Flowdesk Secures Full Broker-Dealer License in Dubai

Flowdesk Omega FZE obtains full broker-dealer license from Dubai’s VARA, enabling regulated services for institutional investors. This follows recent EU authorization and aligns with broader industry regulatory expansion.

Woofun AI reports that Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has obtained a full broker-dealer license in Dubai. The license was granted by Dubai's Virtual Assets Regulatory Authority to its local entity, Flowdesk Omega FZE, permitting regulated broker-dealer services for qualified and institutional investors within the emirate.

This approval complements Flowdesk's earlier authorization in France as a Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets framework. The development coincides with wider industry moves, including Wintermute's launch of a US broker-dealer and BitGo's partnership with OTC Markets to support over 150 broker-dealers via OTS Link ATS.