ARP Digital secures Dubai VARA broker-dealer license
The license allows ARP Digital to offer regulated digital asset and stablecoin conversions into UAE dirhams as it expands its Gulf presence beyond Bahrain.
ARP Digital, an institutional digital asset infrastructure provider, has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license enables ARP Digital to facilitate regulated conversions between digital assets and the UAE dirham for United Arab Emirates-based corporates, capital markets participants, and qualified investors.
The company states that the license will allow institutions to convert digital asset capital for deployment into local UAE assets, marking ARP Digital's second regulated Gulf market. The approval follows Dubai's expansion of its regulated digital asset sector, with VARA issuing its 50th virtual asset service provider license in July.
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