Cregis Custody FZE Receives Dubai VARA In-Principle Approval (IPA), Advancing Digital Asset Custody Business Deployment

TechFlow reports, on August 11, Cregis Custody FZE announced that it has received the In-Principle Approval (IPA) granted by the Dubai Virtual Assets Regulatory Authority (VARA), marking a significant milestone in its application for a Virtual Asset Service Provider (VASP) license. Upon completion of subsequent regulatory requirements and obtaining final approval, Cregis Custody FZE will launch regulated digital asset custody services.

Cregis Custody FZE is an independently operating legal entity under the Cregis brand, focusing on digital asset custody-related business. Cregis will continue to provide digital asset infrastructure services for enterprises in scenarios such as digital asset collection, payment, and fund operations.

Founded in 2017, Cregis currently serves over 4,000 corporate clients in over 50 countries and regions globally, with a cumulative secured transaction volume exceeding $300 billion. Clients include financial institutions, payment service providers, forex brokers, fintech companies, and Web3 enterprises.