Animoca Brands secures fund management approval in Abu Dhabi
PositiveCryptocurrency
- Animoca Brands has received in-principle approval from the Financial Services Regulatory Authority in Abu Dhabi to establish a fund management business, marking a significant step in enhancing its regulated operations within the UAE's digital asset sector.
- This approval is crucial for Animoca Brands as it allows the company to expand its presence in a rapidly growing market, potentially attracting more investors and partners interested in the digital asset landscape in the UAE.
- The approval aligns with Abu Dhabi's increasing investments in cryptocurrency, as evidenced by the Abu Dhabi Investment Council's recent tripling of its stake in Bitcoin, indicating a broader trend of institutional interest in digital assets in the region.
— via World Pulse Now AI Editorial System