TLDR
- Animoca Brands received in-principle approval from ADGM’s FSRA to operate as a regulated fund manager in Abu Dhabi.
- The company must fulfill capital, compliance, and operational standards before securing full regulatory authorization.
- This step follows earlier approval in Dubai for a crypto brokerage license from the Virtual Assets Regulatory Authority.
- Animoca is developing tokenized investment funds, including a partnership with DL Holdings on the XRP Ledger.
- The firm manages over 600 projects across Web3 sectors and continues expanding its regulatory footprint in the Middle East.
Animoca Brands has received in-principle approval to operate as a fund manager in Abu Dhabi, marking a development in its regulatory efforts in the Middle East. The company secured the early approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing it to proceed toward full authorization. The firm must now meet specific capital, compliance, and operational requirements to receive final approval.
Regulatory Progress in the UAE
The in-principle approval grants Animoca Brands the right to begin final preparations to manage collective investment funds in the ADGM. This step reflects a broader shift by the company to establish regulated operations in jurisdictions with defined digital asset frameworks.
Animoca’s current efforts align with its previously approved crypto brokerage license in Dubai, granted by the Virtual Assets Regulatory Authority (VARA) in October. The company has increased its presence in the region through multiple regulatory steps and investment programs. Animoca stated that a regulated fund structure in Abu Dhabi would support both traditional and digital-native investors.
The firm is positioning itself to offer institutional-grade services under clear regulatory oversight. With offices already operating in Dubai, the company is using the UAE as a strategic base to grow its investment platform across global Web3 initiatives.
Investment and Tokenization Projects
Animoca is working on tokenized investment vehicles linked to real-world assets. One such project includes a limited partnership fund with DL Holdings, structured on the XRP Ledger. This initiative is part of a broader focus on digital property rights, tokenized platforms, and infrastructure development.
The company manages a portfolio of over 600 projects in areas such as Web3 gaming and blockchain-based finance. The company also confirmed that its chairman, Yat Siu, is scheduled to speak at the Global Blockchain Show 2025 in Abu Dhabi.
This engagement follows ongoing developments in the firm’s regulated footprint and continued activity within markets that have introduced specific digital asset regulations. Animoca’s steps in Abu Dhabi show its continued commitment to expanding regulated investment operations in the region.
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