24.06.2025 19:49
Dubai has taken a significant step in legitimizing the cryptocurrency investment landscape by issuing its first-ever license to a crypto investment advisor. This landmark decision establishes a regulated pathway for institutional investors to participate in the digital asset market within the Emirate.
GAP 3 Partners (G3), a firm specializing in token strategy, licensing, treasury management, and the tokenization of real-world assets, received a full operational license from the Virtual Assets Regulatory Authority (VARA) on June 23rd. This full license, publicly verifiable on VARA's registry, signifies complete regulatory compliance, setting G3 apart from companies operating under conditional approvals.
The firm's leadership comprises seasoned professionals; Robin Janaway from Outlier Ventures, Chris Donovan of the NEAR Foundation, and blockchain expert Adib Tohme. Their collective expertise enables G3 to provide high-level advisory services tailored to institutional clients and family offices, guiding them through complex aspects of virtual asset strategy and execution. This institutional-grade approach focuses on navigating the intricacies of token markets, licensing requirements, and treasury management.
G3's full VARA license is a testament to Dubai's rigorous regulatory standards. VARA only grants full Virtual Asset Service Provider (VASP) licenses upon fulfillment of all regulatory prerequisites. Unlike firms with only In-Principle Approvals (IPAs), which restrict operational activity, G3's license allows it to offer a complete suite of regulated investment advisory services. The transparency afforded by the public registry strengthens client protection and builds confidence in Dubai's evolving virtual asset regulatory framework.
In a statement, G3's founders expressed their enthusiasm, citing Dubai's progressive regulatory environment and the burgeoning institutional interest in digital assets as key drivers of growth. They aim to establish G3 as the leading virtual asset advisory firm in the region, leveraging this pioneering license to support businesses seeking compliant entry into the digital asset ecosystem.
