Animoca Brands Secures Dubai VASP License
Analysis based on 11 articles · First reported Feb 11, 2026 · Last updated Feb 17, 2026
The approval of Animoca Brands' VASP license in United Arab Emirates===Dubai signals growing institutional interest in regulated crypto markets, enhancing United Arab Emirates===Dubai's position as a global digital asset hub. This development could intensify competition among financial hubs and accelerate the development of international regulatory standards for digital assets.
Animoca Brands, a prominent Web3 and blockchain gaming company, has been granted a Virtual Asset Service Provider (VASP) license by United Arab Emirates===Dubai's United Arab Emirates===Virtual Assets Regulatory Authority (VARA). This license, issued on February 5, 2026, allows Animoca Brands to operate as a crypto broker-dealer and offer investment management services to institutional and qualified investors in United Arab Emirates===Dubai, excluding the United Arab Emirates===Dubai International Financial Centre. The move underscores Animoca Brands' strategic expansion into the Middle East and aligns with United Arab Emirates===Dubai's efforts to attract global crypto firms through clear regulations. Omar Elassar, Animoca Brands' Middle East Managing Director, emphasized that the license strengthens the company's ability to work with Web3 projects and investors in a regulated environment. United Arab Emirates===Dubai, with VARA established in 2022, is becoming a key hub for crypto businesses, offering strong legal protection and encouraging innovation. This development is part of a broader trend, with other firms like Amber Premium and BitGo also securing regulatory approvals in United Arab Emirates===Dubai, indicating a growing demand for regulated digital asset services.
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