Dubai World Trade Centre (DWTC)-based DKK Partners FZE, a subsidiary of DKK Partners, a leading fintech company focused on emerging markets (EM) and foreign exchange (FX) liquidity, has received preliminary approval from the Dubai Virtual Asset Regulatory Authority (VARA) to provide virtual asset broker-dealer services.
DKK Partners FZE will continue to work towards obtaining a full Virtual Asset Service Provider License from VARA.
DKK Partners empowers corporates and institutions in emerging markets with expert FX solutions. They manage currency risk, ensure optimal liquidity, and streamline local collections to drive business growth.
VARA’s preliminary approval allows DKK FZE to proceed with the licensing process as they look forward to providing corporate and institutional clients in Dubai and the UAE with access to stablecoin blockchain technology and the ability to leverage USDT and USDC.
Khalid Talukder, co-founder and CEO of DKK Partners, said:
“This is an extremely exciting time for DKK in the Middle East and receiving VARA’s initial approval will allow us to continue to shine in the region. Our expansion into Dubai last year was a huge success and we look forward to growing our presence in the virtual asset space through enhanced compliance and innovation. This license is a game changer for DKK and Dubai’s digital asset landscape, empowering businesses to confidently engage with blockchain technology and enjoy the benefits of stablecoin stability and a regulatory framework.”
Victoria Albergini, Head of Partnerships at DKK Partners FZE in Dubai, said:
“Since our launch last year, DKK Dubai has continued to go from strength to strength and is a leader in the rapidly evolving digital asset space. VARA’s initial approval strengthens our ability to serve the unique needs of our corporate and institutional clients.”
VARA’s preliminary approval furthers DKK Partners’ comprehensive digital asset strategy, establishing Dubai as a key hub for its operations in the Middle East.