VARA Custody License Dubai - Digital Asset Custodian Requirements

Overview

VARA custody licenses authorize firms to safeguard digital assets on behalf of clients, requiring robust security infrastructure and insurance coverage.

Key Requirements

• Cold storage infrastructure with multi-signature controls
• Insurance coverage for digital assets under custody
• Segregation of client assets from proprietary assets
• Business continuity and disaster recovery plans

Capital Requirements

Minimum capital ranges from AED 750,000 to AED 3,000,000 based on custody volume and asset types.