BitGo, the infrastructure provider of digital asset solutions, is pleased to announce that its Dubai subsidiary, BitGo Custody MENA FZE, has received a Virtual Assets Service Provider (VASP) operating license to provide Virtual Asset Custody Services and Staking, from Dubai’s Virtual Assets Regulatory Authority (VARA).
This approval follows BitGo’s receipt of the in-principle approval (IPA) in January 2025, and marks a milestone in BitGo’s expansion of its suite of custody solutions.
With this license, BitGo Custody MENA FZE can “offer its cold storage custody services to Institutional and Qualified Investors in the UAE.”
This achievement underscores BitGo’s commitment “to regulatory compliance and security, meeting the demand for digital asset services in the region.”
Ben Choy, General Manager of BitGo Custody MENA FZE, said:
“At BitGo, we provide the most secure and scalable solutions for the digital asset economy. A large part of this effort is ensuring we adhere to the highest regulatory standards. Receiving authorization from VARA reinforces our role as a trusted partner for institutional investors and allows us to provide our award winning services from Dubai.”
Dubai is emerging as a global hub for digital asset innovation, “making it a strategic location for BitGo’s expansion into the region.”
Beyond custody, BitGo continues to establish itself as a provider of digital asset products and services, “having secured its position as the world’s largest staking platform by total locked value with $48 billion in assets staked.”
As covered, BitGo is the infrastructure provider of digital asset solutions, delivering “custody, wallets, staking, trading, financing, and settlement services from regulated cold storage.”
Since their founding in 2013, they have focused on “enabling clients to securely navigate the digital asset space.”
With a global presence through multiple entities, BitGo serves institutions, including various brands, exchanges, and platforms, as well as retail investors worldwide.
As the “backbone” of the digital economy, BitGo reportedly handles a significant portion of Bitcoin network transactions and is said to be “the largest independent digital asset custodian, and staking provider.”