Dubai, United Arab Emirates
BitGo, the leading infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval follows BitGo’s receipt of the in-principle approval (IPA) in January 2025, and marks a significant milestone in BitGo’s global expansion of its suite of regulated, institutional-grade custody solutions.
With this license, BitGo Custody MENA FZE can offer its secure and efficient cold storage custody services to Institutional and Qualified Investors in the UAE. This achievement underscores BitGo’s commitment to regulatory compliance and security, meeting the growing demand for trusted digital asset services in the region.
Ben Choy, General Manager of BitGo Custody MENA FZE, said, “At BitGo, we provide the most secure and scalable solutions for the digital asset economy. A large part of this effort is ensuring we adhere to the highest regulatory standards. Receiving authorization from VARA reinforces our role as a trusted partner for institutional investors and allows us to provide our award winning services from Dubai.”
Dubai is rapidly emerging as a global hub for digital asset innovation, making it a strategic location for BitGo’s expansion into the region.
Beyond custody, BitGo continues to establish itself as a leading global provider of digital asset products and services, having recently secured its position as the world’s largest staking platform by total locked value with $48 billion in assets staked.