HashKey secures Dubai crypto License, launches UAE operations

HashKey Group, a leading digital asset financial services provider from Hong Kong, has just taken a major step into the Middle East. The company has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) — officially launching its operations in the UAE under HashKey MENA FZE.

This move marks the beginning of HashKey Global MENA, an initiative aimed at bringing secure, fully compliant crypto exchange and brokerage services to both retail and institutional investors in the region.

Fully Licensed and Ready to Operate

With this VASP license in hand, HashKey Global MENA is now authorized to offer:

• ✅ Virtual asset exchange services
• ✅ Broker-dealer services within and from Dubai

The company is tapping into the UAE’s growing status as a regional crypto and blockchain powerhouse, aligning perfectly with its global expansion strategy.

Designed for Institutional Strength

HashKey isn’t just setting up shop—it’s going all-in. With a sharp focus on institutional clients and high-net-worth individuals, the company is rolling out a powerful suite of services:

• ✅ Support for deposits/withdrawals in USD and AED
• ✅ Direct bank transfers into fiat wallets
• ✅ Regulated over-the-counter (OTC) trading for large-volume crypto transactions
• ✅ Immediate execution and flexible settlement options

The company has teamed up with Standard Chartered to streamline fiat currency movement, offering clients a reliable and efficient banking bridge.

Secure, Transparent, and Compliant

All assets on the HashKey platform are custodied under VARA’s licensed infrastructure, and protected by institutional-grade security.

Supported assets include:

• ✅ Bitcoin (BTC)
• ✅ Ethereum (ETH)
• ✅ Stablecoins like USDT and USDC

This ensures a regulated, transparent, and secure experience for investors navigating the fast-moving crypto space.

MENA Expansion with a Global Vision

“We’re building an ecosystem that empowers institutions and investors in the MENA region with seamless, low-cost access to global crypto markets,” said Sherif Sanad, Country Manager at HashKey Global MENA. “Compliance and client protection remain our top priorities.”

HashKey Global MENA’s exchange is set to go live on May 19, and it doesn’t stop there. The company plans to launch even more digital asset products tailored for the region — all under VARA’s oversight.

A Global Footprint

HashKey already holds digital asset licenses in:

• ✅ Hong Kong
• ✅ Singapore
• ✅ Japan
• ✅ Bermuda
• ✅ Ireland (VASP registration)

It’s also working toward a MiCA license in the European Union, positioning itself as a major global player in the crypto-fintech space.