#Dubai #UAE #VARA #Amber Premium

Amber Premium FZE Obtains In-Principle Approval from VARA

Amber International Holding Limited, known for its digital wealth management services under the brand "Amber Premium," has achieved a significant milestone by securing in-principle approval (IPA) from the Virtual Assets Regulatory Authority (VARA) in Dubai. This approval is a crucial step in the process of obtaining full authorization for conducting virtual asset activities in the UAE, underscoring Amber Premium's commitment to adhering to strict regulatory frameworks in the rapidly evolving digital finance landscape.

The IPA represents the final step before Amber Premium can officially launch its virtual asset services in the region, enhancing its global footprint and affirming its dedication to trustworthy and compliant financial management solutions. According to Michael Wu, CEO and Chairman of the Board at Amber Premium, this advancement exemplifies the company's strategy to align its growth with robust governance practices. "VARA's in-principle approval is a milestone in our long-term build. We are deliberate in pacing growth with governance," Wu stated, emphasizing Amber Premium's focus on responsible and transparent business practices.

Regulatory Significance

The receipt of the IPA from VARA not only allows Amber Premium to advance its institutional-grade digital wealth management capabilities within the UAE but also positions it as a reliable partner for ultra-high-net-worth individuals and leading institutions in the region. With sustainable participation as a priority, Amber Premium takes a compliance-first approach, indicating that meeting regulatory requirements is integral to its operational strategy.

The company aims to deliver a broad range of sophisticated digital asset management solutions, including investment opportunities and market access tools tailored for its clients, setting a new standard for excellence in the digital asset space. Wu further noted the importance of this approval in contributing to market integrity, stating, "We look forward to continuing the licensing process with VARA."

Amber's Global Presence

As a subsidiary of Amber Group, a globally recognized leader in digital wealth management, Amber Premium operates under the Nasdaq-listed umbrella of Amber International Holding Limited (Nasdaq: AMBR). This branding reflects a significant role in redefining digital wealth management by offering institutional-grade market access and investment solutions.

The firm's expertise caters to the unique needs of high-net-worth clients, ensuring they receive tailored, private banking-grade services designed to protect and grow their wealth in the ever-evolving digital environment. Amber Premium’s commitment towards developing a robust and transparent platform reinforces its strategic vision as a trusted gateway into the world of digital assets.

The approval from regulatory authorities like VARA is indicative of the broader acceptance and maturation of digital asset management as a legitimate business practice within established financial markets.

Future Outlook

Looking forward, Amber Premium aims to navigate the complexities of the digital asset landscape with a focus on safeguarding client interests and fostering trust among stakeholders. The firm's journey in Dubai, coupled with its planned services, showcases an innovative leap towards integrating modern financial technologies with traditional wealth management approaches.

In conclusion, Amber Premium FZE's recent achievement marks a progressive step in its operational mission while contributing positively to the regulatory environment surrounding virtual assets in Dubai. As the company proceeds with its licensing journey, it is well-positioned to lead the charge in bridging the gap between traditional wealth management and the burgeoning domain of digital assets.