Dubai, UAE, June 22, 2026

Lexim Trading DMCC, a Dubai-based digital gold platform, today announced that it has received In-Principle Approval (IPA) from the Virtual Assets Regulatory Authority of Dubai (VARA) for a Virtual Asset Broker-Dealer Services license.

The IPA marks a significant regulatory milestone for Lexim. It follows an extensive, multi-stage assessment by VARA, whose virtual asset framework is among the most rigorous globally, and reflects the priority Lexim has placed on governance, compliance, and operational rigor from inception.

The approval enables Lexim to complete the final requirements toward full VASP authorization.

Once fully licensed, Lexim intends to provide institutional, qualified, and retail investors with regulated access to digital gold through two tokenized instruments:

• the KBAR digital certificate of gold ownership, representing a specific, individually identified physical gold bar

• the DAU, a fractional and fully fungible digital certificate of gold ownership.

Each digital certificate of gold ownership is backed one-to-one by physical gold held in secure, accredited vaults in Switzerland, with custody of the underlying gold maintained by DuBois Gold AG, a Switzerland-based gold producer and the issuer of the KBAR and DAU instruments, and a member of the FINMA-recognised self-regulatory organisation VQF.

"VARA has built one of the most demanding virtual asset frameworks anywhere, and reaching this stage reflects the strength of the governance and compliance foundation the board has insisted on from the outset. Operating within a rigorous, well-regulated environment is exactly the basis on which we intend to earn investor trust."

— Timothy Charles Sawyer, Chairman

"Receiving VARA's in-principle approval is a defining moment for Lexim. We set out to build digital gold infrastructure to the standard a serious regulatory regime demands, from the ground up rather than as an afterthought, and this milestone moves us toward delivering that to investors under a full licence."

— George Y Irawan, Chief Executive Officer

About Lexim Trading DMCC

Lexim Trading DMCC is a Dubai-based gold company building a platform that will offer institutional, qualified, and retail investors regulated access to physical gold through digital certificate of gold ownership minted on blockchain technology.

The model is full-reserve by design: each digital certificate is backed one-to-one by physical gold held in secure, accredited vaults in Switzerland, with custody of the underlying gold maintained by DuBois Gold AG.

Lexim has received In-Principle Approval from the Virtual Assets Regulatory Authority of Dubai (VARA) for a Virtual Asset Broker-Dealer Services licence and is completing the final requirements toward full VASP authorisation.

For more information, visit lexim.digital.