Animoca Brands Wins Initial Approval to Operate Regulated Fund in Abu Dhabi’s ADGM
CoinDesk
Animoca Brands received in-principle approval from Abu Dhabi's FSRA to operate as a regulated fund manager within ADGM.Summary
Web3 investment firm Animoca Brands has secured in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a regulated fund manager. This approval, once finalized, will allow the company to manage collective investment funds from within ADGM, significantly bolstering its institutional presence in the Middle East, a region Animoca views as a key hub for Web3 growth. According to Omar Elassar, Animoca’s managing director for the Middle East, this move aligns with the company's strategy to establish regulated, compliant pathways for global institutional participation in Web3 activities.
(Source：CoinDesk)