← Embedded Finance Index 2026

BitOasis

“Can BitOasis become the dominant regulated crypto broker-dealer infrastructure in MENA by combining VARA licensing with deep GCC fiat-rail integration?”

Founded2015
HQDubai, United Arab Emirates
Total raised$30M
IndustryFintech / Crypto
The story

Founded in 2015 as the MENA region's pioneering retail cryptocurrency exchange, BitOasis established itself as the dominant fiat-to-crypto on-ramp for GCC users trading AED, SAR, and other local currencies. The company navigated a complex regulatory environment, earning one of the first VARA Provisional Approvals in 2022 and subsequently becoming the first Broker-Dealer to receive VARA's full MVP Operational License in 2024. BitOasis has since been acquired by Neblio Technologies, operating as a regulated subsidiary focused on both retail and institutional crypto trading with broker-dealer infrastructure.

Last 12 months
2026-04
2026-05
Product timeline
2015
BitOasis founded in the UAE as a cryptocurrency exchange for retail users in the GCC region.· pivot
2022
Received Provisional Approval from Dubai's newly formed Virtual Assets Regulatory Authority (VARA), among the first to do so.· banking
2024
BitOasis became the first Broker-Dealer to secure VARA MVP Operational License (VASP Reference: VL/2024/11/001), authorizing broker-dealer services to qualified retail and institutional investors in Dubai.· banking
2024
Acquired by / merged into Neblio Technologies, transitioning from VC-backed independent company to operating subsidiary.· acquisition
Regulated entities
1
regulatory licence held by BitOasis
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in BitOasis’s embedded-finance stack
Money movement
WireSWIFT
Accounting gap: none