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Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA

Business

Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA
Business

Business

Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA

2024-09-23 22:00 Last Updated At:22:15

SINGAPORE, Sept. 23, 2024 /PRNewswire/ -- Amber Group, a leading global digital asset company, today announced that its Dubai subsidiary, Amber Premium FZE, has secured an in-principle approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

The in-principle approval allows Amber Premium FZE to offer a comprehensive suite of virtual asset services, including broker-dealer activities, lending and borrowing solutions, and management and investment services, all within the regulatory framework of the UAE. Serving as the company's regional headquarters, Amber Premium FZE will cater to both institutional clients and high-net-worth individuals in the region.

As the world's first specialized regulator for virtual assets, VARA is committed to fostering a responsible and innovative virtual asset ecosystem in Dubai. Its comprehensive regulatory framework, designed to protect investors and ensure market integrity, aligns with Amber Group's own commitment to security and compliance.

"We are proud to receive this in-principle approval, underscoring our dedication to responsible innovation within robust regulatory environments like Dubai's," said Michael Wu, CEO of Amber Group. "With our regional hub in Dubai, we look forward to expanding our premium virtual asset services and expertise across the Middle East, providing clients with tailored solutions backed by our deep global experience."

With a proven track record of compliance, Amber Group previously secured licenses from major financial centers worldwide, including a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and Type 1, 4, and 9 licenses from the Hong Kong Securities and Futures Commission through its subsidiaries.

About Amber Group

Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, we've built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, we leverage AI, blockchain and quantitative research to deliver personalized and cutting-edge solutions to help our global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions

For more information, please visit:

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai's advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

Learn more at: https://www.vara.ae/


SINGAPORE, Sept. 23, 2024 /PRNewswire/ -- Amber Group, a leading global digital asset company, today announced that its Dubai subsidiary, Amber Premium FZE, has secured an in-principle approval (IPA) for the Virtual Asset Service Provider (VASP) license from the Dubai Virtual Assets Regulatory Authority (VARA).

The in-principle approval allows Amber Premium FZE to offer a comprehensive suite of virtual asset services, including broker-dealer activities, lending and borrowing solutions, and management and investment services, all within the regulatory framework of the UAE. Serving as the company's regional headquarters, Amber Premium FZE will cater to both institutional clients and high-net-worth individuals in the region.

As the world's first specialized regulator for virtual assets, VARA is committed to fostering a responsible and innovative virtual asset ecosystem in Dubai. Its comprehensive regulatory framework, designed to protect investors and ensure market integrity, aligns with Amber Group's own commitment to security and compliance.

"We are proud to receive this in-principle approval, underscoring our dedication to responsible innovation within robust regulatory environments like Dubai's," said Michael Wu, CEO of Amber Group. "With our regional hub in Dubai, we look forward to expanding our premium virtual asset services and expertise across the Middle East, providing clients with tailored solutions backed by our deep global experience."

With a proven track record of compliance, Amber Group previously secured licenses from major financial centers worldwide, including a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) and Type 1, 4, and 9 licenses from the Hong Kong Securities and Futures Commission through its subsidiaries.

About Amber Group

Amber Group is a global digital asset leader headquartered in Singapore. Since 2017, we've built full-stack solutions that bridge traditional finance and digital assets, offering end-to-end services including wealth management, asset management, market making, advisory, investing and infrastructure. Backed by top investors and with deep expertise in crypto and traditional markets, we leverage AI, blockchain and quantitative research to deliver personalized and cutting-edge solutions to help our global client base of HNW individuals, institutions, crypto funds, exchanges and projects optimize returns safely in any market conditions

For more information, please visit:

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai's advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

Learn more at: https://www.vara.ae/

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA

Amber Group's Dubai Subsidiary Secures In-Principle Approval for Virtual Asset Service Provider License from Dubai VARA

  • Connects financial institutions to fintech ecosystems across payments, digital assets, and embedded finance through a pre‑integrated partner network including Ripple, Euronet, Splitit, and Aptys Solutions, and ArcOne
  • Helps banks launch and scale new services faster by reducing integration complexity across existing core banking systems
  • CoreIgnite is part of DXC GrowthX, focused on helping customers modernize faster, accelerate innovation, and unlock new growth opportunities through digital transformation
  • ASHBURN, Va., June 3, 2026 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced the launch of DXC CoreIgnite, a cloud‑native revenue orchestration platform designed to give financial institutions a single connection point to fintech ecosystems, orchestrate financial workflows, and activate new revenue opportunities — all while working with existing core systems.

    Built to operate across both DXC's Hogan core banking platform and non‑Hogan environments, DXC CoreIgnite enables banks to modernize incrementally while maximizing existing infrastructure investments. Through pre‑built integrations and real‑time orchestration, CoreIgnite provides direct access to payment networks, digital asset ecosystems, embedded finance capabilities, and a growing partner network including Ripple, Euronet, Splitit, Aptys Solutions, and ArcOne.

    The financial services industry is being reshaped by embedded finance, digital assets, and real‑time payments — creating new opportunities for growth and customer engagement. Yet many institutions remain constrained by fragmented integrations, legacy architectures, and the cost and complexity of modernization. As competition intensifies, DXC CoreIgnite gives banks the ability to quickly connect partners, launch new offerings, and scale innovation with greater speed and flexibility.

    Designed by DXC engineers and powered by decades of banking expertise, CoreIgnite provides a single orchestration layer that helps institutions connect, manage, and scale fintech capabilities without replacing the core systems they rely on every day. Its composable architecture and real‑time execution model reduce integration complexity, accelerate time‑to‑value, and enable banks to introduce new services more efficiently.

    Unlike traditional solutions that require custom integrations across multiple providers, CoreIgnite provides technology enablement and orchestration capabilities to help financial institutions support a broad range of use cases including:

    • Embedded finance
    • Buy Now, Pay Later (BNPL) services
    • Digital assets and stablecoin‑enabled services
    • Payments orchestration across ACH, RTP, FedNow, wire, and card networks

    ASHBURN, Va., June 3, 2026 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced the launch of DXC CoreIgnite, a cloud‑native revenue orchestration platform designed to give financial institutions a single connection point to fintech ecosystems, orchestrate financial workflows, and activate new revenue opportunities — all while working with existing core systems.

    Built to operate across both DXC's Hogan core banking platform and non‑Hogan environments, DXC CoreIgnite enables banks to modernize incrementally while maximizing existing infrastructure investments. Through pre‑built integrations and real‑time orchestration, CoreIgnite provides direct access to payment networks, digital asset ecosystems, embedded finance capabilities, and a growing partner network including Ripple, Euronet, Splitit, Aptys Solutions, and ArcOne.

    The financial services industry is being reshaped by embedded finance, digital assets, and real‑time payments — creating new opportunities for growth and customer engagement. Yet many institutions remain constrained by fragmented integrations, legacy architectures, and the cost and complexity of modernization. As competition intensifies, DXC CoreIgnite gives banks the ability to quickly connect partners, launch new offerings, and scale innovation with greater speed and flexibility.

    Designed by DXC engineers and powered by decades of banking expertise, CoreIgnite provides a single orchestration layer that helps institutions connect, manage, and scale fintech capabilities without replacing the core systems they rely on every day. Its composable architecture and real‑time execution model reduce integration complexity, accelerate time‑to‑value, and enable banks to introduce new services more efficiently.

    Unlike traditional solutions that require custom integrations across multiple providers, CoreIgnite provides technology enablement and orchestration capabilities to help financial institutions support a broad range of use cases including:

    "CoreIgnite provides fintech infrastructure for financial institutions looking to innovate faster, scale more flexibly, and compete more effectively in the digital banking economy. With our secure, composable, API‑first platform, banks can connect new capabilities, orchestrate financial workflows, and activate digital financial services without disrupting the core systems they rely on every day. By decoupling innovation from the core, institutions can reduce integration complexity, move faster, and unlock new revenue opportunities at scale." — Sandeep Bhanote, Global Head and General Manager of GrowthX, DXC Technology

    DXC CoreIgnite streamlines how banks access and scale fintech services, from onboarding and eligibility to payments and partner management. Institutions can add, switch, and expand capabilities as business needs evolve, helping reduce integration complexity and operational overhead while accelerating time to market.

    CoreIgnite builds on the strength of DXC Hogan, the flagship core banking platform that powers more than 300 million deposit accounts and over $5 trillion in deposits worldwide. CoreIgnite is part of DXC GrowthX, DXC's strategic growth business focused on developing industry‑specific software, platforms, and solutions that help customers navigate industry transformation and unlock new sources of growth.

    About DXC Technology

    DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry‑Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates. Learn more at dxc.com.

    MEDIA CONTACT: Ashley Houk‑Temple Media Relations ashley.houktemple@dxc.com

    ** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

    DXC Launches DXC CoreIgnite to Help Financial Institutions Rapidly Connect to and Scale Fintech Ecosystems

    DXC Launches DXC CoreIgnite to Help Financial Institutions Rapidly Connect to and Scale Fintech Ecosystems

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