Sygnum has “received an in-principle approval from the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA).” Sygnum’s new Middle-East hub will “serve the local market with a crypto-native suite of digital asset banking, asset management, tokenization and B2B banking services regulated by FINMA in Switzerland.”
Sygnum’s Abu Dhabi licence and local presence will “enable direct access to its established wealth management market, supportive government and clear regulatory framework – as well as the opportunity to pioneer regulated crypto services in the region.
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