A notable firm in the financial services sector has received authorization from the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC). This development allows the entity’s subsidiary, B2B Prime Services MENA Limited, to function effectively as an institutional broker and multi-asset liquidity provider, with the license becoming effective on August 15, 2025.
Having already established a significant presence in Dubai, the decision to obtain this license marks an essential milestone in the firm’s strategy to enhance its offerings in the Middle East and North Africa (MENA) region. The new license allows the firm to act as both an agent and a principal in investment dealings and to manage client assets under a regulatory framework renowned for its reliability and integrity.
As part of its growth strategy, the firm highlighted the critical importance of selecting the right jurisdiction for its operations. The DIFC is acknowledged globally as a prominent financial hub, standing as a testament to a stable and world-class institutional environment. Notably ranked 12th worldwide, it provides an advantageous common-law framework that ensures effective oversight and compliance. The DIFC is home to English-language courts that have established a reputation for their predictability and contract enforcement, which is vital for building trust among institutional clients.
The standards set by the DFSA align with international best practices, emphasizing the importance of sound governance and regulations. As a signatory to IOSCO’s Multilateral Memorandum of Understanding and active participation in global organizations, the DFSA promotes a regulatory framework that is both trusted and recognized by stakeholders across the globe.
Representatives from the firm emphasized the importance of offering clarity, trust, and scalability to institutional clients. The DFSA authorization provides them with a solid governance structure and accountable controls. Consequently, the entity can focus on delivering essential elements such as deep liquidity, efficient integrations, and accelerated time-to-market across the MENA region.
With the new authorization, the firm plans to cater to a diverse clientele that includes banks, regulated financial institutions, asset managers, hedge funds, and other professional parties across the Gulf and MENA region. They are committed to implementing stringent measures regarding client asset management, including complete segregation, daily reconciliations, and independent audits, ensuring the utmost protection and assurance for their clients. Furthermore, their execution framework emphasizes providing transparent pricing and superior execution quality.
In conclusion, the recent DFSA authorization stands as a significant endorsement of the firm’s strategic vision in the Gulf region. This development not only reinforces their operational capabilities but also enhances trust among counterparties by offering a robust governance structure and unwavering legal protection for client assets. The institution aims to establish itself as a leading player in the MENA financial landscape, providing top-notch services characterized by reliability and transparency.