2026-11-11
Lithuania’s crypto-asset services market welcomes a new participant today: Lietuvos bankas has authorised UAB DriveWealth Europe to provide crypto-asset services.
“This is another example demonstrating the potential of Lithuania’s financial market and the opportunities it offers for business growth. Lietuvos bankas is committed to ensuring a smooth licensing process and creating favourable conditions for financial institutions to develop their business in Lithuania, and expand from here into other markets. Such expansion strengthens the financial sector as a whole, broadens the range of services available and gives consumers greater choice,” says Vaida Markevičienė, Deputy Chair of the Board of Lietuvos bankas.
The company will be able to provide crypto-asset custody and administration services, execute orders for crypto-assets as well as receive and transmit such orders.
UAB DriveWealth Europe belongs to the international financial brokerage group DriveWealth, established in 2012, in the US.
In October 2024, Lietuvos bankas granted UAB DriveWealth Europe a financial brokerage firm licence.
DriveWealth works on a business-to-business (B2B) basis, providing Brokerage-as-a-Service to other financial institutions (banks, credit unions, financial brokerage firms, digital wallet providers, asset managers, etc.), enabling their clients to access the U.S. capital markets (NYSE and Nasdaq stock exchanges).
So far, Lietuvos bankas has authorised six companies to provide crypto-asset services: Robinhood Europe UAB, UAB Decentralized, Nuvei Liquidity UAB, UAB Micar assets, Newrails, UAB, and UAB BLUE EMI LT.