Institutional digital asset provider ARP Digital has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, enabling it to offer regulated conversions between digital assets and the UAE dirham. The firm is now licensed to provide these services for corporates, capital markets participants, and qualified investors, including stablecoin-to-dirham exchanges.
The license marks ARP Digital’s second regulated market after Bahrain. Central Bank of Bahrain regulates digital assets for Bahrain. Flowdesk, backed by Coinbase Ventures and BlackRock, also received a full VARA broker-dealer license allowing it to serve qualified and institutional investors in Dubai with similar services.
Written by Oliver Grant
Markets Desk
