Animoca Brands has officially secured a Virtual Asset Service Provider (VASP) license from Virtual Asset Regulatory Authority (VARA), strengthening its regulated presence in the Middle East.
The license allows the Hong Kong-based Web3 firm to provide regulated broker-dealer and investment services for virtual assets within and from the Emirate of Dubai, targeting institutional and qualified investors globally.
Scope of the VASP License
The authorization permits two key activities:
- Virtual Asset Broker-Dealer Services
- Virtual Asset Management and Investment Services
Jurisdictionally, the license covers the Emirate of Dubai, including its free zones, but excludes the Dubai International Financial Centre (DIFC).
The regulatory approval follows an earlier in-principle green light granted in October 2025 and complements Animoca’s recent preliminary approval from Abu Dhabi Global Market (ADGM) to operate as a fund manager.
Institutional Strategy and Expansion
The move aligns with Animoca’s broader strategy to expand its regulated institutional footprint, particularly as it positions itself for a potential public listing.
The company manages a portfolio of more than 600 blockchain investments, including high-profile projects such as:
- The Sandbox
- Moca Network
As of early February 2026, Animoca’s valuation stands at approximately $5.9 billion, supported by ongoing funding rounds.
Strengthening Dubai’s Digital Asset Hub
By securing a VARA license, Animoca joins major exchanges like Binance and OKX within Dubai’s regulated digital asset ecosystem.
This positions the firm to act as a bridge between Asian capital markets and Western digital asset flows, reinforcing Dubai’s growing status as a global crypto and Web3 hub.
