Animoca Brands has secured in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA) for a crypto broker-dealer license. This development marks a significant step in Animoca's expansion into regulated crypto brokerage services within the UAE. The approval follows the company's substantial Web3 investments, which have surpassed $45 billion in portfolio token market cap. In 2025, Animoca Brands established a Dubai office to bolster regional Web3 growth. The firm has also invested in UAE-based Param Labs and Saudi Arabia's NEOM Investment Fund, underscoring its commitment to the Middle Eastern market.