HashKey Group has officially expanded into the Middle East with the launch of HashKey Global MENA, following the approval of its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).
The license, granted to its operating entity HashKey MENA FZE, authorizes the company to provide Virtual Asset Exchange and Broker-Dealer services both within and from Dubai. This strategic move reinforces HashKey’s broader global expansion plan, cementing its presence in one of the world’s most dynamic and fast-growing crypto hubs.
Building on this momentum, HashKey Global MENA will offer fiat and crypto services tailored to institutional clients and high-net-worth individuals (HNWIs) across the Gulf Cooperation Council (GCC) region. Central to these services are direct USD and AED deposits and withdrawals, powered by banking partner Standard Chartered, which will ensure a secure and efficient fiat on/off-ramp experience.
In addition to fiat integration, the company has launched its over-the-counter (OTC) trading desk, providing large-scale crypto trades with competitive, transparent pricing and instant execution. The platform will support major digital assets, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC. All assets will be securely custodied under VARA-compliant infrastructure, meeting the highest institutional standards.
“As a licensed platform, we’re focused on delivering secure, cost-efficient access to global markets while reinforcing the UAE’s status as a blockchain innovation hub,”
said Sherif Sanad, Country Manager at HashKey Global MENA.
With operations scheduled to go live on May 19, HashKey aims to expand its offerings with a broader range of institutional-grade products developed within Dubai’s regulatory framework.
Meanwhile, furthering its innovation roadmap, HashKey Group also announced plans to launch the mainnet of its Ethereum layer-2 solution, HashKey Chain, in the fourth quarter of 2024. The update, shared via the project’s official social media channels, reflects the company’s ongoing commitment to blockchain scalability, although an exact launch date has yet to be confirmed.
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