Overview
- The FSRA of Abu Dhabi Global Market granted Animoca Brands preliminary approval to pursue operating as a regulated fund manager from within ADGM.
- Final authorization will require the company to satisfy capital, compliance, and operational conditions set by the regulator.
- The move follows October’s in-principle approval from Dubai’s Virtual Assets Regulatory Authority for a crypto brokerage licence.
- Animoca is developing tokenized investment vehicles, including a limited partnership fund with Hong Kong–listed DL Holdings structured on the XRP Ledger.
- The firm manages more than 600 Web3 investments, and chairman Yat Siu is slated to speak at the Global Blockchain Show 2025 in Abu Dhabi.