Hex Trust, a leading provider of virtual assets custody, staking and markets services, announced launching HT Markets MENA, becoming one of the first firms to facilitate fiat on/off-ramp services in Dubai.
These services, which will be offered through Hex Trust’s institutional-grade platform, will be immediately available for institutional clients and accredited investors with a minimum on-ramp threshold of AED 368,000 (equivalent to $100,000), the company said.
HT Markets MENA brings secure access to crypto-fiat conversions through Hex Trust’s fully licensed, institutional-grade custody platform, enabling investors in Dubai to seamlessly move their cryptocurrencies into fiat currencies, fostering a secure and compliant trading environment, the company said.
Hex Trust, established a Dubai office in June 2022, has been expanding into the region, working closely with the Virtual Assets Regulatory Authority (VARA).
It holds three Virtual Asset Service Provider (VASP) licenses in Dubai, issued by VARA.
“We are one of the first VA broker-dealers in the MENA region to offer an efficient and secure bridge between fiat and virtual assets.
“This unique offering caters to the huge appetite for on/off-ramp services in Dubai and is a significant achievement for HT Markets MENA,” said Filippo Buzzi, Hex Trust’s Regional Director MENA.
“We see enormous potential for virtual asset growth in Dubai given the progressive regulations, welcoming governments, and thriving crypto ecosystem,” he added.
Hex Trust Markets offers safe access to the DeFi ecosystem, where clients can generate yield with native on-chain staking solutions and execute trades.
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