Animoca Brands Secures ADGM License to Manage Collective Investment Fund

Animoca Brands has received in-principle approval for a Fund Manager license from Abu Dhabi Global Market (ADGM), positioning the company to manage a Collective Investment Fund. The approval, pending final regulatory conditions, marks a strategic expansion into the Middle East's thriving Web3 and digital assets sector.

The MOVE aligns with Animoca's three core business pillars: blockchain adoption, digital asset advisory, and investment management. With a portfolio spanning 600+ companies, the firm is deepening its regional presence, having already established operations in Dubai and now Abu Dhabi.

"The UAE serves as a critical hub for Web3 innovation," said Omar Elassar, Animoca's Middle East managing director. The license enables regulated institutional participation while maintaining ecosystem partnerships.

ADGM's Chief Market Development Officer Arvind Ramaurthy framed the approval as a milestone in Animoca's compliance journey within the emirate's progressive regulatory framework. "This reflects our shared commitment to advancing blockchain infrastructure," he noted.