by the Bank of Lithuania to become a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCA). DriveWealth plans to gradually open related services to partners starting in 2027, with specific launch dates to be announced later. UAB DriveWealth Europe previously held a MiFID II license issued by the Bank of Lithuania. Once the crypto asset services are launched, banks, fintech companies, digital wallets, and brokerages will be able to access crypto asset services alongside existing investment services such as U.S. stocks, ETFs, fixed income products, and options through the same interface. DriveWealth also announced a partnership with Ripple, planning to introduce RLUSD stablecoin settlement, cross-border payments, and digital asset custody in Europe first.
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