Self-custodial wallet Okto received its license under RAK DAO, an economic free zone dedicated to virtual assets.
Okto, the self-custodial wallet of the Indian crypto exchange CoinDCX, officially received its license from the Ras Al Khaimah Digital Assets Oasis (RAK DAO) in the United Arab Emirates.
On Aug. 27, Okto announced that it secured an operational license from RAK DAO. This allows the Web3 wallet to legally operate in the UAE. The project claimed it’s the first Web3 wallet to secure the license in the country’s dedicated free zone for digital assets.
Okto is a multichain decentralized finance (DeFi) wallet fully owned by a subsidiary of DCX Global, a Mauritius-based group holding company incorporated in July 2023. The platform offers a keyless, self-custody wallet for managing digital assets.
