Animoca Brands announced on Friday that the company has received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA), thereby expanding its regulated digital asset service operations in the region.
The license allows Animoca Brands to provide brokerage services—agency, virtual asset management, and investment—for institutional investors and qualified investors operating in and from Dubai, excluding the Dubai International Financial Centre. This decision strengthens the company’s expansion strategy in the Middle East and ensures compliance with Dubai’s legal framework.
Animoca Brands currently manages a portfolio of over 600 companies and digital assets, including projects such as Moca Network, Open Campus, Anichess, and The Sandbox. The company is also implementing initiatives related to stablecoins and asset tokenization.
The approval comes after Animoca’s planned Nasdaq listing through a reverse merger, expected to be completed in 2026.
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.
Related Articles
BitGo Launches Institutional Minting and Redemption Service for Stablecoins
BitGo has launched a new institutional service that enables clients to mint, redeem, and manage stablecoins within a single platform, starting with USD1 and SoFiUSD. This initiative aims to streamline stablecoin operations for institutions by integrating issuance and custody functions.
CryptoNewsFlash7m ago
Telegram’s encrypted wallet launches perpetual contract trading, supporting over 50 markets
Gate News message, April 2, Telegram’s built-in crypto wallet Wallet in Telegram announced the launch of perpetual contract trading functionality, supported by Lighter on the technical side. The feature supports more than 50 trading markets, covering multiple asset classes such as metals, stocks, oil, and cryptocurrencies, with a maximum leverage of up to 50x.
GateNews26m ago
SoFi announces 24/7 banking hub that blends traditional cash with crypto
SoFi is launching a business banking platform, SoFi Big Business Banking, enabling companies to manage both traditional currency and crypto in a single, regulated environment. This platform aims to streamline transactions and reduce reliance on multiple providers, allowing instant conversion and movement of funds.
CoinDesk30m ago
SoFi launches a consolidated corporate bank combining fiat and crypto
SoFi has launched a new corporate banking platform that integrates fiat and crypto payments, providing 24/7 transaction capabilities. This strategy aims to streamline payment processes for organizations, enhance liquidity, and strengthen the firm's position in the competitive financial infrastructure landscape.
TapChiBitcoin45m ago
Europe's first blockchain IPO is here: France’s new exchange is taking aerospace firm public onchain
France's Lightning Stock Exchange (Lise) is set to list ST Group, marking a potential first for fully onchain IPOs in Europe. This move aims to simplify and speed up capital raising for small and mid-sized firms through tokenization.
CoinDesk48m ago
Wormhole Responds to Drift Protocol Attack: Users’ Assets Are Not at Risk, Some Solana Cross-Chain Transfers May Be Delayed
Gate News message, on April 2, Wormhole posted on the X platform in response to the Drift Protocol attack incident. Wormhole said that user assets are not currently at risk, and the cross-chain bridge functionality can still be used normally. However, due to the built-in security mechanisms configured for Solana, some cross-chain transfers may experience delays. Wormhole’s core contributors have been in communication with the Solana ecosystem team and will continue to provide support as needed.
GateNews51m ago
