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Dubai's VARA issues license to Tribe Tokenisation, bringing the total number of licensed VASPs to 50.

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Dubai's Virtual Assets Regulatory Authority (VARA) has issued its 50th Virtual Asset Service Provider (VASP) license to tokenized asset platform Tribe Tokenisation FZE. VARA stated that holding a valid license does not necessarily mean the company has completed commercial launch, and newly licensed companies may need to go through a controlled operations phase before offering services or accepting clients. As of the end of 2025, VARA classified 39 licensed VASPs as fully operational, with 2026 updated data still being verified. In comparison, the Monetary Authority of Singapore (MAS) currently lists 37 major payment institutions authorized to provide Digital Payment Token (DPT) services, while the Hong Kong Securities and Futures Commission lists 13 formally licensed virtual asset trading platforms. (Cointelegraph)
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CraterLiquidity
· 9h ago
VARA has issued its 50th license, its pace is much faster than Hong Kong.
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SandwichDodger
· 9h ago
The point that having a license ≠ being listed is crucial; many project teams tend to misunderstand this.
View OriginalReply0
DewdropSapling
· 9h ago
MAS has 37, Hong Kong has 13, Dubai has 39, and the tripartite pattern in Asia is emerging.
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GateUser-4bd1cc87
· 9h ago
39 companies are fully operational, but the ones actually running are still few, strict selection by regulators.
View OriginalReply0
MoonlightReef
· 9h ago
The 2026 data is still being verified, indicating that VARA itself is cautious and does not just issue licenses without oversight.
View OriginalReply0

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