Animoca Brands Gets VASP Licence From Virtual Assets Regulatory Authority in Dubai

MOCA7,67%
EDU7,72%
SAND2,05%

Animoca Brands, a global digital assets leader building and investing in impactful technologies and ecosystems to reimagine future economies, has officially announced the approval of a Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority (VARA). The hidden purpose behind this approval is to provide Virtual Asset (VA) Broker-Dealer services to worldwide institutions, both within and outside of Dubai.

Animoca Brands received a Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority @varadubai: VASP Licence authorizes Animoca Brands to commence operations and to provide virtual asset (VA) Broker‑Dealer Services…

— Animoca Brands (@animocabrands) February 16, 2026

Basically, VARA was designed in 2022 pursuant to Dubai Law No. 4 of 2022 as the efficient authority responsible for maintaining, observing, and balancing virtual assets and virtual asset activities around the Emirate of Dubai. VARA has a unique place in Dubai’s regulatory framework for the protection of virtual assets, enabling an international standard for virtual asset industry governance. Animoca Brands has released this news through its official social media X account.

Animoca Brands Enhances Web3 Growth with Regulatory Milestone in Dubai

Animoca Brands has earned a good reputation in terms of facilitating companies in digital asset perspectives. These companies are now able to deal with digital assets in a better way, such as Moca Network, Open CAMPUS, Anichess, and The Sandbox, with various institutional-grade platforms.

In addition, Animoca Brands also provides sufficient support to crypto companies for launching and growing, and also facilitates them with better technological experience in different projects. Animoca Brands has a satisfying portfolio of more than 600 companies and digital assets. Basically, this step is to provide significant support to digital assets dealing in Dubai and the Middle East as a priority.

Animoca Brands Elevates Dubai’s Digital Asset Ecosystem with VASP Licence

Animoca Brands wants to uplift the status of Dubai in terms of providing extraordinary services to ensure that digital assets are dealt with in Dubai and the Middle East as well. It is the best opportunity for Dubai’s people to benefit from this landmark opportunity and make their dreams come true in life.

Omar Elassar, Managing Director for the Middle East and head of Global Strategic Partnership at Animoca Brands, expressed his views about this. He said, “Receiving the VASP licence from VARA is an important milestone for Animoca Brands’ operations, particularly in Dubai and the Middle East. This licence enhances our ability to engage with Web3 foundations as well as global institutional and qualified investors within a well-regulated framework, and reflects our commitment to building and operating responsibly as digital asset markets continue to mature.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Gerelateerde artikelen

Audiera Integrates $BEAT Token into Alchemy Pay's Global Payment Infrastructure

Audiera has teamed up with Alchemy Pay to allow users to convert fiat currencies into $BEAT tokens easily. This integration enhances accessibility to Audiera's Web3 entertainment platform, attracting a broader audience and simplifying crypto adoption.

GateNews11m geleden

Rakuten Pay Integrates XRP for Payments and Loyalty Use

Rakuten will integrate XRP payments for 44 million users, linking the token to over 5 million merchants in Japan. Users can convert loyalty points to XRP, facilitating everyday spending and enhancing real-world adoption of crypto.

CryptoFrontNews38m geleden

X's Cashtags Feature Hits $1 Billion in Trading Volume Within Two Days of Launch

X's new Cashtags feature, launched on April 15, generated $1 billion in trading volume in two days, allowing users to access trading platforms and view price charts. Currently available only on iPhone in the U.S. and Canada, it complements the forthcoming X Money payment system, part of Elon Musk's vision for an "everything app."

GateNews2u geleden

Topnod Self-Custody Wallet Becomes Official Partner of Layer1 Blockchain Pharos

Topnod has partnered with Layer1 blockchain Pharos, providing a user-friendly self-custody wallet that simplifies access to real-world assets. It will support Pharos's airdrop activities and facilitate the distribution of RWA assets on the Pharos chain.

GateNews3u geleden

Payward Acquires CFTC-Licensed Derivatives Platform Bitnomial for Up to $550M

Payward, the parent company of a major centralized exchange, is set to acquire Bitnomial, the first fully licensed U.S. digital asset derivatives firm, for up to $550 million, valuing Payward at $20 billion. This marks a key advancement in regulated crypto trading.

GateNews6u geleden

XRP Evolves From Bridge Asset to DeFi Collateral, Says Evernorth CEO

Evernorth CEO Asheesh Birla is shifting XRP's role from a settlement tool to a productive asset in decentralized finance, focusing on capital efficiency. The company aims to activate dormant capital through initiatives like native XRP lending, positioning XRP as a key player in credit markets.

CryptoFrontier8u geleden
Opmerking
0/400
Geen opmerkingen