BitGo, a leading digital asset infrastructure provider, has received a full Virtual Assets Service Provider (VASP) operating license from Dubai's Virtual Assets Regulatory Authority (VARA) for its Dubai subsidiary, BitGo Custody MENA FZE.
This license authorizes BitGo to provide regulated Virtual Asset Custody Services in the UAE, allowing it to offer secure cold storage custody services to institutional and qualified investors in the region.
The approval follows an earlier in-principle approval granted in January 2025 and marks a significant step in BitGo's global expansion of its regulated custody solutions.
BitGo's General Manager for MENA, Ben Choy, highlighted that the license reinforces BitGo's commitment to regulatory compliance and security, positioning Dubai as a central hub in the digital asset ecosystem and enabling BitGo to meet the sophisticated needs of institutional clients in the UAE.
This license adds to BitGo's extensive global regulatory footprint, which includes qualified custodian status in the United States (South Dakota and New York), licenses in Europe (Germany, among others), and Asia (Singapore). The Dubai license complements this multi-jurisdictional approach, enhancing BitGo's ability to serve institutional clients worldwide with secure, compliant custody services.
BitGo's receipt of the full VASP license in Dubai enables it to officially operate as a regulated crypto custodian in the UAE, providing institutional-grade custody under VARA's regulatory framework.
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