Add as a preferred source on GoogleUAB DriveWealth Europe Wins Lithuania’s MiCA Authorization for Crypto Services
The company plans to open access to partners in phases from 2027. Banks, fintech firms, digital wallets and brokerages are among the intended users.
DriveWealth’s European affiliate has received authorization in Lithuania to provide crypto services under the European Union’s Markets in Crypto-Assets Regulation, clearing a regulatory step ahead of a phased partner rollout planned for 2027.
The Bank of Lithuania, Lithuania’s central bank, approved UAB DriveWealth Europe as a crypto-asset service provider under MiCA. DriveWealth plans to open the services to partners in stages starting in 2027, with specific launch dates to be announced later.
Banks, fintech companies, digital wallets and brokerages will be able to connect to the crypto offering through the same interface they use for DriveWealth’s existing investment products. Those products include U.S. stocks, exchange-traded funds, fixed-income products and options.
UAB DriveWealth Europe already holds a license under the European Union’s Markets in Financial Instruments Directive II, or MiFID II. DriveWealth previously announced plans with Ripple to introduce RLUSD stablecoin settlement, cross-border payments and digital asset custody in Europe. The MiCA services are planned to reach partners in phases in 2027.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.