Hex Trust, which provides cryptocurrency custody services, has managed to obtain an important service license from Dubai.
In its press release dated November 15, Hex Trust included an important license obtained from the Dubai-based regulatory authority. According to the statement, Hex Trust, Dubai From the Virtual Assets Regulatory Authority (VARA) received a comprehensive license to serve in the country.
Within the scope of this license, the company Cryptocurrency custody services to institutional clients and sophisticated investors will be able to offer.
This comprehensive license is not Hex Trust’s first step in Dubai. The company moved from Dubai last February. Minimum Viable Product (MVP) operational had received approval for its license.
Hex Trust’s MENA regional director Filippo Buzzi In his press release on the subject, he stated that this step was taken to the Middle East He stated that it is within the scope of opening plans:
Hex Trust is fully committed to expanding into the Middle East and sees tremendous potential for digital asset growth given the region’s progressive regulations, welcoming governments and thriving crypto ecosystem