Aave Labs Secures UK Regulatory Approval for Push Subsidiaries

Aave Labs has secured registration from the UK’s Financial Conduct Authority (FCA) for two of its subsidiaries, Push Labs Limited and Push Virtual Assets Limited [1]. This regulatory milestone allows the entities to operate as cryptoasset exchange providers, enabling the company to offer regulated crypto services and zero-fee stablecoin on- and off-ramping within the British market [1, 4].

Key takeaways

• The FCA granted registration numbers 1031720 and 1031721 to the two Push subsidiaries, ensuring compliance with the UK’s 2017 Money Laundering Regulations [1, 4].
• These new permissions complement the subsidiaries' existing Electronic Money Institution (EMI) authorization, creating a "dual-permissioned framework" for fiat and crypto services [3, 4].
• The platform intends to offer non-custodial services, allowing users to transfer stablecoins directly to their own crypto wallets without the company holding custody of the funds [2].
• This expansion follows the company’s November 2025 approval in Ireland, which provides a passport to offer similar services across the European Economic Area [3].

Building a Dual-Permissioned Financial Infrastructure

The newly acquired FCA registrations allow Aave Labs to layer crypto exchange capabilities onto its existing EMI authorization, which was previously granted under firm reference number 900984 [1, 3]. By combining these two regulatory statuses, the company aims to bridge the gap between traditional electronic money services and blockchain-based financial infrastructure [1, 3]. According to Aave Labs, this structure is designed to support the rollout of fiat-to-crypto payment systems and various consumer financial products [3].

The platform, branded as "Push," facilitates the conversion of pounds into stablecoins and vice versa without transaction fees [1, 4]. Stani Kulechov, founder and CEO of Aave Labs, described the move as a foundational step toward delivering innovative, fee-free on-chain consumer products [1, 3]. While the service is currently available in Ireland, the company has indicated plans to expand its reach across the European Economic Area [2].

Why it matters

The regulatory approvals represent a strategic effort by Aave Labs to align its corporate subsidiaries with the compliance requirements of traditional financial institutions [1]. By meeting the FCA’s standards, the company positions its Push subsidiaries as potential partners for institutional entities rather than compliance risks [1]. This is particularly relevant as the UK prepares for a broader crypto regulatory regime under the Financial Services and Markets Act, with a full authorization framework expected by 2027 [3].

For investors, the impact of these developments remains indirect, as Aave Labs operates as a separate entity from the decentralized Aave DAO [1]. While the DAO recently granted Aave Labs $25 million in stablecoins and 75,000 AAVE tokens to support growth, the regulatory success of the corporate subsidiaries does not automatically translate into value accrual for the Aave protocol’s token holders [1, 2]. Future monitoring will focus on whether these regulated services eventually integrate with or route activity through the decentralized Aave protocol [1].