Table of Contents
HashKey Group, a digital asset financial services company based in Asia, has received In-Principle Approval (IPA) from Dubai’s Virtual Assets Regulatory Authority (VARA) for its Virtual Asset Service Provider (VASP) license.
This approval allows HashKey to strengthen its presence in the Middle East, further cementing its status as a trusted leader in the virtual asset industry, the company said in a statement on Monday.
Upon receiving final approval, the VASP license will authorize HashKey MENA FZE, the group’s Dubai-based entity, to provide Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services. These offerings will cater to retail investors, qualified investors, and institutional clients.
This development also bolsters the group’s over-the-counter trading arm, HashKey OTC, which is poised to expand its regulated offerings in the region.
The news comes on the heels of the approval of Hashkey's VASP registration by the Central Bank of Ireland last week.
HashKey’s global expansion strategy is underpinned by its strong regulatory credentials. The group also holds licenses in Hong Kong, Singapore, Japan, and Bermuda, and is actively pursuing a MiCA license in Europe. The group has built a diverse Web3 ecosystem, including the Ethereum Layer 2 solution HashKey Chain, the tokenization platform HashKey Tokenisation, and its platform token HSK, which launched on November 26.
Blockhead
