Brokerage Service Provider DriveWealth Granted Crypto-Asset Services Authorization in Lithuania

TechFlow reported on November 10 that, according to a Bank of Lithuania announcement, DriveWealth's European subsidiary UAB DriveWealth Europe has been authorized to provide crypto-asset services.

The authorization covers the custody and management of crypto assets, as well as the execution, receipt and transmission of crypto-asset orders. The company previously received a financial brokerage firm license issued by the Bank of Lithuania in October 2024.

Source: TechFlow