Ctrl Alt, a global leader in tokenization infrastructure, has achieved a major milestone by securing a license from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval not only authorizes Ctrl Alt as a Virtual Asset Service Provider (VASP) but also makes it the first company licensed to conduct issuer-related services in the Emirate.
This move signals Ctrl Alt’s commitment to regulated operations as it continues to scale across global markets.
What the License Enables
Ctrl Alt’s new VARA license allows the company to offer the following services:
- ✅ Broker-Dealer Services – Enabling the trading and distribution of digital assets
- ✅ Issuer Services – A first-of-its-kind authorization from VARA, allowing Ctrl Alt to mint, manage, and distribute tokenized real-world assets (RWAs)
The license supports Ctrl Alt’s full-stack platform that delivers end-to-end solutions for asset tokenization. This was most recently demonstrated in its partnership with the Dubai Land Department to create and launch a real estate tokenization framework.
Dubai: A Global Hub for Tokenization
Dubai has rapidly positioned itself as a global leader in digital asset innovation and tokenization regulation. Since the establishment of VARA in 2022, the Emirate has taken a bold and structured approach to fostering Web3 technologies and financial innovation.
Key drivers of Ctrl Alt’s decision to establish itself in Dubai include:
- Progressive regulatory environment
- Strong support for digital finance
- Robust compliance infrastructure for Web3 businesses
Industry Reactions
Matt Ong, Founder and CEO of Ctrl Alt, emphasized the importance of the milestone:
“Securing our VARA license reflects our long-term commitment to regulatory alignment as we build the infrastructure for next-gen financial products.”
Robert Farquhar, Head of MENA at Ctrl Alt, added:
“Dubai’s forward-thinking approach to tokenization gives innovators like us the freedom and clarity to operate. We’re proud to be part of this dynamic ecosystem.”
About Ctrl Alt
Ctrl Alt is a leading tokenization platform combining blockchain and financial engineering. The company provides secure, compliant infrastructure for turning real-world assets into digital tokens.
So far, Ctrl Alt has tokenized over $295 million in assets across various sectors, including:
- Real estate
- Private credit
- Funds
- Litigation finance
With offices in the UAE, UK, and Ireland, Ctrl Alt’s team includes seasoned professionals from major financial institutions like Morgan Stanley, Credit Suisse, UBS, and Revolut.
The Road Ahead
With VARA’s backing, Ctrl Alt is now better positioned to expand its services and support Dubai’s ambition to become the world capital for digital asset innovation. This approval also strengthens the legitimacy of tokenized finance as a compliant, scalable future for real-world asset investment.