KLICKL gets ADGM’s nod to operate as broker-dealer, custody provider in virtual assets

KLICKL gets ADGM’s nod to operate as broker-dealer, custody provider in virtual assets

Local News















Abu Dhabi / Gulf Time

Klickl is the latest global virtual asset service provider to receive 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.

“We are excited that Klickl obtained an IPA from ADGM and will soon be part of the thrilling regulated crypto ecosystem in UAE to expand our product and service offering to the entire Mena region,” Michael Zhao, Co-Founder and CEO at Klickl said.

“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 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,” Zhao said.

Since the start, Klickl has been actively engaged in global regulators as part of its ongoing commitment to uphold global standards and collectively foster the developments and