Aave Labs Subsidiaries Secure UK Cryptoasset Registration

Aave Labs has reached a significant regulatory milestone in the United Kingdom, with two of its subsidiaries receiving approval from the Financial Conduct Authority (FCA) to operate as cryptoasset exchange providers [1]. The registration allows the entities, Push Labs Limited and Push Virtual Assets Limited, to provide regulated digital asset services while operating under British anti-money laundering oversight [2].

Key takeaways

• Push Labs Limited and Push Virtual Assets Limited received FCA registration numbers 1031720 and 1031721, respectively [2].
• The subsidiaries are now authorized to offer zero-fee on-ramping and off-ramping services between British pounds and stablecoins [2].
• This approval complements the group's existing Electronic Money Institution (EMI) authorization in the UK [1].
• Aave Labs previously secured Crypto-Asset Service Provider (CASP) authorization in Ireland in November 2025, enabling services across the European Economic Area [1].

Building a Dual-Permissioned Framework

The FCA registration enables Aave Labs to combine its existing electronic money services with new cryptoasset exchange capabilities [3]. By holding both an EMI license and the new cryptoasset registration, the company has established a "dual-permissioned framework" intended to support the rollout of mainstream consumer financial products [1]. According to Aave Labs, this infrastructure will facilitate zero-fee conversions, allowing users to move between fiat currency and stablecoins without transaction costs [2].

This development follows a broader European expansion strategy for the company. In November 2025, the group’s Irish subsidiary, Push Virtual Assets Ireland Limited, received authorization under the EU’s Markets in Crypto-Assets Regulation (MiCAR) framework [1]. While the Irish license provides a passport to serve the 30-country European Economic Area, the UK’s separate regulatory framework required these additional, distinct authorizations [2].

Why it matters

The move is viewed as a strategic effort to bridge the gap between decentralized finance infrastructure and regulated consumer services [3]. By securing formal regulatory status, Aave Labs is positioning its "Push" subsidiaries to act as a gateway for institutional and mainstream financial activity [3]. Regulatory registration is often considered a prerequisite for traditional financial institutions to engage with digital asset firms, potentially reducing compliance risks for future partners [2].

As the UK prepares for a comprehensive crypto regulatory regime under the Financial Services and Markets Act, which is expected to introduce a full authorization framework by 2027, early registration may provide a competitive advantage [3]. While these regulatory wins expand the footprint of Aave Labs’ corporate subsidiaries, it remains unclear how these services will interact with the decentralized Aave protocol, as the two entities operate independently [2].