HONG KONG, May 12, 2025 /PRNewswire/ — HashKey Group, a prominent provider of comprehensive digital asset financial services in the Asia Pacific region, has obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This license, granted to HashKey MENA FZE, the operational entity for HashKey Global MENA, officially marks the company’s entry into the United Arab Emirates (UAE). With this approval, HashKey Global MENA can now offer both Virtual Asset Exchange Services and Virtual Asset Broker-Dealer Services from Dubai.
Acquiring the VASP license signifies a crucial step in HashKey’s strategy to expand into the region’s market. As the UAE positions itself as the leading center for digital assets in the Middle East, HashKey Global MENA aims to provide consumers and businesses with reliable and compliant access to virtual asset services.
To address the increasing demands from institutional clients, the firm plans to launch a range of products and services characterized by premium features:
- USD and AED Deposits & Withdrawals: This feature enables users to seamlessly transfer USD from their bank accounts into HashKey Global MENA’s fiat wallet. Partnering with Standard Chartered, the platform ensures efficient fiat currency deposit and withdrawal services, greatly enhancing user experience.
- OTC Services: The OTC service from HashKey Global MENA offers regulated block trading with competitive all-inclusive pricing, ensuring clear quotes and no hidden fees. It allows for quick execution on large orders, minimizing slippage risks and providing flexible settlement options tailored for institutional and high-net-worth individual (HNWI) liquidity needs.
- Top 10 Tokens Available for OTC: Users can access major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), as well as stablecoins (USDT, USDC), all through OTC services with USD and AED on- and off-ramps. BTC and ETH are particularly attractive due to their liquidity and alignment with institutional market demand, with all assets safeguarded on a VARA-licensed platform.
“As a licensed entity, HashKey Global MENA is dedicated to fulfilling institutional demands by providing a structured gateway for fiat-to-crypto transactions, supported by robust safeguards and strategic alliances like with Standard Chartered. Our expansion within the GCC is focused on empowering institutions and high-net-worth individuals in MENA with efficient access to global crypto markets, thereby reinforcing the UAE’s role as a hub for blockchain innovation while maintaining compliance and prioritizing client safety at every stage,” stated Sherif Sanad, Country Manager, HashKey Global MENA.
The UAE has successfully positioned itself as the third-largest crypto economy in the MENA region. Aiming to cater to the needs of this rapidly evolving market, HashKey Global MENA will not only provide virtual asset trading services but will also continuously innovate and enhance digital asset offerings, operating within VARA’s stringent regulatory framework.
“We believe that progress in the crypto sector should not compromise compliance. The future of the industry hinges on audacious innovation within well-defined, trustworthy regulatory guidelines. We are committed to collaborating closely with global regulators to deliver dependable digital asset solutions on an international scale,” said Sherif Sanad, Country Manager, HashKey Global MENA.
HashKey Group currently holds digital asset licenses from regulators in Hong Kong, Singapore, Japan, and Bermuda, along with VASP registration in Ireland. As part of its commitment to establishing a leading regulatory presence, the company is also in the process of obtaining a Markets in Crypto-Assets (MiCA) license within the European Union. The HashKey Global MENA exchange will officially launch on May 19th.
About HashKey Global MENA
HashKey Global MENA operates under HashKey Group, providing licensed crypto asset trading services globally. HashKey MENA FZE (VL/18/03/002), its operational branch, is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) as a Virtual Asset Service Provider. Availability of certain services, features, and campaigns may vary by jurisdiction.
Disclaimer: https://group.hashkey.com/disclaimer-group/blank-1
SOURCE HashKey Group