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Animoca Brands has obtained a principled license from Dubai VARA and plans to enter the Crypto Assets brokerage business.
Deep Tide TechFlow news, on October 24, according to Cryptopolitan, Animoca Brands has obtained in-principle approval from the Dubai Virtual Assets Regulatory Authority (VARA), preparing to enter the Crypto Assets brokerage business. According to information from the VARA official website, Animoca Brands has received in-principle approval for the Virtual Asset Service Provider (VASP) license as a cryptocurrency broker under the name “Animoca Brands Middle East Advisory FZCO.”
Animoca Brands entered the UAE market in 2025, establishing an office in Dubai and appointing Omar Elassar as Managing Director. The company has a large portfolio of Web3 projects, including well-known projects such as The Sandbox, Axie Infinity, and Pudgy Penguins, with a market capitalization of over $45 billion for the tokens issued by its portfolio companies.