DriveWealth Advances Global Expansion Plans with European Brokerage License from Bank of Lithuania

Lithuania will become DriveWealth’s base of operations for its European brokerage partners with plans to expand the team based in Lithuania.

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, today announced that the Bank of Lithuania, the central bank of the Republic of Lithuania, granted it a brokerage license in Europe. This license accelerates DriveWealth’s international expansion and marks its third region with regulatory status, including the United States, Singapore, and now the European Economic Area. 

DriveWealth powers modern investing experiences, including 24-hour trading and fractional share ownership, for a community of global B2B partners. Securing this license supports DriveWealth’s ability to expand its platform to offer European securities as well as provide a “follow-the-sun” 24/7 service model continuously across time zones. The new entity in Lithuania, named Drivewealth Europe, will be an integral component of DriveWealth’s international operations and European expansion.  

DriveWealth has experienced sustained growth globally, including through strong partnerships with innovators in Europe, the United Kingdom, Asia, and Oceania. With this latest license, DriveWealth aims to expand its offerings by introducing additional market-specific products in the future. 

In order to grow its presence in Lithuania and the broader European market, DriveWealth will work closely with Invest Lithuania, the country’s agency that promotes foreign investment and supports businesses in Lithuania. Invest Lithuania works collaboratively with the Bank of Lithuania to foster economic growth and stability.  

Founded in 2012, DriveWealth’s technology platform allows established companies and emerging digital-native firms to provide securities trading to their clients efficiently and in a compliant fashion. The license will enable DriveWealth to support a further range of clients and opens up more opportunities within its European audience.  

About DriveWealth: 

DriveWealth is a global B2B financial technology platform. Our core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for digital wallets, broker-dealers, asset managers and consumer brands. DriveWealth’s APIs provide our partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership.