Dubai’s VARA approved Ctrl Alt as first VASP for crypto issuer services in the Emirate.
License allows Ctrl Alt full-stack RWA tokenization, including ARVA token issuance.
This sets a new licensing precedent; Ctrl Alt already worked with Dubai Land Dept.
Abu Dhabi-based Ctrl Alt, a regulated digital assets infrastructure provider, just received a significant regulatory green light from Dubai’s Virtual Assets Regulatory Authority (VARA). This approval makes Ctrl Alt the first Virtual Asset Service Provider (VASP) officially authorized to conduct issuer-related services in the Emirate.
The move not only expands Ctrl Alt’s operational scope in the region but also sets a new licensing precedent for VARA.
New License Permits Full-Stack RWA Tokenization, ARVA Issuance
The newly issued license will allow Ctrl Alt to provide both Broker-Dealer and Issuer services under Dubai’s comprehensive digital asset framework. According to VARA’s authorization, Ctrl Alt is now licensed to offer a full-stack infrastructure for tokenized real-world assets (RWAs). This includes the issuance and distribution of ARVA tokens – a specific type of RWA token.
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