CFI Financial Group officially moving into virtual assets space with VARA in principle approval

CFI Financial Group (CFI), an online trading services, officially announced that it had received its CFIX Virtual Assets Broker and Dealer Services in principal approval in Dubai with VARA ( Virtual Assets Regulatory Authority) for crypto broker dealer offering.

Lara on the Block had previously covered this in October when VARA put CFI on the list of in principle approved VASPs.

As per CFI Financial Group, this is an important step in their expansion into virtual assets, or crypto and is part of their broader growth strategy.

Already CFI has secured regulatory authorization in Brazil and launched in Colombia, following its entry into Bahrain. This expansion reflects a consistent approach: establishing a regulated presence, building local capabilities and investing for the long term.

Established as a separate legal entity, CFIX is being developed with its own governance structure, dedicated operational infrastructure and a clear focus on building a credible, sustainable business in virtual assets.

Ziad Melhem, CEO of CFI Financial Group, noted, that the virtual asset industry has spent the past decade proving its technology and the next decade will be about proving its standards.

He adds, “The UAE is where much of that future is being shaped, and Dubai’s regulatory environment provides a strong foundation for the industry’s next phase. For CFI, CFIX is a natural extension of the financial ecosystem we are building, bringing our experience in regulated markets into a new and evolving sector. Receiving VARA’s In-Principle Approval is an important milestone, and reflects the progress made in establishing CFIX. Our focus now is on completing the remaining licensing requirements and building a business designed for the long term.”