DKK Partners Secures Initial Approval from VARA
London-based startup DKK Partners has achieved a significant milestone in the rapidly evolving digital asset landscape. DKK Partners FZE, their subsidiary in the Dubai World Trade Centre (DWTC), has been granted Initial Approval by the Dubai Virtual Assets Regulatory Authority (VARA) to provide Virtual Asset Broker Dealer Services. This marks a pivotal step forward for the company in their mission to enhance blockchain technology accessibility for corporates and institutions in Dubai and the UAE.
About New License
DKK Partners FZE expressed its commitment to furthering its presence in the digital asset space by working towards obtaining a full Virtual Asset Service Provider License from VARA. The recently secured Initial Approval allows DKK FZE to proceed in offering corporate and institutional customers in Dubai access to stablecoin blockchain technology, leveraging USDT and USDC.
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How it Will Benefit Crypto Traders
- VARA approval positions DKK FZE to empower businesses in blockchain technology engagement
- The stability offered by stablecoins within a robust regulatory framework enhances confidence
- License opens avenues for crypto traders in Dubai and the UAE
- Access to expert FX solutions for managing currency risk and optimising liquidity
- Facilitates business growth through comprehensive financial solutions
About DKK Partners
DKK Partners specialises in emerging markets and foreign exchange liquidity. They offer FX solutions to manage currency risk, secure liquidity, and streamline collections for corporates and institutions. The Dubai expansion was a success for the company in the digital asset landscape.
Way Forward
VARA approval is a game-changer for DKK Partners and the digital asset landscape in Dubai. The approval enhances their ability to cater to the unique needs of corporate and institutional customers, strengthening their position in serving the evolving landscape of the region.
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