Selini Capital, a digital asset trading and investment firm, has been licensed by Dubai’s Virtual Asset Regulatory Authority (VARA) with a VASP license allowing it to offer crypto brokerage services to qualified and institutional investors globally. It will also be offering OTC trading services.

As per the announcement, the license comes after a rigorous assessment process during which the company demonstrated its high standards of compliance, commensurate with Dubai’s robust regulatory regime for virtual assets.

Jordi Alexander, Founder of Selini, commented, “Securing our VARA license is a milestone we are very proud of. We look forward to contributing to the growth of Dubai’s digital asset industry and working closely with our global partners who will be able to leverage our advanced, high-performance technology and crypto OTC services.”

Matthew Grint, General Manager of Selini Capital FZE, also added that the will be introducing unique trading capabilities and innovative liquidity solutions. He noted, “Selini’s strength in order execution comes from our global market connectivity and state-of-the-art trading technology. We are grateful to VARA for the time they have taken to understand our business, and their continued commitment, which we share, to building a safe and secure digital asset economy”.

On LinkedIn, Selini noted that the license allows Selini to expand its regulated footprint in the UAE and Middle East.

Selini had received an in principle approval back in September 2024. With the new licensed being approved by VARA, there are no more than 40 licensed VASPs out of Dubai UAE.