BULLISH 55 Cointelegraph 1H ago · 1 min read 1 read

Animoca Brands wins final Abu Dhabi approval for fund management

AI summary

Animoca Brands has cleared its final regulatory hurdle to operate a fund management business in Abu Dhabi, advancing its pivot from blockchain gaming and venture investing into regulated institutional financial services. The approval gives the Hong Kong-based firm a licensed foothold in the UAE capital's financial center. Traders may read it as a sign of deepening institutional crypto infrastructure in the Gulf, though no specific assets or capital figures were disclosed.

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