Payward Earns VARA License in the UAE Enabling Kraken’s Regional Expansion
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Payward, Kraken’s parent company, secured VARA authorization in the UAE with preliminary broker-dealer, investment and management licenses, enabling Kraken to offer full services locally. This regulated on‑ground expansion strengthens crypto adoption, institutional access and market credibility in the region and supports Kraken’s broader growth and licensing-driven expansion plans.
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- Payward, Kraken’s parent company, has secured the UAE’s VARA authorization.
- Kraken can now deliver full-fledged services to clients in the United Arab Emirates.
- Payward aims to establish broader global growth through regulated on-ground operations.
Payward, the parent company and primary legal entity behind the cryptocurrency exchange Kraken, has secured the Virtual Asset Regulatory Authority (VARA) Authorization, allowing it to operate in the UAE.
In its latest announcement, the unified financial infrastructure platform confirmed its expansion into the region after being granted preliminary approval for a broker-dealer, investment, and management license from VARA.
A Regulatory Go-Ahead in the UAE
Notably, Kraken is one of the world’s long-standing and arguably most liquid cryptocurrency platforms. The VARA approval offers the crypto exchange regulator…
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