Hicks Trust offers brokerage and trading services with a new license in Dubai
Although granted on April 26, Hex Trust's additional virtual asset service provider license remains suspended due to pending regulatory requirements, as set out in the Dubai Virtual Asset Regulatory Authority (VARA) public registry.
Hicks Trust offers brokerage and trading services with a new license in Dubai
local news
The company announced on June 5 that institutional crypto custodian Hex Trust has obtained an additional Virtual Asset Service Provider (VASP) license from Dubai's digital assets regulator, extending the full market authorization of its arm.
The Dubai Virtual Assets Regulatory Authority (VARA) has authorized HT Markets MENA (HEX Trust) FZE to provide brokerage, trading, management and investment services to institutional and qualified investors, the announcement said.
These licensed activities also include regulated staking services.
However, the permit, which was initially issued on April 26, is still pending, according to the public registry of the Dubai Virtual Assets Regulatory Authority. The company will still need to meet some regulatory requirements for the license to be active, similar to the OKX virtual asset service provider license.
