AYA is a climate-focused launchpad that supports innovations around sustainability — such as reforestation, nature credits, mangrove conservation, and sustainable agriculture.
Dubai’s Virtual Assets Regulatory Authority (VARA) granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services.
On Dec. 11, the Dubai arm of Web3 launchpad and advisory firm Enjinstarter received a crypto license subject to fulfilling certain conditions before the commencement of services. After meeting all the requirements of the Dubai regulator VARA, the platform will be subject to regulatory re-verification and approval. The announcement read:
Enjinstarter has not yet responded to Cointelegraph’s request for comments about the outstanding regulatory prerequisites. However, in the official announcement, Prakash Somosundram, the co-founder and CEO of Enjinstarter and AYA Foundation, shared the company’s willingness to comply with the process laid out by VARA.
