DriveWealth Secures MiCA Authorisation, but Crypto Services…
By Rick Steves
AI summary of the source article
DriveWealth’s European affiliate has secured MiCA authorisation from the Bank of Lithuania as a crypto-asset service provider. Crypto services are scheduled to become available in the new year and will roll out to partners in phases.
Why it matters
DriveWealth says the authorisation "gives partners a route to add crypto-assets alongside U.S. equities, ETFs, mutual funds, fixed income and options through one integration and one European regulatory partner."
Key facts
- UAB DriveWealth Europe was authorised as a crypto-asset service provider under MiCA by the Bank of Lithuania.
- The affiliate already holds a MiFID II investment-firm licence from the Bank of Lithuania.
- The authorisation follows an announced partnership with Ripple to add RLUSD stablecoin settlement, cross-border payments, and digital-asset custody.
Source excerpt · FinanceFeeds
The Bank of Lithuania authorisation gives DriveWealth’s European affiliate a regulatory basis to add crypto-asset services to its securities infrastructure, with the commercial scope and timing still to be rolled out in phases. DriveWealth says UAB DriveWealth Europe has been authorised by the Bank of Lithuania as a crypto-asset service provider under MiCA . The affiliate already holds a MiFID II…