News with the tag "Abu Dhabi Global Market"

Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, increased its exposure to crypto during the first quarter of 2025 through additional investment in BlackRock’s spot Bitcoin ETF. A recent filing with the US Securities and Exchange Commission (SEC) revealed that the fund added 491,439 s...

Circle, the issuer of the second-largest stablecoin, USDC, said it received in-principal regulatory approval from Abu Dhabi, paving the way for an expansion across the Middle East. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) granted the company the preliminar...

Dubai’s Virtual Assets Regulatory Authority believes it has struck the correct balance in terms of time taken to award licenses to crypto-related applicants, its senior official Sean McHugh told CoinDesk in an interview on Tuesday, disputing any perception of being a friendlier-than-usual crypto reg...

The blockchain and tokenization infrastructure platform Paxos has announced Paxos International has launched a new yield-bearing stablecoin called lift dollar (USDL). The stablecoin’s holders will earn overnight yield from short-term U.S. government securities and cash equivalent reserve assets with...

Paxos, a provider of blockchain and tokenization infrastructure, has recently received preliminary approvals from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi. The company stated that these endorsements are crucial steps for Paxos, enabling it to issue stablecoins pegged to the U....

Native token of the Iota ecosystem [IOTA] jumped 35% Wednesday on news about registering a development foundation in Abu Dhabi.

Zodia Markets, a digital asset marketplace backed by Standard Chartered Ventures, has been granted In-Principle Approval to operate as a crypto broker-dealer in Abu Dabhi.

Zodia Markets, a digital asset marketplace backed by Standard Chartered Ventures, has been granted In-Principle Approval to operate as a crypto broker-dealer in Abu Dabhi.

Rain's Abu Dhabi-based entity can now offer institutional clients and some retail clients in the UAE the ability to buy, sell and store virtual assets, Reuters reported.

The heart of crypto in the capital of the United Arab Emirates is actually just offshore in the Abu Dhabi Global Markets, an economic free zone. With a mandate to encourage fintech, the No. 6 spot in CoinDesk’s Crypto Hubs 2023 keeps the lines of communications open between regulators and crypto ins...