BitGo, a global leader in digital asset infrastructure, announced that its Dubai-based entity, BitGo Custody MENA FZE, has officially received a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). The license permits BitGo to offer Virtual Asset Custody Services and Staking to Institutional and Qualified Investors in the UAE.
This milestone follows the in-principle approval (IPA) granted to BitGo in January 2025, and marks a major step in the firm’s global expansion of regulated, institutional-grade custody solutions.
“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,” said Ben Choy, General Manager of BitGo Custody MENA FZE. “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.”
The VASP license enables BitGo to deliver secure cold storage solutions and staking services, catering to the increasing demand in the region for trusted and compliant digital asset infrastructure. With the UAE rapidly positioning itself as a global hub for digital assets, Dubai offers strategic relevance for BitGo’s long-term growth.
BitGo continues to lead the industry in digital asset security and regulatory engagement. The firm recently became the largest staking platform globally, with over $48 billion in assets staked, further cementing its status as a top-tier provider in the evolving digital asset landscape.
