3iQ Receives In-Principle Approval for License in Abu Dhabi
3iQ Corp., a global leader in digital asset investment solutions, announced that its UAE-based subsidiary has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority of ADGM. This approval is part of 3iQ's strategy to establish regulatory presence across major digital asset hubs globally and follows their strategic partnership with Further Asset Management. The company aims to provide institutional investors access to its Managed Account Platform, which has attracted $100 million in sovereign-linked seed capital. Rachel Pether leads the Middle East operations for 3iQ after joining from Mubadala and SkyBridge Capital. CEO Pascal St-Jean emphasized the UAE's role as a key digital asset hub with strong regulatory frameworks. ADGM’s Chief Market Development Officer Arvind Ramamurthy praised this milestone, highlighting growing interest in Abu Dhabi's digital asset ecosystem.
Topics: digital assets expansion regulation