Animoca Brands Secures Regulated Status to Operate as Fund Manager in Abu Dhabi

Animoca Brands has received an important step towards full authorization, obtaining in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, a leading international financial center in the UAE. This will allow Animoca Brands to operate as a regulated fund manager, managing Collective Investment Funds within ADGM’s jurisdiction. Subject to fulfilling further conditions and final regulatory approvals, this milestone will enable them to expand their Web3 business initiatives across the region.