iPhone | iPad
Android
Huawei
The accolade highlights Bajaj's remarkable achievements in media strategy and client success
KT APPDOWNLOAD
Shipfinex FZCO receives initial approval from Dubai Virtual Assets Regulatory Authority
This approval marks a significant step toward launching a regulated and secure platform for investors
Shipfinex FZCO is pleased to announce it has received an "initial approval" for licensing from the government of Dubai Virtual Assets Regulatory Authority (VARA). Licensing remains subject to fulfilment of pre-operating conditions and qualifying for operational approval.
This approval marks a significant step toward launching a regulated and secure platform for investors seeking fractional ownership and investment opportunities in the maritime industry.
The initial approval and no-objection certificate is a testament to Shipfinex’s commitment to compliance and innovation. This is an essential milestone in the pursuit of a complete Virtual Asset Service Provider (VASP) License and will enable Shipfinex to move forward in the licensing process as we look to offer comprehensive virtual asset services and related activities in the region in the future.
"We are thrilled to receive this initial approval, which allows us to lay the groundwork for our operations and move closer to offering innovative and compliant virtual asset services to our clients," said Capt Vikas Pandey, CEO of Shipfinex FZCO. "This initial approval aligns with our commitment to contribute to the UAE’s strategy for future innovation and sustainability."
As the global landscape for virtual assets evolves, the potential for regulated tokenised assets becomes increasingly significant. By adhering to comprehensive compliance and risk management protocols, Shipfinex aims to democratise ship ownership, making ships accessible to a wider range of investors – both retail and institutional.
Shipfinex’s operations in the UAE, once fully licensed, will enhance the country’s digital asset infrastructure, contributing to its reputation as a forward-thinking hub for financial innovation. With its robust regulatory environment and strategic initiatives, the UAE is a leader in the financial industry. Shipfinex’s presence will further strengthen Dubai’s status as a global maritime and commerce hub, driving economic growth through innovative solutions and fractional ownership models.
Shipfinex is a pioneering platform in the maritime sector offering secure and regulated opportunities for investing and owning tokenized maritime assets. By leveraging innovative solutions, Shipfinex provides secure, efficient, and transparent services, enhancing the value chain for investors globally. For more information, visit www.shipfinex.com
More news from KT Network
The collaboration aims to democratise and simplify escrow services, making them more accessible through a user-friendly digital platform
The unique experience brings together six strangers for a face-to-face meal, fostering new friendships, partnerships, and even mentorship opportunities
The app stands out by offering access to legal professionals in over 100 areas of law, including debt, disputes, contracts, and more
With over 300 million stockholders globally, the need for advanced tools like TradeGPT has never been greater
Kayal’s work has been celebrated for its use of rich textures, refined colour palettes, and meticulous attention to detail
With this incredible lineup of rewards, Big Ticket continues its tradition of offering bigger prizes and more opportunities for participants to win
From helping businesses set up on the mainland, in free zones, or offshore, Trinity Group ensures a seamless process by handling the legal and regulatory requirements