Indian fintech Nuqi Digital Wealth has been awarded a licence by the Dubai Financial Services Authority (DFSA).
The firm has also secured a licence from India’s Securities and Exchange Board, thereby enabling it to provide digital wealth services in both India and the UAE.
Nuqi Digital Wealth UAE is also planning to launch its Wealth Advisory mobile app.
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“This generation craves more than just returns,” said Imran Farooqui, founder and CEO of Nuqi Digital Wealth. “They demand transparency, impact, and ethical alignment.”
Dubai has been prolific in granting licences to digital assets firms in the past two years.
In addition to approving a number of digital wealth management offerings, the DFSA has also given the green light to a number of digital assets exchanges in an effort to establish itself as a regional hub for digital and crypto assets.