Klickl Obtains Financial Services Permission in Abu Dhabi to Enhance Web3 Offerings for SMEs

Klickl is pleased to announce its recent acquisition of a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

This milestone not only enhances Klickl’s ability “to offer both custody and brokerage services for virtual assets as a principal or agent but also marks a significant step in its strategy to bridge regional expertise with global Web3 market demands.”

Since its inception, Klickl has emerged as a key player focused on Web3 financial services within the Middle East, “committed to global standards and the growth of a sustainable cryptocurrency ecosystem.”

With this new permission, Klickl is set to “expand its innovative financial solutions, particularly through its Digibox products as DeFin (Decentralized Financial Infrastructure Network), to small and medium-sized enterprises (SMEs) globally, providing them with unparalleled competitive advantages in the evolving Web3 landscape.”

Michael Zhao, CEO of Klickl, stated:

“Abu Dhabi is at the forefront of financial innovation, and our integration into the UAE’s regulated cryptocurrency landscape is a testament to our robust strategy. We are grateful for the FSRA’s endorsement, which propels us forward in our mission to reshape financial infrastructures worldwide.”

Arvind Ramamurthy, Chief of Market Development at ADGM said:

“We extend our congratulations to Klickl on receiving an FSP from the FSRA of ADGM, enabling them access to ADGM’s virtual assets framework and infrastructure for broader regional service expansion. This milestone introduces Klickl to ADGM’s dynamic cryptocurrency community, opening doors to opportunities to reach institutional investors and market users that align with their business objectives. ADGM stands as the region’s premier and innovation-driven international financial center, and we look forward to Klickl’s growth in Abu Dhabi and beyond.”

With a strong regional footprint and a vision for global impact, Klickl is also pleased “to launch further initiatives in the coming months to broaden its suite of digital financial services.”

Looking ahead, Zhao shared his vision for the company’s future:

“Klickl is eager to develop further innovative products and services within the regulatory framework, creating a seamless bridge between digital and traditional financial sectors. Our goal is to provide universal access to the cryptocurrency world, supporting not only Abu Dhabi’s ambition to become a premier global digital asset financial hub but also empowering SMEs worldwide with cutting-edge financial tools.”

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