#What does the VASP licence mean for Animoca Brands?
The recent acquisition of a Virtual Asset Service Provider licence from Dubai’s Virtual Assets Regulatory Authority positions Animoca Brands at the forefront of crypto operations in the region. This license enables the company to engage in crypto brokerage and manage assets for global institutional and qualified investors, specifically outside the Dubai International Financial Centre.
This milestone is particularly significant given the role of the Virtual Assets Regulatory Authority, established in 2022. As the first independent regulator for virtual assets in Dubai, VARA's role is to oversee digital asset activities, enforce governance standards, and bolster investor protection, contributing to a seamless borderless economy.
#How does this tie into Animoca Brands' strategy?
With the opening of its Dubai office in 2025, Animoca Brands has emphasized its commitment to nurturing collaborations with regional partners while expanding its web3 investments. The firm achieved initial approval for the VASP licence in October 2025. The completion of this two-stage regulatory review process culminates in a robust operational foundation for the company's expansion in the Middle East.
This strategic license grants Animoca Brands extensive capabilities in virtual asset broker-dealer services as well as management and investment services. It strategically positions the firm to capitalize on burgeoning opportunities in a rapidly evolving marketplace.
#What is the scope of Animoca Brands' portfolio?
The firm's extensive portfolio includes over 600 companies and digital assets spread across various platforms, including notable ones like the Moca Network and Open Campus. This diversity strengthens its position as a leader in web3 and digital asset technologies, providing a solid platform for future growth and innovation.
In summary, the VASP licence is a crucial development for Animoca Brands, enabling it to broaden its reach and enhance its value propositions in Dubai and beyond. It exemplifies the company's forward-thinking approach in a dynamically developing financial landscape.