Search results for Financial Services Regulatory Authority
Crypto
Bitcoin Suisse secures Abu Dhabi licence, targets UAE institutions
Financial firm Bitcoin Suisse has obtained a financial services permit from Abu Dhabi Global Market, allowing it to offer regulated digital asset services in the United Arab Emirates. The licence was granted to group subsidiary BTCS Middle East, enabling it to serve institutional and professional investors. The approval follows a multi-stage process with the Financial Services Regulatory Authority. The company said it will provide custody, trading and exposure management services and may support access to tokenised real-world assets.
Crypto
Binance partners with Ondo Finance, returns to tokenised stock trading after two years
Binance has returned to the tokenised stock market through a partnership with Ondo Finance, The Block reported on Feb. 24. The service will offer tokenised shares and ETFs tied to major U.S. companies including Apple, Google, Tesla and Nvidia via Binance Alpha and Binance Wallet. Binance previously launched tokenised stock trading in 2021 but halted it due to regulatory pressure. The new offering is approved by Abu Dhabi’s Financial Services Regulatory Authority and will not be available in the United States.
Crypto
Abu Dhabi firm launches first U.S. dollar stablecoin registered in UAE
Abu Dhabi Universal Digital has launched USDU, a U.S. dollar-based stablecoin after completing registration with the UAE central bank, Cointelegraph reported on Jan. 29. Cointelegraph said USDU is the first foreign payment token in the UAE to comply with the central bank’s payment token service rules and to be officially registered. The firm is under dual regulation and must meet standards for reserves, governance, disclosures and operational controls.
