The regulatory nod will let UAE-based financial institutions deal in tokenized equities on Binance's regulated trading venue.
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
Animoca Brands received in-principle approval from Abu Dhabi’s FSRA to operate as a regulated fund manager within ADGM.
The stablecoin issuer received in-principle approval from ADGM's Financial Services Regulatory Authority to operate as a money services provider.
The agreement will provide ADGM with access to Chainlink’s blockchain tools and enable regulatory discussions on blockchain, AI, and other emerging technologies.
Both companies plan to develop new institutional digital offerings, while QCP is set to open an Abu Dhabi shop.