Payward expands to UAE after securing VARA authorisation

22nd May, 2026

Narayani Srinivasan

Payward, the parent company of crypto exchange Kraken, has been granted preliminary approval for a broker-dealer, investment and management licence from Dubai’s regulator, as part of the company’s broader strategy to expand through regulated local entities instead of offshore operations.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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