Daman Virtual Pitches Dubai as Tokenisation Hub as Citi, HSBC Expand 

• Daman Virtual co-hosted Dubai’s first Digital Assets Leadership Forum with local regulators.
• Its Daman Crypto platform targets institutions with dirham settlement and UAE banking links.
• Daman faces growing competition as Citi, HSBC and JPMorgan expand digital-asset services.

Daman Virtual, the crypto arm of Dubai brokerage Daman Securities, co-hosted the emirate’s first Digital Assets Leadership Forum with the Department of Economy and Tourism on Monday. 

The event drew regulators and market operators, but no new products, partnerships, or figures were reported. What it does show is how a licensed local broker is trying to position itself as global banks move into the same territory.

Who Daman Is Betting On

Daman Virtual holds a broker-dealer licence from the Virtual Assets Regulatory Authority (VARA) and is wholly owned by Daman Investments. Its Daman Cryp…

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