Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal investments as a matched principal and provide custody for those investments.
According to the statement, “The license enables Securrency Capital to provide trading of digital assets to a variety of clients, including retail clients.”
Securrency Capital is a wholly-owned subsidiary of Securrency, a US-based global financial markets infrastructure technology company that developed best-in-class proprietary digital asset technology.
Securrency Capital’s FSP will enable it to achieve its goal of offering a transparent and reliable platform through which global investors can trade digital assets. Further, Securrency Capital’s platform is expected to go live soon after securing additional approvals from the FSRA.
Phil Langton COO Securrency Capital
“Being based in the ADGM has allowed us to leverage the wealth of knowledge from the regional firms, as well as the sophistication of our regulator, the FSRA, to deliver a global marketplace and distribution network for finding and trading all types of digital assets. Securrency Capital is now at the forefront of migrating traditional trading on blockchain networks and opening up new distribution channels to the multichain ecosystem and the metaverse. We are confident that we have built a strong foundation on which to grow and look forward to expanding our global footprint with the implementation of our partnership framework and our technology partnership with Securrency.”
Mr. Amir Tabch, Chairman and CEO of Securrency Capital said that, “With this license, we will be able to leverage Securrency’s unparalleled proprietary asset tokenization technology, which automates multi-jurisdictional compliance and financial services and enables the movement of regulated value at the speed of tomorrow.”
Mr. John Hensel, Chief Operating Officer of Securrency commented that, “ADGM is a rapidly growing world-class financial center. Securrency Capital will be at the center of the dynamic and rapidly-growing digital assets marketplace in ADGM for which retail and institutional clients have been waiting. We are proud of Amir and his team at Securrency Capital and look forward to supporting their rapid growth.”
