Aave Labs Subsidiaries Secure UK Crypto Registration

Aave Labs has secured registration from the UK’s Financial Conduct Authority (FCA) for its two British subsidiaries, Push Labs Limited and Push Virtual Assets Limited [1]. These registrations allow the entities to operate as cryptoasset exchange providers, enabling the company to offer regulated crypto services alongside its existing electronic money operations in the UK [2].

Key takeaways

• Push Labs Limited and Push Virtual Assets Limited received FCA registrations numbered 1031720 and 1031721 [1].
• The subsidiaries already hold Electronic Money Institution (EMI) authorization, creating a dual-permissioned framework for regulated financial services [2].
• The company plans to launch zero-fee on- and off-ramping services for stablecoins, allowing users to convert between British pounds and digital assets without transaction fees [1].
• This UK development follows the November 2025 authorization of an Irish subsidiary as a Crypto-Asset Service Provider (CASP) under EU MiCAR regulations [2].

Building a Dual-Permissioned Financial Framework

The FCA registration allows the Push entities to integrate blockchain-based infrastructure with traditional payment services [3]. By stacking the new cryptoasset registration on top of their existing EMI authorization—held under firm reference number 900984—the subsidiaries can now provide a comprehensive suite of fiat-to-crypto services [1]. According to Aave Labs, this structure is designed to support the rollout of mainstream consumer financial products, including stablecoin infrastructure and fiat-to-crypto payment systems [2].

Stani Kulechov, founder and CEO of Aave Labs, stated that these regulatory permissions provide the foundation for delivering next-generation, fee-free on-chain consumer products [3]. The company is positioning its "Push" brand as a regulated gateway that connects decentralized blockchain infrastructure with mainstream financial services [3]. This expansion is part of a broader European strategy; the company’s Irish subsidiary, Push Virtual Assets Ireland Limited, previously secured a CASP license, which provides passporting rights across the 30-country European Economic Area [1].

Why it matters

The regulatory approvals represent a strategic effort to bridge the gap between decentralized finance (DeFi) and regulated institutional financial services [1]. By securing formal registration, the subsidiaries may be better positioned to partner with traditional financial institutions that require compliance with anti-money laundering regulations [1].

The timing of the UK registration aligns with the country’s transition toward a more comprehensive crypto regulatory regime under the Financial Services and Markets Act, with a full authorization framework expected by 2027 [3]. While these developments expand the footprint of Aave Labs’ corporate subsidiaries, the impact on the Aave DAO and the AAVE token remains indirect, as the two entities operate separately [1]. Future monitoring will focus on whether these regulated services eventually integrate with the decentralized Aave protocol [1].