Dubai’s Virtual Asset Regulatory Authority (VARA) has granted a French-headquartered fintech company, Vancelian, registered in the UAE as Automata FZE, with an in-principle approval for a management and investment license, a lending and borrowing license, an advisory services license, and a crypto broker-dealer services license.
Gaël Itier, CEO of Vancelian, has noted on their website that their mission is to shift savings and investment into the finance of tomorrow. The company is using DeFi (decentralized finance) and Blockchain, soon to be integrated with AI, to offer personalized advice.
The company already has 100 million Euros under management and has paid 7 million Euros in interest. On their website, they noted that they are present in Europe and the UAE.
Vancelian offers crypto basket investing and real estate financing
Additionally, the company offers various investment products, including a Crypto Basket, which is a simple investment solution that allows you to buy, in a single operation, several cryptocurrencies selected for their solidity and market dominance. Rather than manually choosing each asset, the user invests in a predefined set of cryptocurrencies grouped within one basket.
Recently, Vancelian carried out an investment round in its first real estate project in Bali, and presented a second opportunity in Dubai, leveraging blockchain and crypto assets to open up access to investments.
The company is offering co-financing in digital assets, enabling investors to participate in projects that acquire or renovate tangible assets, particularly in real estate, while earning a return.
At the time, Gaël Itier, CEO and co-founder of Vancelian, emphasised, “Our innovation is based on the possibility of investing without a minimum entry ticket in projects that were previously reserved for large investors. This is a strong promise at a time when the boundary between traditional finance and crypto-assets is blurring. This milestone marks a major step forward for Vancelian, ahead of the launch of fully tokenised offerings, paving the way for a new generation of financial products.”
Bali, a successful first testing ground, Vancelian launched its range of Exclusive Offers at the end of the third quarter, with the funding of seven luxury villas in Bali. Investors participated in the operation via a Bitcoin-backed cryptocurrency loan, offering them an average fixed return of 10% per annum, adjusted according to their status within the Privilege programme.
The offering also provides daily payment of interest, allowing immediate liquidity. Customers are free to use their earnings directly via the Vancelian Visa card or reinvest them in new opportunities.
In Dubai, Vancelian is launching its second project, the Nest-Al Barari, a prestigious villa. The aim is to combine financial innovation, secure returns, and rare luxury real estate in the heart of a sought-after destination for property investment.