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A launchpad for global ambitions
WadzPay “bridges the gap between fiat currencies and virtual assets,” according to Anish Jain, founder and CEO.
Its blockchain-based platform powers a range of applications, from digital currency wallets to token-based loyalty programs and fractional ownership of real-world assets.
Founded in Singapore, the company opened its Dubai offices in 2022. With bases across the globe, Jain says a main attraction of the emirate was its “supportive regulatory environment.”
WadzPay holds a Virtual Asset Services Provider (VASP) licence from Dubai’s Virtual Asset Regulatory Authority (VARA) – the world’s first virtual asset-specific regulator. Jain describes the licence – issuance of which is subject to meeting pre-operating requirements and qualifications – as a “pivotal advancement for WadzPay… enhancing trust and credibility among stakeholders.”
But Jain also views Dubai as “a launchpad for global ambition,” acting as both a gateway between east and west, and into “the emerging MENASA markets (Middle East, North Africa, and South Asia).”
Even for a digital business, Jain credits the emirate’s strategic location and “world-class airports, ports, and logistics infrastructure” for offering “connectivity and market reach.
“Dubai serves as a launchpad for broader global ambitions.”
— Anish Jain, Founder and CEO of WadzPay
Read the full CNN article here