- Sui and VARA Dubai partner to support startups and expand the virtual asset ecosystem.
- The alliance will provide licensing guidance, workshops, and co-develop educational programs.
- Both entities will share data and collaborate on research to guide future crypto policy in Dubai.
Sui, a Layer-1 blockchain, has entered a formal partnership with Dubai’s Virtual Assets Regulatory Authority (VARA). The collaboration aims to grow the region’s virtual asset space by supporting startups and developing local talent. Sui announced the agreement through its official X account, calling it “big news from the Middle East.”
The partnership is led by SuiHub MENA, backed by the Sui Foundation. It aligns with VARA’s goal to make Dubai a global virtual asset hub. VARA was launched in 2022 to regulate and supervise virtual assets across the Emirate.
SuiHub MENA and VARA will launch initiatives to help blockchain startups operate within Dubai’s legal framework. These efforts include advisory sessions, startup guidance, and licensing education. Both sides will host workshops and share regulatory materials with new blockchain companies.
The collaboration includes supporting SuiHub MENA’s innovation center in Dubai. VARA will engage with government entities through roundtables and help expand blockchain awareness. SuiHub MENA will also connect local projects with regulators to improve communication and growth.
As part of the agreement, the parties will explore research programs tailored to market needs. They will also create technical training programs that align with Dubai’s evolving crypto regulations. These initiatives aim to raise the standard of technical knowledge in the region.
SuiHub MENA will contribute to policymaking by sharing insights from ecosystem projects. The group will also take part in co-authoring research papers with VARA to track industry development. They plan to use anonymized data to study the sector’s impact on investment and job creation.
Related: Ripple Stablecoin RLUSD Approved for Use in Dubai’s DIFC
This partnership supports VARA’s broader plan to grow responsible innovation in virtual assets. Both entities seek to build a regulatory framework that supports long-term success for the digital economy. SuiHub MENA emphasized the importance of strong cooperation between founders and regulators.
Kristof Lukovich, CEO of SuiHub MENA, said the deal helps shape global standards for innovation and growth. He noted that collaboration ensures builders receive proper support and guidance in a regulated space.
The partnership between Sui and VARA might help bring more international blockchain firms to Dubai. Through shared learning, policy contributions, and assistance to startups, the region may improve its standing among global leaders in Web3. This move reflects growing cooperation between private blockchain companies and public institutions in building the future of crypto regulation.
