Institutional custody platform Ceffu has received a full Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license, granted to its subsidiary Ceffu Custody FZE, authorizes the company to provide regulated institutional custody services in and from Dubai.
The development follows Ceffu’s in-principle approval (IPA) from VARA on 22 May 2025, as previously reported by Unlock Blockchain.
Incubated within the Binance ecosystem, Ceffu now functions as a separate, licensed entity with its own governance and operations, and is headquartered in Singapore. With the full VARA license, the company is expanding its presence to Dubai to serve institutional clients in the UAE.
Its custody platform leverages multi-party computation (MPC), multi-approval schemes, and transaction approval policies, supported by cold storage solutions.
“This full operating license from VARA reflects both the robustness of Dubai’s regulatory environment and Ceffu’s commitment to regulatory excellence. With the Middle East rapidly emerging as a global hub for cryptocurrency and blockchain technology, this license reinforces our ability to provide secure and compliant custody infrastructure for institutional clients,” said Ian Loh, CEO at Ceffu.
Ceffu added that it will continue working with VARA on expanding its Dubai-based services to include hot wallet solutions, off-exchange settlement, and institutional staking, subject to regulatory approval.
