HashKey Expands into UAE as Demand for Crypto Services Grows
Highlights:
- HashKey Global MENA will launch crypto services in Dubai after acquiring a license from the local authority.
- The Standard Chartered will offer support to the platform to provide trading services.
- HashKey aims to meet the growing demand in the UAE as it expands its global reach.
HashKey Group has received a Virtual Asset Service Provider license from the Virtual Assets Authority in Dubai. The license was issued to its local entity, HashKey MENA FZE. The license enables the company to begin operating in the United Arab Emirates under the name HashKey Global MENA. With this approval, the company can now provide virtual asset exchange and broker-dealer services to clients based in Dubai and those originating from the Emirates.
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We are thrilled to announce that ๐๐ฎ๐๐ต๐๐ฒ๐ ๐๐ฟ๐ผ๐๐ฝ has officially obtained the ๐ฉ๐ถ๐ฟ๐๐๐ฎ๐น ๐๐๐๐ฒ๐ ๐ฆ๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ ๐ฃ๐ฟ๐ผ๐๐ถ๐ฑ๐ฒ๐ฟโฆ https://t.co/Egu6TqAE28
— HashKey Group (@HashKeyGroup) May 12, 2025
The official launch of HashKey Global MENA is set for May 19. This step forms part of the groupโs broader plans to expand into the Middle East. Moreover, it intends to serve a growing base of institutional and high-net-worth clients. HashKey is trying to meet an increasing demand for solid digital asset platforms in the region. The firm pays attention to providing products that meet the demands of experienced investors interested in investing in digital assets safely.
The license it has acquired gives it the freedom to provide its offerings while being governed by local laws. The company has emphasized that its new platform will help bridge the gap between traditional banking and digital assets for clients in the region. Sherif Sanad, the country manager, said that HashKey Global MENA is ready to deliver secure access to crypto services. Moreover, it intends to expand the companyโs footprint in the region while focusing on client safety and compliance.
Partnership with Standard Chartered to Support Crypto Services
The new entity that will operate in the UAE will present comprehensive fiat-to-crypto services. The new offering is powered by Standard Chartered banking services. Both USD and AED deposits and withdrawals are available on the platform, which enables easy movement of funds between user bank accounts and HashKey. The partnership with the bank will enable the platform to convert fiat to crypto and vice versa. The partnership simplifies access to virtual assets.
The platform will also provide over-the-counter trading (OTC) in digital assets. In addition, the service has been designed to facilitate big trades with immediate processing. Meanwhile, clients will have flexible options for completing settlements and can trade leading digital assets like Bitcoin and Ethereum, as well as stablecoins. All digital assets will be stored in a secured and licensed environment, complying fully with institutional standards for protection.
HashKey focuses on covering the liquidity requirements of its clients while keeping safety as a central priority. The addition of fiat services along with OTC trading helps create a platform that attracts professional investors in both the UAE and the broader region.
Global Strategy Aligns with Growing Presence in MENA Region
The company continues to expand internationally and already holds licenses in major jurisdictions such as Hong Kong, Singapore, Japan, and Bermuda. In addition, it has virtual asset provider registration in Ireland. At the same time, HashKey is in the process of seeking approval under the EUโs new Markets in Crypto-Assets framework.
The companyโs expansion into the UAE comes as other global firms shift operations in response to recent changes in the European digital asset environment. In particular, many companies now view the UAE as a favorable location. This view is due to clear guidelines and active support for blockchain and crypto-related ventures. As part of this shift, a state-owned investment firm in Abu Dhabi plans to invest $2 billion into Binance using a stablecoin known as USD1, developed by World Liberty Financial.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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