Dubai’s VARA grants preliminary license approval to French Vancelian

Dubai’s Virtual Asset Regulatory Authority ( VARA) has granted french headquartered fintech company Vancelian, registered in UAE as Automata FZE with an in-principle approval for a management and investment license, lending and borrowing license, advisory services license and crypto broker dealer services license.

Gael Ltier, CEO of Vancelian, has noted on their website that their mission is to shift savings and investment into the finance of tomorrow. The company is using DeFi ( Decentralized Finance) and Blockchain soon to be integrated with AI to offer personalized advice.

The company already has 100 million Euros under management and has paid 7 million Europs in interest.

On their website they noted that they are present in Europe and the UAE.

This regulatory milestone represents an important step in Vancelian’s development and reflects the robustness of its governance framework, the clarity of its long-term strategy, and its commitment to operating within a structured and compliant regulatory environment.

With this In-Principle Approval secured, Vancelian will now advance to the next stage of the regulatory process, with the objective of obtaining full licensing from VARA, which is required before any regulated virtual asset activities may start in the UAE.

On a recent post on their website, Vancelian thanked VARA for its constructive engagement throughout the process, as well as W3C, its regulatory advisors, for their continued support.

They also noted, ” The regulatory milestone represents an important step in Vancelian’s development and reflects the robustness of its governance framework, the clarity of its long-term strategy, and its commitment to operating within a structured and compliant regulatory environment.”

Vancelian will now advance to the next stage of the regulatory process, with the objective of obtaining full licensing from VARA, which is required before any regulated virtual asset activities may start in the UAE.

Additionally the company offers various investment products including a Crypto Basket which is a simple investment solution that allows you to buy, in a single operation, several cryptocurrencies selected for their solidity and market dominance. Rather than manually choosing each asset, the user invests in a predefined set of cryptocurrencies grouped within one basket.

Recently, Vancelian carried out its first real estate project in Bali, and presented a second opportunity in Dubai, leveraging blockchain and crypto assets to open up access to investments.

Vancelian is developing a co-financing in digital assets, enabling investors to participate in projects to acquire or renovate tangible assets, particularly in real estate, while earning a return.

At the time Gaël Itier, CEO and co-founder of Vancelian, emphasised, “Our innovation is based on the possibility of investing without a minimum entry ticket in projects that were previously reserved for large investors. This is a strong promise at a time when the boundary between traditional finance and crypto-assets is blurring. This milestone marks a major step forward for Vancelian, ahead of the launch of fully tokenised offerings, paving the way for a new generation of financial products.”

Bali, a successful first testing ground Vancelian launched its range of Exclusive Offers at the end of the third quarter with the funding of seven luxury villas in Bali. Investors participated in the operation via a Bitcoin-backed cryptocurrency loan, offering them an average fixed return of 10% per annum*, adjusted according to their status within the Privilege programme.

Beyond the return, the innovation lies in the daily payment of interest, allowing customers to benefit from immediate liquidity. Customers are free to use their earnings directly via the Vancelian Visa card or reinvest them in new opportunities.

In Dubai, Vancelian is launching its second project, the Nest-Al Barari, a prestigious villa. The aim is to combine financial innovation, secure returns and rare luxury real estate in the heart of a sought-after destination for property investment.

Updated Dec 23rd 9:47 am