Amber Premium FZE Secures VARA License for Broker-Dealer, Asset Management and Lending Services
Amber Premium FZE received a Virtual Asset Service Provider License from Dubai's Virtual Assets Regulatory Authority, authorizing broker-dealer, asset management and lending services. The approval enables the subsidiary to offer services to global institutional and qualified investors, accelerating its institutional-grade digital wealth platform expansion in the UAE.
1. License Award and Scope
Amber Premium FZE has been granted a Virtual Asset Service Provider License by Dubai's Virtual Assets Regulatory Authority, enabling the Dubai subsidiary to offer virtual asset broker-dealer services, asset management and investment services, and lending and borrowing services for global institutional and qualified investors.
2. Expansion into UAE Market
The authorization marks a key step in Amber Premium's growth strategy, allowing it to deploy its private banking-grade digital wealth management platform in the UAE and leverage a compliance-first architecture to attract high-net-worth and institutional clientele in one of the fastest-growing cryptocurrency hubs.
3. Regulatory Significance of VARA
Established under Dubai Law No. 4 of 2022, the Virtual Assets Regulatory Authority is the world's first independent regulator for virtual assets, setting global benchmarks in market integrity, investor protection, and governance, and providing a robust framework that supports Amber Premium's institutional-grade offerings.