Readen Holding Corporation has acquired Dubai-based Proxima Trading F.Z.E. to secure a VARA license for entry into the Real-World Assets tokenization market.

Information on the Target

Readen Holding Corporation (OTCID: RHCO) is a venture capital firm specializing in Fintech, Digital Payments, and E-commerce. The company recently announced the acquisition of Proxima Trading F.Z.E., an IT consulting company based in Dubai. This acquisition is strategic as it will enable RHCO to obtain a license from the Dubai Virtual Assets Regulatory Authority (VARA), paving the way for the company's entry into the Real-World Assets (RWA) tokenization market, with a primary focus on Europe, the United Kingdom, the United Arab Emirates, and Georgia.

Proxima Trading F.Z.E. possesses significant expertise in IT consulting and systems integration, making it an ideal partner for RHCO. The VARA license that RHCO will gain through this acquisition empowers the company to operate within Dubai's progressive regulatory framework. This license is crucial for RHCO’s endeavors in tokenization and virtual asset-related activities, providing a legal and regulatory foundation for its future growth.

Industry Overview in Dubai

The fintech landscape in Dubai is characterized by a strong emphasis on blockchain technology and digital assets. The Dubai government has actively promoted an ecosystem that supports innovation in financial services, further enhanced by reg