Brokerage service provider DriveWealth obtains Lithuanian crypto asset service authorization
Original headline经纪服务商 DriveWealth 获立陶宛加密资产服务授权
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DriveWealth’s European subsidiary UAB DriveWealth Europe has secured authorization from the Bank of Lithuania to provide crypto-asset services, including custody and management as well as the execution, reception and transmission of crypto-asset orders. The approval follows the firm’s October 2024 receipt of a financial brokerage license from the same regulator. The move expands the U.S. brokerage infrastructure provider’s regulated footprint in the EU as crypto oversight tightens under the bloc’s MiCA framework. It matters because DriveWealth powers investing for a broad base of fintech and brokerage partners, so the license could widen regulated crypto access across Europe. Next, watch whether DriveWealth integrates crypto custody and order routing into its partner platform and how quickly EU clients can onboard.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
DriveWealth, UAB DriveWealth Europe, Bank of Lithuania, Lithuania