Flowdesk receives license in UAE as crypto brokerage firm

Dubai entity Flowdesk Omega FZE, an entity of Flowdesk, a liquidity provider and virtual asset trading technology firm, has received a crypto brokerage dealer license from Dubai’s Virtual Asset Regulatory Authority (VARA).

As per the announcement, Flowdesk in UAE will be able to offer digital asset or crypto broker dealer services to qualified and institutional investors in and from Dubai. This follows the in principle approval in June 2026.

Guilhem Chaumont, Co Founder and CEO of Flowdesk Group noted that the license from VARA Dubai is a defining milestone for the company and a reflection of the investment made in governance, compliance, risk management and institutional grade market infrastructure.

He stated, “VARA has built one of the world’s clearest and most ambitious frameworks for virtual assets, and this license allows us to bring that same rigor to how we serve institutional and qualified clients in the region. The UAE has become central to our own growth as one of the world’s most important virtual asset markets. We’re proud to now operate as a fully regulated broker-dealer in Dubai, and we look forward to our continued partnership with VARA as the market matures.”

Flowdesk has over 200 employees globally and is backed by BlackRock, Cathay Innovation and Coinbase ventures. In March 2025, Flowdesk raised $102 million in investments noting at the time that this would be used for its expansion plans and the opening of offices in UAE.

It is now regulated not only in Dubai UAE but also in Europe with a Crypto-Asset Service Provider (CASP) by l’Autorité des Marchés Financiers (AMF) in France under MiCA.