Animoca Brands, a global leader in digital assets and Web3 platforms, has officially received a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
The license allows Animoca Brands to provide regulated broker-dealer and digital asset management services for institutional and qualified investors across Dubai, excluding the Dubai International Financial Centre (DIFC).
This approval reinforces Animoca Brands’ strategic expansion into the Middle East. It enables platforms like The Sandbox, Moca Network, Open Campus, and other institutional-grade projects to operate under a clear regulatory framework.
Global investors can now access these blockchain-based services safely and transparently, enhancing confidence in the region’s digital asset ecosystem.
Also Read: Virtual Asset Market in Dubai Surpasses AED 2.5 Trillion in 2025
VARA’s Role in Dubai’s Digital Asset Market
Established in 2022 under Dubai Law No. 4, VARA serves as the emirate’s independent regulator for virtual assets. It oversees licensing, supervision, and compliance of crypto operations while setting international governance standards.
The authority’s framework aims to protect investors and promote Dubai as a hub for regulated blockchain innovation and a borderless digital economy.
The licensing of Animoca Brands is in line with the mission of VARA, indicating that the company is operating in a compliant and responsible manner.
The company is among the regulated ones in the crypto market, including BitGo, which received a broker-dealer license in 2025 to provide institutional digital asset trading services in the MENA region.
Expanding Animoca Brands’ Web3 Ecosystem
Animoca Brands manages a huge portfolio of over 600 companies and digital assets. The company’s platforms support gaming, digital collectibles, education, and investment.
In January, the company made an acquisition of Somo, a gaming and collectibles company, which introduced tradable and playable NFTs to its expanding ecosystem.
Omar Elassar, managing director for the Middle East and Global Strategic Partnerships at Animoca Brands, said that the VARA license increases the company’s reach and ability to connect with the foundations of Web3, institutional investors worldwide, and qualified clients.
The license indicates that Animoca Brands is a reliable source of regulated digital asset services in Dubai and the MENA region.
Why This Matters
Animoca Brands’ VARA license sets the standard for regulated institutional crypto offerings in Dubai and the Middle East.
It provides a legal and safe entry point for international investors to consider Web3 offerings like The Sandbox and Moca Network.