Hex Trust Group Secures Additional VASP License from Dubai’s VARA
In a significant move, the Hex Trust Group, renowned for its digital asset solutions, has acquired an additional Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai. This development marks a pivotal moment for the company’s expansion in the digital asset market.
The newly obtained license extends to its VA Broker-Dealer and VA Management and Investment arm, HT Markets MENA FZE, further solidifying Hex Trust’s foothold in the region. This expansion comes on the heels of the issuance of Hex Trust’s full VASP License in November 2023, a testament to the company’s commitment to offering comprehensive virtual asset services to its clientele.
With this additional license, Hex Trust will be able to provide regulated staking services, adding a new dimension to its suite of offerings. This move underscores the company’s dedication to meeting the evolving needs of institutional clients and sophisticated investors in the digital asset space.
Hex Trust Markets, the entity empowered by this license, will facilitate safe access to the DeFi ecosystem, empowering clients to leverage native on-chain staking solutions and execute trades with the support of Hex Trust’s experienced markets team.
The approval of the second VASP license signifies a significant milestone for Hex Trust Group, positioning the company as a leading player in the digital asset market in Dubai and beyond.
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