Dubai DMCC/DIFC

Home
Digital Asset Licenses
Dubai DMCC/DIFC

Activities

Both Dubai Multi Commodities Centre (DMCC) and Dubai International Financial Centre (DIFC) offer licensing frameworks for companies engaging in digital asset activities. Licensed entities can provide the following services:

Digital Asset Exchange
Facilitate the buying, selling, and trading of digital assets and tokens on a regulated exchange platform.
Brokerage Services
Act as intermediaries for clients in digital asset trading.
Custodial Services
Securely store digital assets on behalf of clients, ensuring the safety and management of assets like digital assets.
Wallet Services
Offer wallet services for digital asset storage and transfers.
Advisory Services
Offer investment advice and consultancy related to blockchain technology and digital asset investments.
ICO/STO Facilitation
Manage or offer Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) under specific regulatory conditions.

Requirements

To obtain a Digital Asset License from DMCC or DIFC, applicants need to meet several regulatory conditions, which may differ slightly between the two jurisdictions but generally include the following:

Business Plan
Submit a detailed business plan that outlines the company’s objectives, services offered, target markets, and security infrastructure for handling digital assets.
Fit and Proper Test
Submit a detailed business plan outlining the digital asset services, target market, security measures, and compliance strategies.
Minimum Capital Requirements
Maintain a minimum capital level to ensure financial stability. The specific capital requirements depend on the scope of the services provided.
AML/CTF Compliance
Adhere to the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) regulations. Implement strong Know Your Customer (KYC) procedures to ensure transparency and client protection.
Cybersecurity
Demonstrate robust cybersecurity measures for safeguarding digital assets, customer data, and financial transactions.
Physical Office
Establish a physical presence in DMCC or DIFC, with a registered office in the jurisdiction.
Regulatory Reporting
Provide regular reports on operations and ensure ongoing compliance with the laws and regulations governing digital asset activities in Dubai.
Insurance
Secure appropriate insurance coverage to mitigate risks related to cyberattacks or financial loss in the digital asset market.

Contact Us Today

Transform Your Vision into Reality

Partner with FP Technology to launch your very own fintech or financial services company with ease, efficiency, and speed. Our solutions empower you to compete in the global fintech and financial markets with minimal setup time and maximum efficiency.

Make an Inquire Now