Animoca Brands, the web3 game and software development company, announced today that it has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a regulated Collective Investment Fund manager. The company confirmed the news in an official statement.
The IPA is a preliminary step toward full regulatory authorization, signaling confidence in Animoca Brands’ governance and risk framework. Once final approval is granted, the firm will be able to offer institutional digital asset products under ADGM rules. Animoca, which holds investments in more than 600 companies across the blockchain and digital economy sectors, views the UAE as a key hub for Web3 growth. This approval complements its existing operations in Dubai and reinforces its strategy to provide regulated pathways for institutional investors in the Middle East.
The company will continue working with ADGM to satisfy all regulatory requirements before launching its investment fund. The final FSRA authorization is expected in the coming months, enabling full fund management operations.
Source:https://www.animocabrands.com/animoca-brands-receives-in-principle-approval-from-adgms-fsra
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
