LTP receives official VASP license from Dubai's VARA, continuing to deepen institutional-grade crypto services in the Middle East market.

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ME News, April 24 (UTC+8), LTP, a globally leading institutional-grade digital asset prime broker, today announced that it has officially obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). This milestone marks LTP’s official entry into the Middle East, authorizing it to offer regulated digital asset services to institutional clients.

Key Points:

  • Regulatory Deepening: LTP’s business is built on regulatory compliance, institutional-grade risk management, and operational excellence. The company holds licenses and registrations in multiple jurisdictions and works closely with global regulators to ensure the highest standards of investor protection and market integrity.

  • Market Context: As traditional finance increasingly demands compliant channels, this move by LTP is seen as a core step in expanding its global compliance footprint.

  • Strategic Significance: This marks LTP’s formal and deep expansion into the Middle East and North Africa (MENA) region, positioning Dubai as one of the key hubs in its global compliance landscape.

  • Infrastructure: LTP will leverage its high-security, ultra-low-latency trading infrastructure to connect with top global exchanges, providing capital efficiency solutions for hedge funds, family offices, and proprietary trading platforms.

LTP founder and CEO Jack Yang stated in the announcement that Dubai’s progressive regulatory framework provides an ideal environment for institutional clients, and the company is committed to operating under strong regulatory standards. (Source: LTP)

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