Hex Trust, a reputable digital assets custodian, has managed to secure a complete Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). This notable achievement trails the provision of the MVP operational permit in November 2022, marking the ultimate phase in VARA’s licensing approach.
With this triumph, Hex Trust is set to provide Virtual Assets Custodial Services to seasoned investors and institutional clientele in Dubai.
Filippo Buzzi, the Middle East and North Africa Regional Director at Hex Trust, showed excitement. He finds it thrilling to be one of the first virtual asset firms with a full license in Dubai. Hex Trust aims to broaden its reach in the Middle East and sees huge potential for digital asset expansion in the area due to supportive leadership, forward-thinking rules, and a prospering crypto ecosystem.
The CEO of Hex Trust, Alessio Quaglini, accentuated the firm’s steadfast dedication to rules and regulations. This commitment has earned them a full license to operate in Dubai. Hex Trust now stands with a handful of firms that boast this honor. Furthermore, he added that advancing their operations in Dubai will impact the digital asset community positively.
Hex Trust Obtained Regulatory License In France
Hex Trust isn’t just making waves with regulation in Dubai; they’re also making strides in France. Since the middle of the year, Hex Trust has been handling digital custody services across France. Hex Trust’s flagship product is Hex Safe, a bank-level platform that offers custody, brokerage, finance solutions, and DeFi. Additionally, they presented new AI-backed investment tools.
However, it serves various clients, including financial firms, digital asset groups, businesses, and private people. It operates in several world-renowned economic countries: Singapore, Hong Kong, Dubai, Italy, and Vietnam. It places Hex Trust at the heart of the world’s financial centers.
Thus, Obtaining the full VARA license showcases Hex Trust’s operations under a sturdy, internationally accepted regulatory body, strengthening its reputation as a reliable participant in the ever-changing landscape of digital assets.
Read More | Cardano And Kraken Expect A Partnership To Propel Advancements In Layer-2 Network Technology
“The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.“
Comments (No)