Animoca Brands Secures Provisional Approval From Abu Dhabi’s Financial Regulator
Animoca Brands has obtained in-principle approval from Abu Dhabi's Financial Services Regulatory Authority, marking a significant step toward operating as a regulated fund manager in the Middle East's digital asset hub. The Hong Kong-based Web3 investor aims to manage collective investment funds within the Abu Dhabi Global Market (ADGM) upon final approval.
The MOVE underscores Animoca's strategic pivot toward institutional territory, leveraging its expertise in gaming, NFTs, and digital assets. With over 600 portfolio companies, the firm is reinforcing its regulatory footing for capital formation and fund structures.
Expansion in the Middle East gains momentum as Animoca strengthens its presence in Dubai and advances plans for a regulated footprint in Abu Dhabi. Omar Elassar, the company's regional managing director, highlighted the UAE's growing role in Web3 innovation.
