License Type: VASP License
Reference: VL/26/04/001
Licenced activities: Broker Dealer Services
License issued : 16/04/2025
Address:
14th Floor, Sheikh Rashid Tower, Dubai World Trade Center, Dubai, United Arab Emirates
Daman Virtual Asset Brokerage L.L.C. (”Daman Virtual”) provides you with this Guide regarding our activities and services. To help you determine whether to use our services, this guide provides a high level overview on our overarching policies in compliance with Virtual Asset Regulatory Authority broker/dealer licence.
At Daman Virtual, we select our business partners with industry-standard due diligence and ensure that they employ robust security protocols and cutting-edge technologies to secure and safeguard the assets held on behalf of our clients in segregated accounts designated as client money/assets. These measures are designed to mitigate risks associated with unauthorised access, fraud, and other potential threats.
Daman Virtual has created a framework which ensures that an individual’s Personal Data is treated fairly and in a transparent manner when it is stored, processed, or destroyed, while complying with applicable data protection and data privacy requirements in all relevant jurisdictions.
At Daman Virtual, we are committed to fostering a culture of transparency, ethical conduct, and accountability in everything we do. Conflict of interest arises when personal, financial, or external interests have the potential to influence, or appear to influence, the impartiality of decisions made on behalf of Daman Virtual. Such conflicts can undermine trust, compromise ethical standards, and impact the credibility of our work.
At Daman Virtual, we are dedicated to fostering a culture of accountability, integrity, and ethical behavior in all aspects of our operations. This whistleblowing policy ensures that individuals can report concerns about misconduct or unethical practices confidently, knowing they will be taken seriously and handled appropriately without fear of retaliation.
Daman Virtual is committed to maintaining the highest standards of professionalism and integrity in its business operations. We understand that, at times, concerns or issues may arise, and we want to assure you that your feedback is valued and taken seriously. Our Complaints Handling Procedure ensures issues are investigated fairly, objectively, and promptly, keeping trust and satisfaction our top priority.
At Daman Virtual, safeguarding client virtual assets is a fundamental priority. As a regulated entity under the Virtual Assets Regulatory Authority (VARA), we are committed to implementing robust measures to ensure the safety, security, and transparency of client assets.
Virtual assets offer innovative opportunities, but they come with inherent risks that clients must fully understand. These risks can affect the value, liquidity, security, and transferability of virtual assets, potentially leading to significant financial losses. At Daman Virtual, we are committed to ensuring transparency by highlighting these key risks to help you make informed decisions.
Daman Virtual Asset Brokerage L.L.C (“DV”) is a licensed Virtual Asset Service Provider (VASP), authorised and regulated by the Dubai Virtual Assets Regulatory Authority (VARA) to operate as a Broker-Dealer.
As a VARA-regulated entity, DV is permitted to provide the following services under its Broker-Dealer licence:
| (a) | arranging orders for the purchase and sale of Virtual Assets between two Entities; |
|---|---|
| (b) | soliciting or accepting orders for Virtual Assets and accepting fiat currency, or other Virtual Assets, for such orders; |
| (c) | facilitating the matching of transactions in Virtual Assets between buyers and sellers; |
| (d) | entering into Virtual Asset transactions as a dealer on behalf of the Entity for its own account; |
| Symbol | Asset Name | Date of Issuance |
|---|---|---|
 | Bitcoin (BTC) | January 2009 |
 | Ethereum (ETH) | July 2015 |
 | USD Coin (USDC) | September 2018 |
 | Tether (USDT) | October 2014 |
 | XRP (XRP) | June 2012 |
 | Solana (SOL) | March 2020 |
 | Sui (SUI) | May 2023 |
Comprehensive trading activity and performance data can be viewed for each Virtual Asset offered on our platform through Coingecko, an independent and widely used reference site for digital asset data.