Animoca Brands has announced that it has received an in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to operate as a regulated Fund Manager.
The approval is a key step toward obtaining full Financial Services Permission, which will allow the company to manage a Collective Investment Fund in or from ADGM, subject to final regulatory conditions.
Strengthening Institutional Capabilities
A global leader in digital assets and Web3 innovation, Animoca Brands has built a portfolio of more than 600 investments across blockchain, gaming, infrastructure, and tokenized assets.
The company’s business pillars include Web3 venture building, digital asset advisory, and investment management—areas that increasingly require regulated, institutional-grade frameworks.
The new IPA supports Animoca Brands’ ongoing expansion in the Middle East, where it already operates from Dubai to advance Web3 adoption and ecosystem development.
UAE as a Global Web3 Hub
Omar Elassar, Managing Director for Middle East and Head of Global Strategic Partnerships at Animoca Brands, highlighted the UAE’s growing influence:
“The UAE is a growing hub for activity in Web3 and digital assets. This in-principle approval supports our regional strategy to build regulated, institutional pathways for participation while continuing to partner with founders and enterprises across the ecosystem.”
The UAE—through entities like ADGM and Dubai’s VARA—has emerged as one of the world’s most advanced regulators for digital assets, offering clarity and oversight that global players increasingly seek.
ADGM’s Expanding Digital Asset Ecosystem
Arvind Ramamurthy, Chief Market Development Officer at ADGM, welcomed the milestone:
“We congratulate Animoca Brands on receiving their IPA, a key step toward full Financial Services Permission. This achievement reflects their commitment to operating within ADGM’s dynamic ecosystem.”
ADGM continues to attract leading blockchain and digital asset companies due to its clear regulatory frameworks, making it a strategic base for firms aiming to offer compliant investment products.
A Step Toward Regulated Web3 Funds
Once the conditions are met and the final approval is granted, Animoca Brands will be able to offer regulated, blockchain-focused investment products from Abu Dhabi—further reinforcing the UAE’s position as a global destination for institutional digital asset activity.
To learn more, please refer to the original announcement.
Source: ADGM
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