Animoca Brands Is Now Clear to Offer Crypto Services in Dubai

Animoca Brands, a big name in Web3 and blockchain gaming, has officially received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This license allows the company to operate as a crypto broker-dealer and offer investment services in Dubai.

The move shows that Animoca Brands is serious about expanding in the Middle East. It follows the company’s earlier provisional approval and aligns with Dubai’s goal to attract global crypto firms with clear regulations.

What This License Allows

With the VARA VASP license, Animoca can now legally manage virtual assets and help clients invest in crypto in Dubai. The company can provide these services to both institutional and qualified investors.

Omar Elassar, Animoca Brands’ Middle East Managing Director, said the license “strengthens our ability to work with Web3 projects and large investors in a safe and regulated environment.” He added that the company is committed to operating responsibly as the digital asset market grows.

Why Dubai Is Important for Crypto Firms

Dubai has become a hub for crypto businesses because it offers clear rules and strong legal protection. VARA, established in 2022, creates regulations that help companies operate safely while encouraging innovation.

Many crypto firms now see Dubai as a place where they can attract regional capital and partnerships. Hundreds of licensed virtual asset providers already operate in Dubai, managing billions in digital assets.

Animoca’s Global Impact

Animoca Brands has a strong track record in the blockchain and Web3 space. It supports platforms like The Sandbox, Moca Network and Open Campus, and it invests in hundreds of Web3 companies.

By gaining a VASP license, Animoca can now expand beyond investment and development. The company can also provide brokerage and asset management services, which appeal to institutional investors seeking secure, regulated environments.

A Step Forward for the Crypto Market

This move signals growing interest from institutional investors in regulated crypto markets. Animoca Brands now has a legal framework in Dubai to attract investors and expand its operations.

As Dubai continues to improve its rules and attract international crypto firms, Animoca’s license shows that blockchain companies are ready to grow safely and legally in new markets.

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