Aave Labs Wins FCA Cryptoasset Registration for UK Subsidiaries

Aave Labs has secured a significant regulatory milestone in the United Kingdom. Its two UK subsidiaries, Push Labs Limited and Push Virtual Assets Limited, have been officially registered with the Financial Conduct Authority (FCA) as cryptoasset exchange providers. The registrations, numbered 1031720 and 1031721, mean both entities can now operate under UK anti-money laundering regulations and offer regulated crypto services to British users.

The move builds on permissions the two entities already held. Both Push Labs Limited and Push Virtual Assets Limited already held Electronic Money Institution (EMI) authorisation under the UK's Electronic Money Regulations 2011, under firm reference number 900984. That existing licence allowed them to issue and manage electronic money. The new FCA cryptoasset registration layers regulated crypto exchange capabilities on top, creating what analysts describe as a dual-permissioned framework.

The combined permissions allow the "Push by Aave" brand to operate a regulated payments infrastructure and provide zero-fee stablecoin on/off-ramping for users in the UK. Users can convert between pounds sterling and supported stablecoins, including Aave's native stablecoin GHO, without incurring transaction fees. That stands in contrast to centralised exchanges, which often apply significant spreads and processing charges on similar conversions.

Part of a Broader European Regulatory Push

The UK approval does not stand alone. In November 2025, Push Virtual Assets Ireland Limited secured Crypto-Asset Service Provider (CASP) authorisation under the EU's Markets in Crypto-Assets Regulation (MiCAR) from the Central Bank of Ireland, unlocking passported access to the 30-country European Economic Area. Because the UK operates its own post-Brexit regulatory framework, a separate FCA registration was required to cover British users.

Together, the two approvals give Aave Labs regulated footing across the two largest crypto markets in Europe. By stacking FCA registration on top of its existing EMI authorisation, Aave Labs' Push subsidiaries are positioned as potential partners for traditional financial institutions operating in the UK, rather than a compliance concern.

Aave's protocol itself remains decentralised and permissionless, operating globally on public blockchains. The regulated permissions apply only to the Push service entity, not the underlying protocol.

Sources:
Crypto Briefing: Aave Labs secures FCA registration for Push subsidiaries in UK
Crypto Times: Aave's UK Subsidiaries Receive FCA Crypto Exchange Provider Approval
Aave Labs Official Blog: Push by Aave Labs Gains MiCAR Approval