EVIDENT has been granted Approval in Principle for a Broker-Dealer License by Dubai’s Virtual Assets Regulatory Authority (VARA), marking a significant step in our mission to connect the world’s most dynamic digital asset, alternative asset, and private wealth markets through our trusted digital market infrastructure. This milestone follows our existing license in Hong Kong and represents our commitment to building a regulated, seamless, and global investment ecosystem for alternative assets.
This achievement underscores EVIDENT’s strategic focus on licensing as a cornerstone of our long-term company infrastructure—and a central element of company value creation. By operating under robust regulatory frameworks like those in Dubai and Hong Kong, we are creating a foundation for seamless cross-regional transactions in alternative assets, fostering global market connectivity, and delivering enhanced value for our clients. These licensing efforts enable us to bridge high-growth private wealth regions, such as Hong Kong, which is set to become the world’s leading private wealth hub in the coming years, and Dubai, a critical node for the global digital asset ecosystem.
The VARA Broker-Dealer License is designed to regulate and empower entities operating within the virtual asset ecosystem. It authorizes license holders to facilitate transactions, execute trades, provide advisory services, and manage client accounts for virtual assets. This ensures transparency, investor protection, and robust market integrity. Additionally, licensed entities adhere to stringent compliance, governance, and operational standards, aligning with VARA’s mission to establish Dubai as a global hub for innovative and compliant digital asset activities.
By securing this license, EVIDENT is positioned to offer a range of secure, transparent, and regulated services, enabling seamless trading, advisory, and investment opportunities for clients across the region. Moreover, this licensed setup enables EVIDENT to expand its existing services in alternative asset tokenization, administration, and distribution, as well as adjacent or incidental services. Through the Dubai setup, EVIDENT is poised to provide these services to the UAE market and beyond, further enhancing its ability to connect global private wealth markets with dynamic, innovative investment opportunities.
EVIDENT’s approach to regulatory adherence is integral to our strategy. With a successful track record under Hong Kong’s advanced licensing regime for digital assets and tokenized securities, we have now extended this expertise to the UAE. VARA’s Broker-Dealer License reflects our commitment to maintaining the highest operational and governance standards, ensuring transparency, investor protection, and robust compliance across jurisdictions.
The approval sets the stage for EVIDENT’s official launch in the UAE market in Q1 2025. We plan to expand our service offerings shortly thereafter, broadening our product suite to cater to a distributed global investor base—with new services and offerings to be announced. This move aligns with our broader strategy of establishing strong regional partnerships on both the asset issuance and distribution sides, leveraging intermediaries to scale access and impact.
EVIDENT is proud to be among the few companies operating a unique setup that connects two of the world’s most dynamic private wealth markets—Hong Kong and Dubai. This milestone is a testament to our strategic approach to creating a global network of regulated digital investment opportunities, driving innovation, and expanding access to alternative assets.
As we advance toward a fully licensed status in Dubai in January 2025, we are excited to announce new regional partnerships and additional services in due course, further strengthening our global footprint. Together with our partners, EVIDENT continues to lead the way in transforming private markets through regulatory excellence and strategic collaboration.
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