DriveWealth's European subsidiary, UAB DriveWealth Europe, has received authorization from the Bank of Lithuania as a crypto-asset service provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), enabling it to offer crypto services across the EU. The license complements its existing MiFID II authorization, allowing a single entity to operate both securities and crypto businesses within the bloc.
The Brokerage-as-a-Service platform plans to roll out crypto services in phases next year. This development follows DriveWealth's earlier partnership with Ripple to integrate RLUSD stablecoin settlement, cross-border payments, and digital asset custody into its infrastructure, with Europe as the initial deployment region.
DriveWealth Secures MiCA License from Lithuania to Expand Crypto Services Across EU
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