Securrency, a US based provider of financial and regulatory technology products, is aiming to expand its operations in Abu Dhabi.
The company hopes to secure a license to operate a crypto-asset business with strategic partners under the new Abu Dhabi Global Market (ADGM) crypto regulatory framework.
Securrency will file an application with the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre in Abu Dhabi.
The company will partner with top global Blockchain companies and industry leaders to create and launch a fully-regulated crypto-asset business for institutional clients globally.
Leveraging Securrency’s top-tier security and compliance tools, this platform will provide institutional-grade crypto custodial services, as well as an exchange platform accessing large-scale global liquidity.
Wai Lum Kwok, Executive Director, Capital Markets, Financial Services Regulatory Authority of ADGM, said: “As an international financial services regulator, we welcome innovators, businesses, and financial firms to make use of our regulated platform to conduct and grow their businesses.
“We are encouraged by Securrency’s plans to submit an application to set up a marketplace for digital assets in ADGM. Along with their strategic partners, Securrency will leverage our comprehensive regulatory regime to foster governance, efficiency and transparency in crypto asset activities.”
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