Financial firm Bitcoin Suisse has received a financial services permit from Abu Dhabi Global Market (ADGM), allowing it to provide regulated digital asset services in the United Arab Emirates (UAE).

Blockchain outlet Bitcoin Magazine reported on Monday that the approval was granted to the group’s subsidiary BTCS Middle East, opening a path to serve institutional and professional investors.

The permit follows the completion of a multi-stage authorisation process with the Financial Services Regulatory Authority (FSRA), the regulator of Abu Dhabi Global Market. BTCS Middle East can now offer digital asset services aligned with the UAE regulatory framework.

The services will target institutional and professional clients. Clients can use institutional-grade custody, approved digital asset trading, and tools to manage and hedge digital asset exposure. Bitcoin Suisse plans to assign a dedicated relationship manager to each client and said it is also preparing support for access if the tokenised real-world asset (RWA) market expands.

The Middle East business is led by Seida Meichen (세이다 마이첸), chief executive officer of BTCS Middle East. Meichen said the financial services provider (FSP) licence is an important milestone in the company’s international growth strategy. Calling it a reflection of more than 10 years of infrastructure, risk frameworks and client relationships, he described the UAE as one of the world’s most dynamic digital asset hubs.

The move also aligns with an expansion trend among major cryptocurrency companies toward the Gulf region. As crypto-related regulatory frameworks take hold in Abu Dhabi Global Market and Dubai, the Middle East is emerging as a base for regulated operations. With the permit, Bitcoin Suisse has secured an operating foothold in a fourth jurisdiction, following Switzerland, Liechtenstein and Bermuda, and now the UAE.

The company views the expansion as a step toward becoming a global asset management partner in digital assets. Bitcoin Suisse provides trading, custody, staking and lending services to institutional clients, digital asset foundations, family offices, asset managers and high-net-worth individuals.

Bitcoin Suisse was founded in Zug, Switzerland, in 2013 and has more than 10 years of operating experience. It currently holds 3.7 billion dollars worth of crypto assets in custody and ranks as the world’s fourth-largest staking provider.

Against this backdrop, the Abu Dhabi permit provides Bitcoin Suisse with a route into the regulated sector in the Middle East. In a market where demand for institutional digital asset infrastructure is rising, the company is expected to expand its presence in the UAE by emphasising compliance-focused custody and trading services.