Tagged: adgm

Alternative Investments: AXA IM Alts Expands Operations with New Middle East Location

AXA IM Alts, a global firm focused on alternative investments with $200 billion (€184 billion) of assets under management, has expanded its global network with the opening of its first office in the Middle East. AXA IM Alts has been granted its financial services permission… Read More

Laser Digital Obtains Permission from ADGM’s Financial Services Regulatory Authority to Provide Services Focused on Digital Assets

Laser Digital has reportedly received Financial Services Permission from ADGM’s Financial Services Regulatory Authority to provide services in both traditional and digital assets. Laser Digital (AD) Limited, is pleased to announce that the Financial Services Regulatory Authority of Abu Dhabi has “approved the issuance of… Read More

Financial Services Regulatory Authority of ADGM and Bermuda Monetary Authority Sign Digital Assets focused MoU

The Financial Services Regulatory Authority (FSRA) of ADGM and the Bermuda Monetary Authority (BMA) have recently announced the signing of a joint Digital Assets Memorandum of Understanding (MoU). The MoU creates a framework “enabling the collaboration between the BMA and the FSRA to support the… Read More

ADGM Releases Consultation Paper on Revamp of Real Property Regulations

Abu Dhabi Global Market (ADGM), the International Financial Centre of the UAE’s capital, has released a Consultation Paper in order to seek views on its proposals on the comprehensive revamp of its real property regulatory framework. This regulatory revamp addresses market needs and “ensures we… Read More

Blockdaemon Announces Business Expansion into Abu Dhabi

Blockdaemon officially announces expansion into the United Arab Emirates (UAE), with a new office and corporate entity established in Abu Dhabi under the Registration Authority of Abu Dhabi Global Market (ADGM). With this expansion, Blockdaemon will now “offer institutional-grade node and validator infrastructure solutions, and… Read More

Markets Infrastructure Provider Symphony Expands Operations in the Middle East

Symphony – the markets infrastructure and technology platform – is expanding its global footprint by establishing a commercial office in the Middle East. The new office will be located in Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, “underlining Symphony’s… Read More

UAE’s Web3 VC Firm Klumi Ventures Now Regulated by Financial Services Regulatory Authority of ADGM

Klumi Ventures announces its achievement as the United Arab Emirates’ Web3 venture capital firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This event heralds a new era of innovation and investment opportunities in the region’s digital asset ecosystem,… Read More

Abu Dhabi Global Market and Hacken to Enhance Blockchain Security and Compliance

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE’s capital, and Hacken, a global enabler of blockchain security auditing, have signed a Memorandum of Understanding (MoU) to set new benchmarks for blockchain security and compliance. This partnership reflects a synergy “between a… Read More

Web3, DeFi and Blockchain Focused Varys Capital Ventures Set to Launch in ADGM

Varys Capital has partnered with FundRock Investment Management Services (ME) Ltd, a fund management company, licensed by the FSRA, to manage a feeder fund, Varys Capital Ventures (CEIC) Limited in the Abu Dhabi Global Market (ADGM). The feeder fund will invest its assets into a… Read More

Global Fintech Tuum to Expand Middle East Presence with ADGM Abu Dhabi Headquarters

Tuum, a core banking provider, announces its strategic expansion into the Middle East market and the creation of a regional headquarters at ADGM in Abu Dhabi. The move to expand into the Middle East “follows Tuum’s recent Series B funding round led by CommerzVentures, with… Read More

UAE’s Financial Services Regulatory Authority Makes Revisions to Anti-Money Laundering and Sanctions Rules and Guidance

The Financial Services Regulatory Authority (FSRA) has announced revisions to its Anti-Money Laundering and Sanctions Rules and Guidance (the AML Rulebook). The FSRA has made revisions that “clarify the requirements that previously appeared in the AML Rulebook, reflecting the federal regulatory framework the UAE has… Read More

Coinbase Announces Project Diamond, a Platform for Institutions to Transact with Regulated Digital Assets, Starts with Debt

Today, less than 0.25% of total global assets are “represented on blockchain infrastructure, leaving massive efficiency gains uncaptured,” according to an update from Coinbase (NASDAQ:COIN). Coinbase says that its goal is “to close this gap by enabling institutional use of next-generation financial technology.” Project Diamond… Read More

Copper Acquires Digital Asset Brokerage Firm Securrency Capital Ltd

Copper, an institutional digital asset infrastructure provider, has acquired Securrency Capital Limited, a full-service, regulated blockchain-enabled brokerage firm offering digital securities trading based in the Abu Dhabi Global Market (ADGM). Securrency Capital’s platform, “powered by Securrency’s digital asset infrastructure and compliance aware solutions, provides investors… Read More

Abu Dhabi Strengthens Position as a Fintech, Financial Hub with Stellar Growth in 2023

ADGM (Abu Dhabi Global Market), the International Financial Centre in the UAE’s capital, has showcased impressive growth during the first half of 2023, solidifying Abu Dhabi’s position as a ‘falcon economy’ and a predominant financial powerhouse in the GCC region. The number of investment firms… Read More

Digital Assets Trading Platform M2 Obtains Financial Services Permission from Abu Dhabi Global Market

The new virtual asset platform M2 has been officially granted a Financial Services Permission (FSP) license in the Abu Dhabi Global Market (ADGM) from the Financial Services Regulatory Authority (FSRA) and is now “approved to operate a multilateral trading facility and offer custody services to… Read More

Abu Dhabi Global Market (ADGM) Implements Sustainable Finance Regulatory Framework

Abu Dhabi Global Market (ADGM) announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, “reinforcing its position as a sustainable financial hub and a natural hub for sustainable finance activities.” The framework encompasses rules “on… Read More

Israel-based Fintech Liquidity Group to Support Gulf Startups with $500M

Liquidity Group, an Israel-based fintech and asset manager, is looking to provide $500 million this year “to support startups in the UAE and across the Middle East.” The company reached unicorn status last month, “with fresh investment of $40 million from Japan’s MUFG at a… Read More

OurCrowd CEO Reflects on Global Venture Market: 2021 was Record Year, 2022 Has Been Flat

Recently global investment platform OurCrowd announced that it had topped $2 billion in capital commitments on its platform. OurCrowd is based in Israel but caters to a global market of both investors and private firms in need of growth capital. When the milestone was announced,… Read More

Digital Asset Bank Sygnum Awarded Abu Dhabi In-Principle Approval

Sygnum, which claims to be the world’s first digital asset bank and first Swiss bank to open a hub in the metaverse, leverages its oversubscribed USD 90m Series B “to expand internationally into Abu Dhabi’s high-growth crypto-hub.” In addition to this, Sygnum is further strengthening… Read More

Abu Dhabi Global Market, Rackspace Technology to Support ADGM’s Journey to Cloud

Abu Dhabi Global Market (ADGM), an international financial center located in UAE’s capital emirate announced a partnership with Rackspace Technology (NASDAQ:RXT), in order “to collaborate on a number of strategic technology initiatives.” As a long standing global leading service provider in multi-cloud computing, technology advisory… Read More

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