Aave Labs' UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd. (collectively known as Push), have been officially registered as cryptoasset providers by the country's Financial Conduct Authority (FCA). This authorization allows the company to operate in compliance with the UK's anti-money laundering regulations. This is reported by Cointelegraph.com reports .
This registration will assist Aave Labs in executing its plans to build regulated stablecoin infrastructure in the country. The Push platform describes itself as the simplest way to transfer funds between euros and stablecoins. According to the FCA registry, the London-based firm has been officially registered since May 12.
This regulatory approval paves the way for the subsidiary of the world's largest decentralized lending protocol to develop an on- and off-ramping system for converting stablecoins between bank accounts and crypto wallets. This development comes as the UK seeks to fully regulate the crypto sector under the Financial Services and Markets Act (FSMA), which comes into force in October 2027.
The Push platform allows users to perform transactions between euros and stablecoins without commissions or spreads. Crucially, the platform provides non-custodial services, meaning Push does not hold user funds—stablecoins are transferred directly to the user's wallet.
Currently, Push services are available to Irish residents, and the company plans to expand across the entire European Economic Area (EEA) soon. In this market segment, the Aave Labs project competes with major solutions such as Coinbase, Ramp Network, Bleap, and Alchemy Pay.
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