BitGo, a global leader in digital asset infrastructure, has announced that its Dubai-based subsidiary, BitGo Custody – MENA, has officially received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).
This license allows the firm to offer regulated custody and storage solutions for virtual assets across the emirate.
The approval marks a major step in BitGo’s expansion strategy into the Middle East and North Africa (MENA) region, enabling the company to provide institutional-grade protection for digital assets in one of the world’s fastest-growing crypto hubs.
The full license follows initial approval granted in January 2025, completing the process required by Dubai’s robust regulatory framework.
BitGo is Strengthening the MENA Crypto Ecosystem
BitGo’s entry into the Dubai market comes at a time when the UAE continues to attract global digital asset firms through progressive regulation, supportive government policies, and a growing appetite for Web3 innovation.
With the VASP license in hand, the firm is positioned to serve the region’s expanding crypto market, catering to exchanges, asset managers, and institutional investors seeking secure custodial solutions.
This move reinforces Dubai’s ambitions to become a global hub for virtual assets, with VARA at the forefront of building a transparent, compliant, and innovation-driven regulatory ecosystem.
This expansion is also expected to complement other recent entrants and licensed entities in the UAE’s digital asset sector, enhancing infrastructure resilience and bolstering investor trust across MENA.
