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.
Related Articles
Pundi AI Taps Metya to Redefine AI-led Web3 Social Data Economy
Pundi AI and Metya have partnered to launch the "Tag to Earn" model, enabling users to contribute to AI training data while earning rewards. This collaboration integrates social engagement, AI, and payments, enhancing value for Metya's vast community.
BlockChainReporter15m ago
Wells Fargo Applies for WFUSD Trademark, Signaling Use in Crypto and Stablecoins
Wells Fargo has applied for a trademark for "WFUSD," focusing on cryptocurrency and stablecoins, following similar moves by banks like Western Union and JPMorgan. The trademark is pending review and could enhance financial services in the digital assets space.
Decrypt1h ago
Myriad to Use USD1 on BNB Chain as Exclusive Settlement Asset
Prediction market Myriad is transitioning to World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset.
As part of the move, Myriad, owned by _Decrypt_’s parent company Dastan, is migrating its entire prediction market catalog to BNB Chain.
> Welcome to MYRIAD Season 3.
>
> Our b
Decrypt2h ago
VanEck: Bitcoin mining companies are transitioning to AI infrastructure, with valuation potential undervaluation
VanEck Research Director Matthew Sigel pointed out that Bitcoin mining stocks are attractive to investors, as mining companies are shifting toward the AI market to enhance value. Core Scientific plans to sell Bitcoin assets to expand its AI business, and Riot Platforms expects to achieve a strategic transformation by 2025. Over the past 12 months, both Core and Riot stocks have increased by 90%, while MARA has fallen 35% due to rising costs. NODE ETF has risen over 30% since its launch.
GateNews4h ago
Elon Musk: Macrohard is a joint project between xAI and Tesla that can simulate the entire operation of the company.
Elon Musk revealed that xAI, in collaboration with Tesla, is developing the Macrohard or Digital Optimus project, which combines Grok and AI technologies to process computer operations in real time. This system simulates the entire company's operations and is jokingly called "Giant Hard." Its goal is to create a unique and low-cost real-time intelligent AI system.
GateNews4h ago
