Jakarta, Pintu News – Animoca Brands, a Hong Kong-based digital assets company, recently secured in-principle approval from the Abu Dhabi Financial Services Regulatory Authority to establish a fund management business in the emirate. This approval marks a major step for Animoca Brands in expanding its regulated operations in the United Arab Emirates (UAE) digital assets sector.
Animoca Brands has been actively expanding its presence in the Middle East, a region that is developing a regulatory framework for digital assets. The UAE has introduced licensing pathways for crypto and blockchain companies in Abu Dhabi and Dubai. The initiative includes tokenization projects involving real assets, one of which is a partnership with Hong Kong-listed DL Holdings using Ledger’s XRP blockchain platform.
Animoca Brands is not only focused on developing digital infrastructure, but also on establishing an enabling framework for institutional investment activity in the region. Their growing presence in the Middle East demonstrates a commitment to capitalizing on the opportunities offered by this emerging market.
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The in-principle approval received by Animoca Brands in Abu Dhabi is the first step towards a full license that will allow the company to manage investment funds. Earlier, in October, Animoca also received in-principle approval for a crypto brokerage license from the Dubai Virtual Assets Regulatory Authority.
These licenses will allow the company to offer regulated trading services in Dubai. These two licenses mark a significant increase in Animoca Brands’ regulated activities in the UAE. With a strong regulatory framework, the UAE is attracting many crypto exchanges, blockchain companies, and digital asset managers to set up operations in the country.
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Animoca Brands operates in various segments of the digital economy, including consulting services, investment activities, and web3 gaming platforms. With the fund management license, the company will have a regulatory structure for institutional investment activities in the region.
Yat Siu, chairman of Animoca, is scheduled to speak at the Global Blockchain Show 2025 in Abu Dhabi, confirming the company’s commitment to the development of the global blockchain ecosystem. Animoca Brands’ presence in the Middle East not only reinforces their position as a leader in the digital assets industry, but also demonstrates the importance of adaptation and compliance with local regulations in global operations.
With this approval in principle, Animoca Brands is poised to expand its regulated operations and strengthen its position in the global market. This move also demonstrates the importance of the UAE as a financial and technological center that supports innovation and growth in the digital assets sector.
Animoca Brands is a Hong Kong-based digital asset company, which operates in various segments of the digital economy including consulting services, investment activities, and web3 gaming platforms.
In-principle approval is the initial approval given to a company to proceed to the full licensing process after meeting certain conditions such as capital, compliance, and operational conditions.
Animoca Brands received in-principle approval on November 24 from the Abu Dhabi Financial Services Regulatory Authority.
The license will enable Animoca Brands to manage collective investment funds under a regulated framework, strengthen its regulated operations and enable institutional investment activities in the UAE.
The UAE has developed a strong regulatory framework for digital assets, attracting many blockchain companies, crypto exchanges, and digital asset managers to set up operations in the country, making it an important financial and technology hub.
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