Hassans advises DA Global on obtaining DLT Provider authorisation from the GFSC.

Hassans is pleased to announce that it has advised DA Global Limited (“DA Global”), a subsidiary of ARQ Group, on obtaining a Part 7 permission under the Financial Services Act 2019 from the Gibraltar Financial Services Commission (“GFSC”), authorising it as a DLT Provider. The permission was confirmed by the GFSC’s authorisation letter dated 15 October 2026.

The permission allows DA Global to use distributed ledger technology for storing or transmitting value belonging to others. Its scope expressly covers virtual asset services for conversion between fiat and stablecoins, stablecoins and stablecoins, and stablecoins and fiat, together with virtual asset custody services in relation to stablecoins.

DA Global’s application, dated 22 December 2025, achieved its Virtual Assets Part 7 permission in record time following a thorough review process. As a Gibraltar authorised DLT Provider, DA Global will be subject to comprehensive regulatory requirements, including the safeguarding and custody of client assets, robust governance arrangements, minimum regulatory capital requirements and ongoing supervisory oversight by the GFSC, including regular regulatory reporting and management information.

 The Hassans FinTech team advising DA Global was led by Partner and Head of FinTech, Anthony Provasoli assisted by Senior Associate Jeremy Requena.

 Alfonso Monroy, DA Global Limited’s Chief Legal Officer, commented:

“We are thrilled to have received our authorisation from the GFSC. This is the result of many months of hard work and preparation, and it positions DA Global to deliver stablecoin conversion and custody services to our clients with the benefit of a robust regulatory framework. We are particularly grateful to the GFSC for the pragmatic manner in which it approached our application, and to the FinTech team at Hassans International Law Firm for their outstanding support throughout the process.”

 The Hon Nigel Feetham KC MP, Minister for Justice, Trade and Industry, said:

“I warmly congratulate DA Global on receiving its authorisation from the Gibraltar Financial Services Commission. Gibraltar was one of the first jurisdictions in the world to introduce a bespoke regulatory framework for distributed ledger technology. The continued interest of firms such as DA Global reflects the strength of our regulatory framework and Gibraltar’s reputation as a jurisdiction that combines robust oversight with a pragmatic approach to innovation. More broadly, stablecoins are becoming an increasingly important feature of the global financial system, presenting both opportunities and challenges for regulators and industry alike. Gibraltar remains committed to supporting innovation while maintaining appropriate standards of regulation and consumer protection. I am pleased that DA Global has chosen Gibraltar as the base for its operations, and I wish the company and the wider ARQ Group every success as they begin this next chapter.”

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