In a significant development, Animoca Brands has secured in-principle approval to acquire a fund management license in Abu Dhabi, marking a crucial step in its regulatory plans. This move is expected to bolster the company’s presence in the United Arab Emirates (UAE) and cement its position as a leading player in the Web3 industry.
According to a recent announcement, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted Animoca Brands the initial approval to operate as a regulated fund manager. This development is a testament to the company’s commitment to compliance and its efforts to establish a robust regulatory framework for its operations.
Regulatory Milestone
The in-principle approval allows Animoca Brands to proceed with the final stages of obtaining full approval to manage collective investment funds from the ADGM. To achieve this, the company must meet specific capital, compliance, and operational requirements. This milestone is a significant step forward in Animoca’s strategy to formalize its regulated operations in the region and expand its investment activities for institutional clients.
As a leading Web3 company, Animoca Brands has been actively engaged in various initiatives to promote the growth and development of the industry. With a portfolio of over 600 companies in gaming, infrastructure, digital property, and tokenized platforms, the company is well-positioned to leverage its expertise and experience to drive innovation and adoption in the UAE.
Expanding Presence in the Middle East
The UAE has emerged as a key hub for Web3 companies, with its business-friendly environment and favorable regulatory framework. Animoca Brands has been at the forefront of this trend, with a growing presence in the region. The company’s recent approval in Abu Dhabi follows its in-principle approval for a crypto brokerage license in Dubai, which was granted in October. This license will enable Animoca Brands to offer regulated trading services in the emirate, further expanding its reach and capabilities in the region.
In addition to its regulatory approvals, Animoca Brands has been engaged in various initiatives to promote the growth and development of the Web3 industry. These include partnerships in education financing, token distribution, and Web3 gaming, as well as the launch of new programs and projects. The company’s commitment to innovation and compliance has earned it a reputation as a leader in the industry, and its expanding presence in the Middle East is expected to drive further growth and adoption.
As the Web3 industry continues to evolve, the importance of regulatory compliance and frameworks cannot be overstated. Animoca Brands’ recent approval in Abu Dhabi is a significant step forward in this regard, demonstrating the company’s commitment to operating within established frameworks and guidelines. With its growing presence in the UAE and its expanding range of initiatives and projects, Animoca Brands is well-positioned to drive innovation and adoption in the Web3 industry.
For more information on Animoca Brands and its recent approval in Abu Dhabi, please visit https://crypto.news/animoca-brands-approval-fund-manager-abu-dhabi-2025/
