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.
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