XBase Wins Dubai VARA Approval for Broker-Dealer Licence
▼ Summary
– XBase received In-Principle Approval from Dubai’s VARA for a Broker-Dealer Services Licence, marking the final step before operations begin.
– This approval reinforces Dubai’s leadership in regulated virtual assets and supports XBD Group’s global expansion strategy.
– Dubai now leads the world’s largest licensed virtual assets market, with trading volumes exceeding AED 2.5 trillion since early 2025.
– XBase’s CEO emphasized that the approval demonstrates their commitment to secure, compliant trading infrastructure for institutional investors.
– XBD Group provides a global Trade Fluidity Ecosystem, offering integrated payment and trading solutions to bridge traditional finance and digital assets.
Securing regulatory approval from the Dubai Virtual Assets Regulatory Authority (VARA) represents a major step forward for XBase Virtual Assets Broker & Dealer Services, a key subsidiary of XBD Group. The company announced it has received In-Principle Approval for a Broker-Dealer Services Licence, moving it into the final phase before commencing full operations. This development not only accelerates XBD Group’s international growth plans but also reinforces Dubai’s standing as a leading, well-regulated hub for the virtual assets industry.
This regulatory milestone arrives at a time when the United Arab Emirates is witnessing rapid expansion in digital finance and virtual asset services. Once full authorization is granted, XBase will be positioned to contribute to what has become the world’s largest licensed virtual assets marketplace. Trading activity in this sector has already surpassed AED 2.5 trillion since the beginning of 2025, underscoring the scale and dynamism of the local market.
Zeeshan Uppal, Chief Executive Officer of XBase, highlighted the importance of this achievement. He stated that obtaining VARA’s approval is a crucial part of their worldwide expansion strategy. It reflects the company’s dedication to building a secure, fully compliant, and client-centric trading platform for institutional and qualified investors. Uppal also praised VARA for its clear and forward-thinking regulatory approach, which helps maintain Dubai’s leadership in the global digital economy.
XBD Group, the parent company, is known as a global infrastructure provider in the digital asset space. It has developed what it calls the world’s first Trade Fluidity Ecosystem, an integrated set of payment and trading solutions built around compliance. This ecosystem is designed to make digital assets safer and more accessible for businesses around the world. Services include cross-border transactions, digital payment acceptance, and over-the-counter (OTC) trading, enabling merchants and institutions to transfer value smoothly across different currencies and international borders.
The Group maintains a strong commitment to delivering top-tier digital asset solutions that are specifically tailored for institutional and qualified investors in the region. Through a worldwide network of regulated entities, XBD serves institutional and high-net-worth clients across Europe, Africa, Latin America, North America, and Southeast Asia. By offering merchant services, payment acceptance, and OTC trading within a compliance-first structure, XBD effectively bridges the traditional financial system and the emerging digital asset economy.
(Source: MEA Tech Watch)