TechFlow news, according to Dubai's public registry, digital asset investment platform Fasset has obtained a license to operate in Dubai as a Virtual Asset Service Provider (VASP), enabling it to serve institutional investors, qualified investors, and retail investors.
The process of obtaining a formal license involves three stages: provisional license, preparatory license, and operating license. Fasset FZE has now completed the third stage and will also work closely with Dubai’s Virtual Assets Regulatory Authority (VARA) to offer brokerage-dealer services and provide tokenized bonds and stocks.
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