The Hex Trust Group, a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, said it secured an additional Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai.
The second license extends to its VA Broker-Dealer and VA Management and Investment arm, HT Markets MENA FZE, the company said in a media statement.
The approval follows the issuance of Hex Trust’s full VASP License in November 2023, which allows Hex Trust to provide virtual asset custodial services to institutional clients and sophisticated investors.
This second license will also allow Hex Trust to offer comprehensive virtual asset services covering broker-dealer and management and investment services, which include regulated staking services.
Hex Trust Markets offers safe access to the DeFi ecosystem, where clients can generate yield with native on-chain staking solutions and execute trades with the support of Hex Trust’s markets team.
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