Animoca Brands Secures Dubai VASP License from VARA
Animoca Brands has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant milestone in its expansion into the Middle East. The license permits the company to offer broker-dealer services and manage crypto investments, excluding operations within the Dubai International Financial Centre (DIFC).
Dubai’s regulatory clarity under VARA, established in 2022, continues to attract global crypto firms. Animoca’s approval underscores its strategic positioning in one of the fastest-growing digital asset markets, with a focus on institutional and qualified investors.
The license bolsters Animoca’s ecosystem, which includes platforms like The Sandbox and Moca Network, alongside its portfolio of over 600 blockchain investments. Regulatory compliance now paves the way for accelerated growth in crypto financial services across the region.
