HashKey Secures VASP License in Dubai: A New Milestone for MENA Expansion

HashKey Group, a leading digital asset financial services provider in Asia Pacific, has secured a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This significant achievement allows HashKey Global MENA to officially operate in the UAE, offering Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services within the Emirate of Dubai. This move is a key part of HashKey’s regional expansion strategy.

Developments and Services:

1. VASP License & Market Expansion:
   • HashKey Global MENA is now authorized to operate in Dubai, offering compliant and regulated virtual asset services to both individuals and enterprises.
   • This license marks HashKey’s first official presence in the UAE, contributing to the country’s growth as the Middle East’s crypto hub.
2. Strategic Partnership with Standard Chartered:
   • USD and AED Deposits & Withdrawals: HashKey Global MENA now offers direct fiat transfers from bank accounts to the platform’s fiat wallet, powered by Standard Chartered’s industry-leading solutions.
   • This partnership ensures secure and efficient fiat-crypto transactions.
3. OTC Services:
   • HashKey Global MENA’s OTC services offer regulated block trading with competitive, all-inclusive pricing.
   • The platform ensures transparent quotes and zero hidden fees, catering to large orders with instant execution and flexible settlement options for institutional and high-net-worth individuals (HNWIs).
4. Top Cryptocurrencies Available:
   • Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins (USDT, USDC), are available through the OTC service. All assets are custodied on a VARA-licensed platform with institutional-grade safeguards.

Regulatory and Strategic Focus:

• HashKey Global MENA is committed to supporting the UAE’s position as a leading global blockchain hub.
• The company emphasizes compliance, client protection, and seamless access to global crypto markets, reinforcing its strategy of empowering MENA’s institutions and HNWIs.
• As part of its global expansion, HashKey also holds digital asset-related licenses in Hong Kong, Singapore, Japan, Bermuda, and Ireland and is actively pursuing the MiCA license in the European Union.

The launch of HashKey Global MENA in Dubai marks an important milestone in the company’s expansion into the Middle East. With a VASP license, strategic partnerships, and a suite of innovative services, HashKey is well-positioned to meet the growing demand for regulated digital asset solutions in the region. The HashKey Global MENA exchange will go live on May 19, 2025.