Amber Premium FZE, the Dubai-based subsidiary of Amber Group, announced on April 28 that it received a Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA), authorizing it to offer three distinct crypto services to institutional clients.
"Receiving the VASP License from VARA is a milestone in our long-term roadmap for the region," said Michael Wu, CEO and Chairman of the Board at Amber Premium. "This authorization accelerates our mission to provide institutional-grade digital wealth infrastructure to our clients in the UAE."
The license allows Amber Premium to provide VA Broker-Dealer Services, VA Management and Investment Services, and VA Lending and Borrowing Services. This move from VARA, which granted an in-principle approval to the firm in December 2025, enables Amber Premium to cater to a global institutional and qualified investor base from its Dubai hub.
The development highlights a broader trend of crypto-focused firms seeking regulatory clarity in the UAE. Just a day prior, LTP, another crypto service provider, announced it had also secured a VASP license from VARA. The approvals come ahead of the RWA Summit scheduled in Dubai on May 1, an event bringing together stakeholders from traditional finance and Web3, further cementing the city's role as a global crypto hub.
VARA was established in 2022 as the world's first independent regulator for virtual assets. Its framework is designed to provide clear guidelines for crypto-related activities, attracting firms that require a regulated environment to serve institutional clients with stringent internal governance and risk protocols.
This article is for informational purposes only and does not constitute investment advice.
