HT Markets MENA (“Hex Trust”) FZE has recently received the License from Dubai’s Virtual Assets Regulatory Authority [VARA], enabling it to offer Broker-Dealer Services.

This follows the previous success of Hex Trust MENA FZE in November 2023, when it obtained the Minimum Viable Product (MVP) operational License for Custody Services, allowing it to offer bank-grade custody and associated services to Institutional Investors and sophisticated investors in the Emirate of Dubai.

Hex Trust’s Dubai office is run by Filippo Buzzi, regional Director MENA of Hex Trust. Hex Trust acknowledges the enormous potential for virtual asset growth in the region, driven by progressive regulation, and a thriving ecosystem for virtual assets. Furthermore, Hex Trust is committed to upholding the highest standards of compliance.

With the evolving regulatory landscape of virtual assets, it is anticipated that more Virtual Asset Service Providers (VASPs) will be licensed by VARA, further enriching the virtual asset ecosystem in the region.