Virtual Assets Custody Services
For your Shuraa activity review, use code 6920-011 to identify Virtual Assets Custody Services within DWTC Free Zone. Compare the supplied record with the work your company intends to undertake.
Activity code 6920-011
Listed activity name: Virtual Assets Custody Services
- Activity code
- 6920-011
- Jurisdiction
- DWTC Free Zone
- Licence type
- Virtual Assets
- Group code
- 6920
Activity description
Includes firms engaged in safekeeping Virtual Assets for, or on behalf of, another Entity and acting only on verified instructions from on behalf of such Entity and All VASPs shall be subject to Rules regarding the storage and custody of clients’ Virtual Assets. Only VASPs which segregate each client’s assets in separate VA Wallets will qualify for a Custody Services Licence.
Additional requirements
Virtual Assets Regulatory Authority (VARA)
Authority reference: DWTC activities and licences. Confirm the latest scope and requirements with the authority.
Scope checks for your Shuraa consultation
- Write down the exact work your business will carry out and compare it with the supplied description above.
- Identify any parts of your operation that the description does not clearly address.
- Keep any approval notes with this activity code and ask which requirements apply before submitting an application.
Plan your next step with Shuraa
Bring this activity code to your Shuraa consultation to discuss the intended scope of work, jurisdiction choice and application requirements.
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