Animoca Brands Secures VASP License in Dubai
- Animoca Brands has received a Virtual Asset Service Provider (VASP) license from Dubai’s regulatory authority.
- The firm can now offer broker-dealer services and manage digital assets in Dubai.
- This approval follows its in-principle licensing as a regulated fund manager in Abu Dhabi last November.
- Dubai established the Virtual Assets Regulatory Authority (VARA) in 2022 to oversee cryptocurrency operations.
- Other major exchanges like Binance have also gained regulatory approval in the region.
- Animoca manages over 600 blockchain investments and provides institutional services such as crypto treasury management.
The licensing of Animoca Brands marks a significant step for the company as it expands its operations within Dubai’s growing digital asset ecosystem, which is supported by VARA’s regulatory framework.
With this new license, Animoca can commence its operations in Dubai, further enhancing its portfolio of over 600 blockchain investments and institutional services.
