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Traze Earns UAE SCA First Category License in Landmark Achievement

Prime Highlights:

  • Traze is the first recipient of UAE’s SCA First Category License, a regulatory milestone.
  • The milestone is an affirmation of Traze’s commitment to transparency, innovation, and regulatory distinction.

Key Facts:

  • Traze has obtained the UAE Securities and Commodities Authority (SCA) First Category License, CAT-1.
  • The step is Traze’s licensing to provide full capital market services in a safe regulatory regime.

Key Background

Traze, the UAE capital markets technology firm, is now the first UAE company to receive the Securities and Commodities Authority (SCA) First Category (CAT-1) License. This achievement places Traze at the regional forefront of financial regulation and innovation, highlighting its focus on operational transparency, regulatory excellence, and client-focused financial services.

SCA First Category License is the topmost category of license which may be licensed to finance entities in UAE with the goal to enable companies to offer the complete array of capital market services. Services include brokerage, trading, custody, and advisory services in asset classes. To Traze, the issuing of the license itself becomes an issue of indication not merely that it maintains the highest level of doing business, but one of declaring that it is capable enough to bring the UAE to the global scene as a finance hub.

Besides its successful regulation, Traze has also invested tremendous focus towards developing a next-generation platform that provides safe and effective trading for retail traders along with institutional traders. Traze leverages the use of AI-driven risk models, industry-best data analytics, and automation for compliance through tech to provide open and safe market access. It does this fully in tune with the general digitization and modernization of the UAE financial world.

With the SCA license, Traze is well-placed to further develop its products, enhance investor confidence, and drive the vision of the UAE towards a diversified and innovation-led economy. Through regulatory innovations, Traze not only raises market standards but also states its long-term vision for establishing trust and facilitating greater participation in the capital markets. The achievement is a milestone of regional financial stewardship and leadership to a next generation in the fintech industry.