DKK Partners, a fintech based in Dubai, has secured initial approval from the Virtual Assets Regulatory Authority (Vara) in Dubai.
The approval allows DKK to proceed with its aim to acquire a full licence and to offer virtual asset broker dealer services in the emirate.
DKK provides FX tools to manage currency risk and is now looking to extend that to offer access to stablecoin blockchain technology to corporate and institutional customers in Dubai.
Fintech DKK Partners opens Dubai office
Binance secures full licence from Dubai’s Vara
“Our expansion to Dubai last year was a huge success and we’re looking to extend our influence in the market by strengthening our compliance and innovation in the virtual asset space,” said Khaild Talkuder, co-founder and CEO of DKK.
The approval granted to DKK could see yet another digital assets provider set up shop in Dubai.