The Securities and Commodities Authority (SCA) in the UAE has given its first license to Emirates Coin Investment LLC (EmCoin) to offer fully regulated Virtual Asset services in the region. With the license in place, EmCoin can now aim to provide a cutting-edge investment platform that brings together digital assets and traditional finance all within a single, seamless mobile experience.
According to a press release by the company, users will soon be able to trade Virtual Assets, whether they choose to invest in cryptos, global equities, buy or sell commodities, or even manage their portfolio, they can access it through the EmCoin platform. The company eliminates the complexity of fragmented platforms and unregulated providers.
Yasin Arafat, Chief Operating Officer of EmCoin, was delighted to get the approval, stating that this will help bridge the gap between old and new finance. “We’re building a secure bridge between old and new finance. Thanks to the SCA’s vision, EmCoin gives everyday investors the tools to take control of their financial future with clarity, compliance, and confidence. The future of finance is tokenized, decentralised, and inclusive, and EmCoin is leading that charge,” he added.
The UAE-based digital asset company aims to build a financial app that is transparent and built on the foundation of strong regulation. They will be working closely with the SCA to introduce regulated Initial Coin Offerings (ICOs), which will unlock innovative new ways for businesses to raise capital and for investors to participate in previously inaccessible opportunities.
The move marks a milestone for the UAE and its financial journey, which is working towards a smarter, safer, and more inclusive era for investors of all levels. It also reinforces the UAE’s position as a forward-looking global hub for digital finance.