Aave Labs' U.K. subsidiaries received FCA approval to register as cryptoasset exchange providers under U.K. anti-money laundering rules. The two subsidiaries — Push Labs Ltd. and Push Virtual Assets Ltd., operating together as Push — now hold dual regulatory permissions: cryptoasset exchange provider registration and an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money. The dual-permissioned framework enables Aave Labs to build regulated payments infrastructure in the U.K., with the immediate commercial goal of a zero-fee on- and off-ramp allowing users to move money directly from their bank account into Aave without leaving the app.
Aave Labs Secures Dual-Permissioned Framework for U.K. Payments Infrastructure
The FCA approval for cryptoasset exchange provider registration, combined with the existing Electronic Money Regulations 2011 authorization to issue electronic money, gives Aave Labs the regulatory footing to offer full-stack fiat-to-crypto infrastructure in the U.K. "Our FCA EMI authorization and cryptoasset registrations provide the regulatory foundation to deliver next-generation, zero-fee onchain consumer financial products in the U.K.," Aave Labs founder and CEO Stani Kulechov said in a statement. The zero-fee on- and off-ramp is designed to let users move money directly from their bank account into Aave without leaving the app.
Push Subsidiaries Obtain Ireland CASP License Under MiCA
In November 2025, Aave Labs' Irish subsidiary Push Virtual Assets Ireland Ltd. obtained a Crypto-Asset Service Provider license under MiCA from the Central Bank of Ireland. The regulatory approval unlocked passporting rights across the European Economic Area, extending Aave Labs' regulatory footprint beyond the U.K.
Aave DAO Approves $25 Million Funding Grant for Aave Labs
The Aave DAO approved a $25 million funding grant for Aave Labs in April. Aave Labs is the primary contributor to Aave, the largest onchain credit market by total value locked. The firm also rolled out Aave V4 and its GHO stablecoin as part of a broader push into regulated consumer finance.
FCA Opens Consultation on Crypto Licensing Framework
The FCA opened a consultation on stablecoin issuance, trading platforms, and custody rules in April. A formal licensing gateway is set to open in September 2026, with the broader framework expected to take effect in October 2027.
FAQ
What regulatory approvals did Aave Labs receive in the U.K.?
Aave Labs' U.K. subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. received FCA approval to register as cryptoasset exchange providers under U.K. anti-money laundering rules. The subsidiaries also hold an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money, creating a dual-permissioned framework.
What is the immediate commercial goal of Aave Labs' U.K. approvals?
The immediate commercial goal is a zero-fee on- and off-ramp that lets users move money directly from their bank account into Aave without leaving the app. The dual regulatory permissions enable Aave Labs to offer full-stack fiat-to-crypto infrastructure in the U.K.
When did Aave Labs obtain regulatory approval in Ireland?
In November 2025, Aave Labs' Irish subsidiary Push Virtual Assets Ireland Ltd. obtained a Crypto-Asset Service Provider license under MiCA from the Central Bank of Ireland. The approval unlocked passporting rights across the European Economic Area.
