Key Takeaways
- • Digital asset investment manager 3iQ Corp said its UAE-based affiliate, 3iQ Middle East Ltd, received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for a Category 4 licence.
- • The firm's Middle East operations are headed by Rachel Pether, a former Mubadala executive.
- • The approval is in-principle, meaning final licensing is not yet confirmed in the source material.
Summary
Digital asset investment manager 3iQ Corp has announced that its UAE-based affiliate, 3iQ Middle East Ltd, has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for a Category 4 licence, according to the company's statement as reported by Zawya.
The Middle East operations are led by Rachel Pether, a former Mubadala executive. The move extends 3iQ's regulated footprint in the UAE, where ADGM's financial free zone regulator oversees digital asset and investment activities. The source article is brief and does not disclose licence scope details, capital requirements, assets under management, or launch timelines for the regional business.
For institutional allocators and managers tracking digital asset firms expanding into the Middle East, the approval signals continued regulatory engagement by ADGM with crypto-focused asset managers. Further detail on the licence's conditions and the unit's planned activities was not available in the reviewed material.
The Middle East operations are led by Rachel Pether, a former Mubadala executive. The move extends 3iQ's regulated footprint in the UAE, where ADGM's financial free zone regulator oversees digital asset and investment activities. The source article is brief and does not disclose licence scope details, capital requirements, assets under management, or launch timelines for the regional business.
For institutional allocators and managers tracking digital asset firms expanding into the Middle East, the approval signals continued regulatory engagement by ADGM with crypto-focused asset managers. Further detail on the licence's conditions and the unit's planned activities was not available in the reviewed material.
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