Aave Labs secures UK approvals for regulated crypto payments infrastructure

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Aave UK crypto payments approval

Highlights

Aave Labs' subsidiaries Push Labs Ltd. and Push Virtual Assets Ltd. gained UK FCA registration and electronic money authorization, enabling a dual regulatory structure for compliant crypto payments infrastructure.
Aave aims to launch a zero-fee on- and off-ramp service that allows direct fund transfers from bank accounts into Aave without app exits.
In November 2025, Push Virtual Assets Ireland Ltd. secured a Crypto-Asset Service Provider license under MiCA, expanding Aave's regulatory reach across the EEA.

UK licensing framework supports payments rollout

The company said its subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., are now registered with the Financial Conduct Authority under UK anti-money laundering rules as cryptoasset exchange providers. Together with an existing FCA authorization under the Electronic Money Regulations 2011 to issue electronic money, the approvals give the group a dual regulatory structure for building compliant crypto payments infrastructure in the UK.

The immediate commercial target is a zero-fee on- and off-ramp that allows users to move funds directly from a bank account into Aave without leaving the app. In a statement, founder and chief executive Stani Kulechov said the permissions provide the regulatory base for next-generation onchain consumer financial products in the UK.

European expansion strengthens Aave's market position

The UK approvals add to a broader European regulatory expansion. 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, opening passporting rights across the European Economic Area.

Aave Labs is the primary contributor to Aave, which The Block's data dashboard identifies as the largest onchain credit market by total value locked. The latest approvals strengthen the firm's ability to connect regulated fiat payment rails with decentralized finance services as competition in digital asset infrastructure grows.

Our earlier article on the UK fintech slowdown outlined how tougher regulatory scrutiny, profitability pressures, and stronger competition from established banks have started to curb the sector’s growth. We noted that layoffs and closures are becoming more common, highlighting how scale and compliance capabilities are increasingly decisive for firms trying to expand in the UK market.

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