Crypto Custodian Hex Trust Receives Full Operating License in Dubai, Ready to Take Over the Middle East

Hex Trust, a Crypto Custodian, Secures Full Operating License in Dubai

Crypto custodian Hex Trust gets full Dubai operating license.

In a groundbreaking move for the crypto industry, institutional-grade custodian Hex Trust has just obtained a full operating license from Dubai’s Virtual Assets Regulatory Authority (VARA). This regulatory regime went into effect earlier this year, and now Hex Trust has completed the final step in the licensing process, allowing them to offer their top-notch custodial services to institutional clients and sophisticated investors in Dubai.

Now, I know what you’re thinking. How does one “obtain” a license? Is it like waiting in line for hours at the DMV, only to be told you’re missing a form? Well, in Hex Trust’s case, it’s a little different. They had already been granted a minimum viable product (MVP) operational license back in February, but this is the real deal. It’s like upgrading from a beat-up jalopy to a shiny new Tesla. It’s the perfect license for a crypto service provider looking to leave a mark in the Middle East.

And mark my words, Hex Trust is ready to make an impact. According to Filippo Buzzi, Hex Trust’s MENA regional director, they are “fully committed to expanding into the Middle East and see enormous potential for digital asset growth”. With the region’s progressive regulations, welcoming governments, and thriving crypto ecosystem, it’s no wonder Hex Trust can’t resist the allure.

But that’s not all, folks! Hex Trust isn’t just stopping at Dubai. They’re taking over Europe too. In August, they were also approved for registration by France’s financial markets regulator. It’s like watching an explorer plant their flag in uncharted territory. Digital asset custody, buying, selling, and trading – Hex Trust does it all.

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So, digital asset investors, listen up! Hex Trust is on the move, and they’re waving their operating license like a superhero’s cape. They’re ready to protect and secure your crypto treasures, whether you’re in Dubai or roaming the streets of Europe.

Are you excited about Hex Trust’s expansion plans? Do you think they have what it takes to make a splash in the Middle East and Europe? Let us know in the comments below! And remember, keep investing and stay crypto-savvy, my friends!

Read more: Crypto Custodian Hex Trust Expands European Foray With Registration in France

Edited by Stephen Alpher.

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