Caladan's Dubai Unit Wins In-Principle VARA Approval for Broker-Dealer Services
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DUBAI – October 05, 2026 -- Caladan's Dubai entity, CLDN Broker Dealer FZE, has secured In-Principle Approval (IPA) from Dubai's Virtual Assets Regulatory Authority (VARA) for Broker-Dealer Services, under reference IPA/26/09/004, dated September 15, 2026.
VARA grants preliminary clearance, not a full license
The approval allows Caladan to proceed toward a full VARA license but does not yet authorize the firm to provide broker-dealer services in or from Dubai. Once licensed, CLDN Broker Dealer FZE will serve institutional clients exclusively, with no retail client access permitted.