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According to TechFlow news on April 28, as reported by Crowdfundinsider, digital asset infrastructure provider BitGo announced that its Dubai subsidiary BitGo Custody MENA FZE has obtained a virtual asset service provider (VASP) operating license issued by the Dubai Virtual Assets Regulatory Authority (VARA), allowing it to provide virtual asset custody and stake services. This license enables BitGo to offer cold storage custody services for institutions and accredited investors in the UAE. Previously, BitGo received preliminary approval in January 2025. BitGo currently has a total staked asset value of $48 billion.