Roma secures Virtual Assets Service Provider License from Dubai VARA

Dubai,
United
Arab
Emirates
–

Roma
(www.roma.global),
has
obtained
an
operational
Virtual
Asset
Service
Provider
license
by
Dubai’s
Virtual
Assets
Regulatory
Authority
(VARA).
This
allows
Roma
to
offer
regulated
broker-dealer
services
in
virtual
assets,
serving
customers
with
digital
asset
on-ramp/off-ramp,
brokerage
and
OTC
services.

Founded
by
Amit
Jain,
a
former
Managing
Director
at
Sequoia
Capital,
Roma
secured
a
$22
million
seed
funding
round
in
2022.
The
round
was
led
by
Sequoia
Capital
India
with
participation
from
several
global
company
CEOs
as
angel
investors
–
towards
a
mission
of
building
the
financial
infrastructure
of
the
future,
one
where
tokenization
and
digital
assets
are
an
integral
component.

Roma
already
operates
globally
with
licenses
in
Europe
and
Canada,
and
serves
enterprises,
financial
institutions,
funds
and
family
offices,
marketplaces
and
leading
Web3
chains
and
exchanges.
With
the
issuing
of
this
license,
Roma
is
set
to
launch
support
for
AED
local
rails
on-ramps
and
off-ramps,
and
support
customers
in
the
region.

Commenting
on
securing
the
license,
Roma
founder
Amit
Jain
said:
“We
are
delighted
to
receive
the
VARA
license.
It
has
been
an
absolute
pleasure
working
with
VARA
in
this
journey,
and
we’re
looking
forward
to
working
closely
with
their
team
to
shape
the
future
of
financial
infrastructure
globally”.

He
added
“This
is
a
significant
milestone
for
Roma
in
our
mission
towards
bridging
the
gap
between
fiat
and
digital
assets
across
the
globe,
with
the
absolute
highest
standards
of
regulatory
compliance.
We
are
excited
to
partner
with
customers
in
the
region,
as
MENA
continues
to
rapidly
become
a
hub
for
digital
innovation
globally”.

For
more
details
about
Roma
(operating
under
Varni
Labs
FZE)
and
their
offerings,
visit
www.roma.globalwww.roma.global”>

www.roma.global

or
follow
them
on
LinkedInLinkedIn”>

LinkedIn

and
TwitterTwitter”>

Twitter.

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.

For
more
information
visit:
www.vara.aewww.vara.ae”>

www.vara.ae