Dubai Regulator Issues 50th VASP Licensing to Tribe Tokenisation FZE
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Dubai’s Virtual Assets Regulatory Authority (VARA) granted its 50th VASP license to Tribe Tokenisation FZE, marking regulatory progress for crypto, RWA tokenisation and token launch activity in the emirate. VARA said only 39 licensed VASPs were fully operational by end of 2025 and Tribe must complete the regulator’s operational process before launching services, highlighting adoption momentum but a gap between licensing and live market operations.
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- The Dubai VARA issued its 50th VASP license to Tribe Tokenisation FZE.
- VARA said only 39 licensed VASPs were fully operational by the end of 2025.
- Tribe will complete VARA’s operational process before launching services.
Dubai’s crypto regulator has issued its 50th Virtual Asset Service Provider (VASP) license, with real-world asset (RWA) platform Tribe Tokenisation FZE becoming the latest company to receive approval.
The milestone marks another step in the emirate’s push to build a regulated digital asset industry through its dedicated licensing framework.
The approval came from the Virtual Assets Regulatory Authority (VARA), which has overseen crypto businesses in Dubai since its launch in March 2022. While the regulator has now granted 50 licenses, it said that figure should not be treated as the number of firms currently operating in the market.
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