Animoca Brands, a leader in digital property rights for gaming and the open metaverse, has officially secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license permits the company to operate as a broker-dealer and provide investment services within the Emirate of Dubai. The move aligns with Animoca Brands’ strategic expansion into the Middle East, a region that is rapidly establishing itself as a global hub for Web3 and blockchain innovation. With this authorization, the company intends to enhance its institutional presence and offer regulated investment opportunities in the virtual asset sector. Yat Siu, co-founder of Animoca Brands, emphasized that Dubai’s clear regulatory framework was a primary driver for their commitment to the region, ensuring a secure environment for digital asset growth.
Source: Animoca Brands secures Dubai VASP license to provide broker-dealer and investment services
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