Ctrl Alt, a tokenization infrastructure platform, has announced that it has obtained a virtual asset broker-dealer license and an issuer license from Dubai’s Virtual Assets Regulatory Authority (VARA). As of May 1, 2025, Ctrl Alt has successfully tokenized over $295 million in various assets, including real estate, private credit, funds, and litigation finance. According to...
The Dubai Land Department has unveiled the world’s first Property Token Ownership Certificate, following the successful sale of the initial tokenized real estate project on the ‘Prypco Mint’ platform, which is licensed by the Virtual Assets Regulatory Authority (VARA). This groundbreaking initiative was launched with remarkable speed, achieving the sale within just one day of...
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...
The Dubai Land Department (DLD) and the Dubai Virtual Assets Regulatory Authority (VARA) have signed a groundbreaking collaboration agreement aimed at enhancing Dubai’s status as a leading hub for both real estate investments and innovation. This agreement marks the first of its kind globally, linking the real estate registry with property tokenization through a governance...
BitPanda, a regulated crypto assets platform based in Europe, has successfully acquired a crypto brokerage license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to MSN, this new license allows BitPanda to extend its services to both retail and institutional investors in the MENA region, marking a big step in its international expansion. With this...
The Virtual Assets Regulatory Authority (VARA) of Dubai has issued a warning to consumers and investors about the potential risks linked to advertisements promoting subscriptions to memecoins. Memecoins are categorized as highly speculative and volatile assets, often susceptible to market manipulation. According to VARA, many memecoins lack intrinsic value and their pricing is primarily influenced...