Aave Labs’ Push subsidiaries secure FCA approval in UK

Aave Labs’ UK subsidiaries, Push Labs and Push Virtual Assets, have secured FCA approval to offer regulated, zero-fee stablecoin on/off-ramping and expand compliant crypto services in the UK.

Push Labs Limited and Push Virtual Assets Limited, subsidiaries of Aave Labs, have received registration as cryptoasset exchange providers from the UK’s Financial Conduct Authority (FCA). This regulatory approval, combined with their existing Electronic Money Institution (EMI) authorisation, establishes a dual-permissioned framework for regulated crypto services in the UK. With FCA registration, these entities can operate under anti-money laundering regulations, exchange cryptoassets for fiat currencies, and issue electronic money. Push by Aave Labs now offers zero-fee, non-custodial stablecoin on/off-ramping, allowing users to convert between fiat and stablecoins without transaction fees, with funds sent directly to users’ wallets. The platform is already active in Ireland and plans to expand into the European Economic Area. This regulatory milestone supports Aave Labs’ broader strategy to integrate decentralised finance with traditional financial regulations, aiming to boost mainstream adoption through compliant, user-friendly products and infrastructure.