The Virtual Asset Regulatory Authority (VARA) in Dubai has granted the company an Initial Approval. The company will now endeavor to obtain a full Virtual Asset Service Provider License from VARA. This is a critical milestone in Liminal's transformation into a reliable steward of virtual assets in the United Arab Emirates.

Liminal Custody Solutions Middle East CEO Amir Tabch said, "We are overjoyed to acquire this preliminary permission from VARA. This accomplishment demonstrates our dedication to satisfying client needs while upholding the strictest legal requirements. We're excited to collaborate with VARA to complete our operations and launch regulated custody services as soon as possible."

Following the acquisition of the VASP License, Liminal's team of seasoned professionals and industry experts will handle its custody operations in the Middle East. They will do this by putting in place strict audit procedures, extensive risk management, and strong compliance and security standards to protect client assets.