HEX Trust Enters Middle East: Gains the Dubai’s Crypto License

<p dir="ltr">With its clear regulations, Dubai is becoming a hub of crypto companies as HEX Trust became the latest to secure a Virtual Asset Service Provider (VASP) license from the city’s Virtual Asset Regulatory Authority (VARA).</p><p dir="ltr">HEX Trust Is Expanding Global Presence</p><p dir="ltr">The new license will allow HEX Trust to offer Virtual Assets Custodial Services to institutional clients and sophisticated investors in Dubai. It was granted after the company received the prerequisite MVP operational license from VARA in February 2023.</p><p dir="ltr">“Hex Trust is fully committed to expanding into the Middle East and sees enormous potential for digital asset growth given the progressive regulations, welcoming governments, and thriving crypto ecosystem in the region,” said Filippo Buzzi, Hex Trust’s Regional Director of MENA.</p><blockquote><p lang="en" dir="ltr">This VASP license demonstrates our commitment to compliance, regulation, and innovation in the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> industry. We are proud to contribute to the development of the virtual asset ecosystem in the MENA region.