Animoca Brands Wins Initial Abu Dhabi Approval to Operate Regulated Fund
Web3 investment and infrastructure firm Animoca Brands won in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), the company said on Monday.
Final approval would see Animoca Brands permitted to manage collective investment funds from within ADGM, helping it strengthen its institutional footprint in the Middle East.
Animoca already maintains a presence in Dubai and has been positioning the region as a key hub for Web3 growth.
The company, which revealed plans to for a public listing on Nasdaq earlier this month, said the approval aligns with its goal to build regulated, compliant pathways for global institutional participation in Web3.
"The UAE is a growing hub for activity in Web3 and digital assets," said Omar Elassar, Animoca’s managing director for the Middle East. "This approval supports our regional strategy to build regulated, institutional pathways for participation."
The company manages a portfolio of over 600 Web3 investments, positioning it as one of the industry’s largest and most active backers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: XRP ETF Investments See $4 Billion Influx Amid Price Drop: Market Adjusts After Recent Surge
- Ripple's XRP ETFs see $128M inflows and regulatory approvals, but prices drop amid market correction. - XRPI and XRPR ETFs fall 8%, while XRPC ETF generates $58.5M in first-day trading, surpassing Solana's debut. - SEC approvals confirm XRP's commodity status, boosting institutional confidence as nine new XRP ETFs target $4B–$8B inflows. - Technical analysis shows XRP-USD above $2.00, with analysts projecting $2.50 by late 2025 if ETF AUM exceeds $8B.
San Francisco Hotel Promotions and Autonomous Taxis Indicate Economic Recovery
- San Francisco's hotel market shows recovery as Newbond and Conversant buy two iconic hotels for $408M, signaling investor confidence amid rising convention bookings. - Tech innovation accelerates with Amazon's Zoox launching free robotaxi trials, competing with Waymo and Tesla in autonomous vehicle testing. - Deutsche Bank raises capital via a 7.125% AT1 bond and revises ESG targets to include 900B€ in transition finance by 2030, reflecting industry decarbonization trends.
TWT's Revamped Tokenomics: Redefining Value for Holders and Ensuring Long-Term Project Viability
- TWT rebranded as Toncoin in 2025, shifting to gamified utility via Trust Premium, emphasizing user engagement and gas discounts. - A 2020 token burn reduced supply by 40%, but liquidity risks persist due to pre-burn circulation and centralized utility dependencies. - Lessons from TNSR's collapse highlight the need for decentralized use cases, as TWT's value relies on recurring incentives and cross-chain liquidity. - Analysts project TWT could reach $15 by 2030, contingent on sustained adoption and addres
Cardano News Today: Blockchain Dispute: Should Those Responsible for Chain Splits Face Legal Action or Should Open-Source Creativity Be Safeguarded?
- Solana co-founder Anatoly Yakovenko praised Cardano's swift recovery from a November 2025 chain split, calling its resilience "pretty cool" despite a malicious transaction exploiting a deserialization bug. - Cardano's Ouroboros consensus model enabled rapid convergence without hard forks, preserving transaction throughput and avoiding fund losses through emergency node upgrades. - A public debate emerged between Yakovenko and Cardano founder Charles Hoskinson over legal accountability, with Hoskinson adv
Trending news
MoreCrypto prices
More
