Relm licensed by Dubai’s VARA 02 April 2026UAE Reporter: Matthew Challis
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XBASE Virtual Assets Broker & Dealer Services, a licensed UAE-based virtual asset service provider operating as Relm, has received its full Virtual Asset Service Provider (VASP) licence from Dubai’s Virtual Assets Regulatory Authority (VARA).
The licensing follows the firm’s prior In-Principle Approval, and means it met the regulatory, governance, risk, and operational requirements under VARA’s framework.
Relm will now be able to onboard clients and begin its regulated operations in Dubai.
The company’s offering will focus on OTC crypto trading, broker-dealer services, and enterprise-grade digital asset execution for clients seeking compliant exposure to digital assets and crypto-native liquidity.
Commenting on the licensing, Zeeshan Uppal, CEO at Relm UAE, says: “Receiving our full VARA VASP license is a major milestone for Relm and a clear validation of our compliance-first approach.
“This licence allows Relm to support enterprises, corporations, funds, and family offices with secure, transparent, and institution-grade access to digital asset markets, without regulatory uncertainty.”
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