Ctrl Alt Becomes First VARA-Licensed VASP in Dubai, Expanding Tokenization and Regulated Brokerage Services

Ctrl Alt, a leading tokenization infrastructure platform, has secured a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA). This makes Ctrl Alt the first VASP authorized by VARA to offer issuer-related services in Dubai. The license allows Ctrl Alt to provide both Broker-Dealer and Issuer services, enabling the creation, management, and distribution of digital assets within Dubai’s regulated crypto environment. The regulatory approval signifies Dubai’s continued drive to lead in the global virtual asset industry, fostering a transparent and secure market. For crypto traders, this development brings expanded access to compliant tokenization and digital asset brokerage services in Dubai. The new license incorporates strict regulatory requirements, such as comprehensive KYC obligations, robust market surveillance, and reporting to local financial authorities to help prevent market abuse and enhance participant trust. The entry of Ctrl Alt as a VARA-approved VASP is expected to spur further innovation and adoption among institutional and retail market participants, while attracting more international crypto projects to Dubai’s evolving ecosystem. This milestone reinforces Dubai’s status as a rising hub for regulated cryptocurrency trading and tokenization services.