Animoca Brands receives initial approval from Abu Dhabi Financial Regulator to conduct fund management business

Foresight News reported that Animoca Brands has announced it has received in-principle approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Upon meeting the relevant conditions and obtaining the final license, Animoca Brands will be able to conduct collective investment fund management business in ADGM. Animoca Brands is currently expanding its presence in the Middle East and has already launched Web3-related operations in Dubai.