Key facts
- Dubai's Virtual Assets Regulatory Authority (VARA) has granted its 50th license.
- Tribe Tokenisation FZE received the 50th license.
- As of the end of 2025, 39 licensed firms were fully operational.
- The number of licensed virtual asset service providers has reached 50.
- Dubai continues to expand its regulated cryptocurrency market.
Dubai's Virtual Assets Regulatory Authority (VARA) has reached a significant milestone by granting its 50th license to a virtual asset service provider. The recipient of this latest license is Tribe Tokenisation FZE. This development marks a key point in the expansion of Dubai's regulated cryptocurrency market. While 50 firms have now secured licenses to operate within the emirate, the number of fully operational entities stood at 39 by the close of 2025. This figure indicates a steady progression in the establishment and active functioning of virtual asset service providers under VARA's oversight. The ongoing growth and operationalization of these firms are central to Dubai's strategic ambition to become a leading global hub for virtual assets.