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Ctrl Alt Secures VARA License to Operate as Virtual Assets Service Provider in Dubai

news.bitcoin.com

1 day ago

Ctrl Alt Secures VARA License to Operate as Virtual Assets Service Provider in Dubai

Ctrl Alt, a tokenization infrastructure platform, has officially received its license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Assets Service Provider (VASP), becoming the first VASP authorized to conduct issuer-related services. This license enables Ctrl Alt to offer Broker-Dealer and Issuer services, allowing the company to create, manage, and distribute tokenized real-world assets and ARVA tokens. It underscores Ctrl Alt’s commitment to regulatory compliance and its strategic expansion in the region, highlighted by its recent partnership with the Dubai Land Department on a Real Estate Tokenization Project. With Dubai positioning itself as a global leader in digital assets, Ctrl Alt’s licensing marks a significant milestone for both the company and the broader digital asset ecosystem in the UAE.

https://news.bitcoin.com/ctrl-alt-secures-vara-license-to-operate-as-virtual-assets-service-provider-in-dubai/?utm_source=CryptoNews&utm_medium=app