Hex Trust, an institutional cryptocurrency custodian, has obtained a virtual asset service provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA).
This allows Hex Trust to offer custodial services to institutional clients and investors in Dubai.
The company, which already operates in Hong Kong, Singapore, Vietnam, Italy, and France, sees Dubai as a promising market for digital asset growth.
Dubai's progressive regulations and welcoming government create a thriving crypto ecosystem in the region.
