Animoca Brands Wins Initial Abu Dhabi Approval to Operate Regulated Fund

Why It Matters

The approval gives Animoca a regulated gateway to tap institutional capital in the fast‑growing UAE Web3 hub, enhancing its credibility and potentially accelerating mainstream adoption of digital‑asset investments.

Summary

Animoca Brands has received in‑principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to operate as a regulated fund manager within the ADGM jurisdiction. The clearance paves the way for the company to manage collective investment funds from the Middle East, bolstering its institutional footprint in the region where it already maintains a Dubai presence. Animoca, which oversees a portfolio of more than 600 Web3 investments and recently announced a Nasdaq listing, says the approval aligns with its strategy to create licensed, compliant channels for global institutional investors to access Web3 assets.