BitGo, digital asset custodian and crypto wallet solution provider has received a full operational license allowing its subsidiary BitGo Custody MENA FZE to provide virtual asset custody services and staking.
The license obtained from Dubai’s Virtual Assets Regulatory Authority (VARA), comes after BitGo received in-principle approval in early 2025.
As per the press release, with this license, BitGo Custody MENA FZE can offer its secure and efficient cold storage custody services to Institutional and Qualified Investors in the UAE.
Ben Choy, General Manager of BitGo Custody MENA FZE, noted that the license ensures that BitGo is providing the most secure and scalable solutions for the digital asset economy while adhering to the highest regulatory standards. He stated:
“Receiving authorization from VARA reinforces our role as a trusted partner for institutional investors and allows us to provide our award winning services from Dubai.”
BitGo continues to establish itself as a leading global provider of digital asset products and services, having recently secured its position as the world’s largest staking platform by total locked value with $48 billion in assets staked.
BitGo will be competing not only with several other licensed crypto custodians — such as Laser Digital, BitPanda, and Komainu — but also with crypto exchanges and the UAE banking sector, which are beginning to offer crypto trading and custodial services.
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