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.
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
xAI Massively Recruits Wall Street Finance Experts to Train Grok, Musk Admits Programming Capabilities Lag Behind Competitors
xAI is recruiting financial domain experts from Wall Street to expand its data annotation team for Grok, aiming to improve training data for credit markets. The team, led by Diego Pasini, targets enhancing AI programming capabilities and business customer development, currently facing competitive pressure.
GateNews31m ago
Tempo public chain is expected to launch its mainnet by the end of March, with no tokens issued in the initial phase.
Stripe and Paradigm's newly developed public chain Tempo is expected to launch its mainnet at the end of March, adopting a dual-track model focusing on payments and DeFi. The mainnet will not issue tokens, and the team will wait for a better market environment to design the token economic model.
GateNews32m ago
Pi Network Gains Attention in India Amid Utility Push
Pi Network, launched in 2019, introduced a mobile-first approach to cryptocurrency mining by allowing users to mine Pi Coin directly from their smartphones without requiring high computational power.
The project reached a major milestone with the launch of its open mainnet in early 2025. This is en
Coinfomania1h ago
Matrixdock launches the Silver Token XAGm, introducing LBMA-standard physical silver and adopting the FRS issuance framework
Matrixdock launched the institutional-grade silver token XAGm on March 17, introducing physical silver into on-chain finance. The token is backed by silver bars that meet LBMA standards and utilizes Matrixdock's FRS issuance framework, ensuring a verifiable relationship between on-chain tokens and underlying assets, with initial deployment on the Ethereum network. This marks a further expansion of the on-chain precious metal reserve asset system.
GateNews1h ago
Ocean Network Introduces Beta to Offer Economic P2P GPU Deployment
Ocean Network has launched its Beta version of a decentralized P2P compute ecosystem, focusing on GPU deployment to eliminate central gatekeepers. This initiative streamlines access for developers and data scientists, reducing infrastructure barriers and offering a pay-per-use model, thus fostering a unified decentralized compute marketplace.
BlockChainReporter1h ago
