- VARA grants WadzPay a VASP license for virtual asset broker-dealer services.
- WadzPay aims to revolutionize digital transactions with secure blockchain-based solutions.
- Final approval will enable WadzPay to launch operations across the Middle East.
Dubai’s Virtual Assets Regulatory Authority, has granted WadzPay a Virtual Asset Service Provider (VASP) license. This achievement marks a major milestone for the fintech company based in Dubai. While the license remains non-operational until final conditions are met, WadzPay is on the verge of launching regulated virtual asset services. The company aims to bring secure and seamless blockchain-based solutions to businesses and customers across the Middle East.
Building a Stronger Virtual Asset Ecosystem
WadzPay has earned recognition as a leader in blockchain technology for virtual assets. The company plans to use this license to redefine digital transactions in the region. Founder and CEO Anish Jain highlighted how the license reflects WadzPay’s commitment to innovation and compliance. This step brings WadzPay closer to delivering advanced financial solutions that meet regulatory standards.
The approval allows WadzPay to offer broker-dealer services for virtual assets. By implementing cutting-edge technology, WadzPay will help financial institutions provide their customers with smoother, safer transactions. This progress strengthens trust in blockchain technology while advancing the growth of the digital asset market in the region.
A New Era for Blockchain Solutions
WadzPay’s leadership sees this license as a turning point. Ram Chari, Board Member and Group Director, emphasized that the approval solidifies WadzPay as a trusted provider of blockchain-based financial services. The company remains focused on enhancing user experiences by offering secure and innovative solutions.
Khaled Moharem, President of MENA and Europe, described the license as a validation of WadzPay’s efforts. He called it a launchpad for delivering transformative solutions that inspire customer confidence and promote compliance in the digital asset industry.
As the company prepares to meet the final regulatory requirements, the Middle East anticipates a new era of blockchain-based financial services. This VASP license positions WadzPay to lead the way in secure, efficient, and groundbreaking virtual asset transactions.