WANTED | UAE Licensed Partner - Wholesale Digital Asset Liquidity JV

Our client holds wholesale liquidity relationships in the UAE achieving extremely competitive spreads on AED to USDT and USD, meaningfully below prevailing market rates.

They are seeking a JV with a licensed UAE partner. The structure works two ways:

1. Their LPs onboard with the partner, immediately improving pricing on the partner's existing flows. Day one margin gain before any new business.

2. The JV services the mid-market segment directly, clients under $250M per month that current pricing shuts out. Our client has roughly $4bn in monthly flow already running through their LP relationships at wholesale level, plus an established client base in this mid-market tier they currently have to hand over to their LPs rather than service themselves. The licensed JV lets them transact with these clients directly and split the economics with the partner.

Ideal partner: VARA licence holder, with dual licensing (Category 1 or 2 payment institution permission) being the perfect setup, as it allows servicing of PSPs and FIs not licensed locally. That said, a lesser licensed entity already processing decent volume could still make this very productive. Existing rails helpful but not required, liquidity comes from the client's side.

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