Brokerage-as-a-Service Provider DriveWealth Secures MiCA License from Lithuania's Central Bank

November 10 — According to an official announcement, global Brokerage-as-a-Service platform DriveWealth said its European subsidiary UAB DriveWealth Europe has been authorized by the Bank of Lithuania as a crypto-asset service provider (CASP) under the Markets in Crypto-Assets Regulation (MiCA), allowing it to offer crypto-asset services across the EU. The license builds on its previously obtained MiFID II license, enabling a single EU entity to cover both securities and crypto-asset businesses. DriveWealth said the relevant crypto services will be rolled out in phases next year. Previously, DriveWealth partnered with Ripple to integrate RLUSD stablecoin settlement, cross-border payments and digital asset custody into its infrastructure, starting first in Europe.