‍Animoca Brands Secures Dubai VASP License for Middle East Expansion

Animoca Brands, a prominent Web3 investment firm, has obtained a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This regulatory approval allows the company to expand its digital asset services in the Middle East, targeting institutional and qualified investors.

The license enables Animoca Brands to operate as a broker-dealer and provide investment management services for virtual assets. This strategic move aligns the company's extensive portfolio, including The Sandbox and over 600 other initiatives, with Dubai's regulated framework, potentially attracting more institutional capital into Web3 gaming and infrastructure.

This development reinforces Dubai's position as a significant global hub for regulated virtual asset activities.

https://cryptovka.com/news/animoca-brands-secures-dubai-vasp-license-for-middle-east-expansion