BitGo, a leading provider of digital asset infrastructure, has announced that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables BitGo to offer Virtual Asset Custody Services and Staking in Dubai, following the in-principle approval it received in January 2025.

With the new license, BitGo Custody MENA FZE can provide secure cold storage custody services to Institutional and Qualified Investors in the UAE. This milestone highlights BitGo’s dedication to regulatory compliance and security, addressing the increasing demand for reliable digital asset services in the region.

Ben Choy, General Manager of BitGo Custody MENA FZE, emphasized that BitGo aims to deliver the most secure and scalable solutions for the digital asset economy. He noted that adhering to high regulatory standards is a crucial part of their operations and that receiving authorization from VARA strengthens their position as a trusted partner for institutional investors.

Dubai is quickly becoming a key player in the global digital asset market, making it an ideal location for BitGo’s regional expansion. In addition to custody services, BitGo has established itself as a prominent provider of digital asset products and services, recently becoming the world’s largest staking platform with $48 billion in assets staked.

Founded in 2013, BitGo has been focused on helping clients navigate the digital asset landscape securely. The company serves a wide range of institutions and investors globally, handling a significant portion of Bitcoin transactions and maintaining its status as the largest independent digital asset custodian and staking provider. For further details, visit www.bitgo.com.