Coinbase-backed Flowdesk secures full broker-dealer license in Dubai
Summary
Flowdesk, a crypto market maker backed by Coinbase Ventures and BlackRock, has obtained a full broker-dealer license in Dubai through its local entity, Flowdesk Omega FZE. The approval from Dubai’s Virtual Assets Regulatory Authority lets it offer regulated broker-dealer services to qualified and institutional investors in and from Dubai, strengthening its institutional crypto business in the emirate. The license adds to Flowdesk’s regulatory expansion after it received authorization in France as a Crypto-Asset Service Provider under the EU’s MiCA framework. The move reflects the growing role of broker-dealers in crypto by connecting traditional finance and digital assets while supporting liquidity, custody, and compliance.
