Crypto investment manager 3iQ secures in-principle approval from ADGM
Crypto investment manager 3iQ has received in-principle approval from Abu Dhabi Global Market for a Category 4 license via its UAE entity, furthering its regional expansion.
Crypto investment manager 3iQ has received in-principle regulatory approval for a Category 4 license from the Abu Dhabi Global Market via its UAE entity, according to reporting by The Block and crypto.news.[1][2][3]
The preliminary authorization advances 3iQ's ongoing expansion across the United Arab Emirates. Last year, the investment manager partnered with UAE-based Further Asset Management to launch a joint fund backed by $100 million in seed capital.[1][2]
The firm's strategic push into Abu Dhabi could strengthen institutional confidence across the local digital asset market and attract additional global companies, according to Crypto Briefing.[3]
Key facts
- 3iQ received in-principle approval from the Abu Dhabi Global Market for a Category 4 license through its UAE entity.
- 3iQ previously partnered with UAE-based Further Asset Management to establish a joint fund seeded with $100 million.
- Crypto Briefing reported that 3iQ's Abu Dhabi expansion could increase institutional confidence and attract more global firms to the region's digital asset sector.
Sources · 3 sources
- TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Crypto investment manager 3iQ has received in-principle approval from the Abu Dhabi Global Market (ADGM) for a Category 4 license via its UAE entity. Last year, 3iQ partnered with UAE-based Further Asset Management to launch a joint fund with $100 million in seed capital.
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: 3iQ secures in-principle regulatory approval in Abu Dhabi The crypto investment manager has received preliminary approval for a Category 4 license from ADGM, building on its UAE expansion after launching a joint fund with Further Asset Management seeded with $100M last year.
Open source - CB
Crypto BriefingArticle ·
3iQ wins in-principle approval for Category 4 license in Abu Dhabi 3iQ's strategic move into Abu Dhabi could boost institutional confidence in the region's digital asset market, attracting more global firms. The post 3iQ wins in-principle approval for Category 4 license in Abu Dhabi appeared first on Crypto Briefing .
Open source