BitGo, a US-based digital asset infrastructure provider, has announced that its Dubai-based subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license from the Dubai Virtual Assets Regulatory Authority (VARA).
The license permits the company to offer Virtual Asset Custody Services and Staking to Institutional and Qualified Investors in the UAE.
This follows the in-principle approval granted in January 2025.
With this authorisation, BitGo Custody MENA FZE is now able to provide secure cold storage custody services in the UAE.
Ben Choy, General Manager of BitGo Custody MENA FZE, said:
“Receiving authorisation from VARA reinforces our role as a trusted partner for institutional investors and allows us to provide our award winning services from Dubai.”
In addition to custody services, BitGo has expanded its global offerings in digital asset infrastructure and recently became the largest staking platform by total locked value, with US$48 billion in assets staked.
Featured image credit: BitGo
