Hong Kong-based virtual asset service provider Klickl gets IPA from ADGM

Hong Kong-based virtual asset service provider Klickl gets IPA from ADGM

Klickl, a Hong Kong-based global virtual asset service provider, had received the in-principle approval (IPA) of the Financial Services Permission (FSP) from Abu Dhabi Global Market (ADGM) to operate as a broker-dealer and to provide custody in the digital asset place.

Formerly known as IDCM, Klickl has been actively engaging global regulators as part of its ongoing commitment to uphold global standards and collectively foster the development and sustainable growth of the crypto ecosystem. The issuance of the IPA showcases Klickl’s commitment to becoming an all-around virtual asset leader within the ADGM.

As the long-standing digital asset exchange platform that pioneered the notion of the Alliance Concept (Exchange-as-a-service), Klickl group has navigated successfully through bull and bear markets for the past five years.

Michael Zhao

Co-Founder & CEO

Klickl “The regulated route is the only route for any crypto company’s growth if it wants to be a serious player for the long run. Long gone are the days where digital asset players enjoy early-mover advantage benefiting from a fast-growing bull market. Recent crypto market turbulence and big selloff caused by greed-led FOMO driven sentiment is just another example to show why the market needs proper risk control and compliance.”

By focusing on building their ecosystem infrastructure,