XBASE Virtual Assets Broker & Dealer Services LLC, operating as Relm and a subsidiary of XBD Group, has received its full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
The license authorises Relm to operate as a regulated virtual assets broker-dealer in the UAE, permitting the company to provide compliant digital asset trading and over-the-counter (
#OTC) services to institutional clients, enterprises, and qualified counterparties operating in and through the region.
This approval follows Relm’s
#successful completion of VARA’s licensing process, including its earlier In-Principle Approval (IPA), and confirms that Relm has met all regulatory, governance,
#risk, and operational requirements under Dubai’s virtual assets framework.
With the issuance of the
#VASPlicense, Relm is now authorised to onboard clients and commence regulated operations from Dubai, operating within VARA’s comprehensive regulatory framework that has position...