BitGo MENA, a leading digital asset infrastructure company, has successfully obtained a Broker-Dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA). This strategic approval marks a significant milestone in the company’s regional expansion, empowering it to offer regulated digital asset trading and intermediation services to institutional clients.
Expanding Institutional Access
With the new VARA license, institutional investors across the MENA region can now access BitGo’s comprehensive suite of services. This includes its integrated over-the-counter (OTC) trading desk and an electronic platform designed for spot trading across a diverse range of digital assets and stablecoins. The platform provides clients with aggregated access to liquidity from multiple market makers and exchanges, ensuring competitive pricing, consistent execution, and institutional-grade security for all transactions.
Building on Regulatory Momentum
This Broker-Dealer license builds upon BitGo’s growing regulatory footprint in the UAE. In May, the company’s custody arm, BitGo Custody MENA, received its Virtual Assets Service Provider (VASP) operating license from VARA. This latest approval reinforces the company’s commitment to operating within Dubai’s clear and progressive regulatory framework.
“Receiving our Broker-Dealer license from VARA is a milestone for BitGo MENA and a testament to both our commitment to compliance and the strength of Dubai’s progressive regulatory environment,” said Ben Choy, General Manager of BitGo MENA. “This approval allows us to serve institutional clients with greater scale, confidence, and integrity, while also underscoring the accelerating momentum within Dubai’s digital asset ecosystem.”
A Commitment to a Regulated Ecosystem
BitGo’s dual focus on security and compliance aligns directly with VARA’s core mission to protect investors, maintain market integrity, and foster the sustainable growth of the digital asset sector. By securing this license, BitGo contributes to building a secure and transparent financial ecosystem in the region, positioning Dubai as a leading global hub for responsible digital asset innovation.
About BitGo
BitGo is a leader in digital asset security and custody. It provides the trusted platform for institutional investors to securely hold and transact in digital assets. The company offers a comprehensive suite of solutions including custody, trading, staking, and wallet infrastructure to clients worldwide.
Source: Fintechnews Middle East
