Tagged: adgm

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

Abu Dhabi Crypto Hub, “Future of Finance Youth Circle” Launched

Holding its third day of sessions and panel discussions under the overarching theme of “Crypto Abu Dhabi”, Abu Dhabi Finance week witnessed the launch of Abu Dhabi Crypto Hub by Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital. Given… Read More

Global Investment Platform OurCrowd Launches AI Hub in Abu Dhabi

In partnership with the Abu Dhabi Investment Office (ADIO), OurCrowd has announced the launch of a global artificial intelligence (AI) hub.  Based at Abu Dhabi Global Market (ADGM)  Hub71, the AI hub has been named Integrated Data Intelligence Ltd (IDI) and will develop easily adoptable… Read More

OneConnect Financial Technology Launches Middle East Operations in Abu Dhabi Global Market

OneConnect Financial Technology Co., Ltd, a Technology-as-a-Service provider for financial institutions, announced the official launch of its regional operations in Abu Dhabi Global Market (ADGM), the international financial center of the capital of the UAE. OneConnect’s addition to the ADGM family will “further support the… Read More

Yoshi Markets, a Regulated Digital Assets Firm, Begins Onboarding Clients

Yoshi Markets Limited says it has started onboarding clients for its trading and custody platform for digital assets. Yoshi is an ADGM regulated  Multilateral Trading Facility (MTF) and custodian. The announcement is described as a significant step towards offering services for customers from around the world…. Read More

ADGM Partners with Finastra for International Fintech Hackathon ‘Hack to the Future 4’

ADGM will offer participants access to its Digital Lab, which is a “neutral” and “secure” digital environment where Fintech products and services may be tested The Abu Dhabi Global Market (ADGM), an international financial center, has teamed up with financial software firm Finastra for its… Read More

Board of Abu Dhabi Global Market Approves Formation of ADGM Authority, Will be Led by Financial Services Veteran Mark Nicholas Cutis

The Board of Abu Dhabi Global Market (ADGM), the international financial center located in Abu Dhabi, has reportedly approved the formation of the ADGM Authority. ADGM Authority is expected to be led by Mark Nicholas Cutis, who will be serving as the organization’s Chief Executive…. Read More

Middle East Fintech Firms to Operate Under New Guidelines from Abu Dhabi Global Market

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has provided an updated set of regulatory guidelines that are meant to serve as a framework to support the operations of Fintech companies. Many of these startups offer third-party services to clients of… Read More

Bank Hapoalim and Abu Dhabi Global Market to Work on Digital Transformation of Financial Services in UAE and Israel

Israel’s Bank Hapoalim and Abu Dhabi Global Market will be collaborating on various Fintech projects. Both organizations have agreed to support the digital transformation of financial services in the UAE and Israel. Abu Dhabi Global Market (ADGM), a major international financial centre located in the… Read More

Abu Dhabi Global Market Releases Sustainable Finance Report, which Highlights Benefits of Islamic Finance and SDGs

Abu Dhabi Global Market (ADGM), which aims to serve as a global financial center and hub for the MENA region, says it’s always working to ensure the economic well-being of its community members. ADGM has released its State of Sustainable Finance Report – which outlines… Read More

MENA Region Fintech Companies Continue to Apply for Digital Bank Licenses in the UAE

The Abu Dhabi Global Market (ADGM) has received applications from MENA region companies that are interested in launching digital banking platforms. Richard Teng, who works at the emirate’s international financial free zone as the head of its Financial Services Regulatory Authority, revealed that his organization… Read More

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