Securrency Capital gains Financial Services Permission from ADGM

  • Date: 12-Apr-2022
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Securrency Capital gains Financial Services Permission from ADGM

Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal investments as a matched principal and provide custody for those investments.

According to the statement, “The license enables Securrency Capital to provide trading of digital assets to a variety of clients, including retail clients.”

Securrency Capital is a wholly-owned subsidiary of Securrency, a US-based global financial markets infrastructure technology company that developed best-in-class proprietary digital asset technology.

Securrency Capital’s FSP will enable it to achieve its goal of offering a transparent and reliable platform through which global investors can trade digital assets. Further, Securrency Capital’s platform is expected to go live soon after securing additional approvals from the FSRA.

Phil Langton

COO

Securrency Capital “Being based in the ADGM has allowed us to leverage the wealth of knowledge from the regional firms, as well as the sophistication of our regulator, the FSRA, to deliver a global marketplace and distribution network for finding and trading all types of digital assets. Securrency Capital is now at the forefront of migrating traditional trading on blockchain networks and opening up new distribution channels to the multichain ecosystem and the metaverse. We are