Matrix Exchange receives In-Principle Approval from Abu Dhabi Global Market

Advertisement

Matrix Exchange receives In-Principle Approval from Abu Dhabi Global Market

Advertisement

Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.

The United Arab Emirates keeps embracing and regulating blockchain & crypto assets into its financial system. ADGM was first in the Middle East and Africa region to establish and launch a fully operational and regulated crypto-asset framework and regime in June 2018. The ADGM business friendly and well-regulated ecosystem continues to attract more and global digital assets investors, blockchain technology companies and other related financial institutions to the UAE.

With digital assets becoming popular alternative investments, compliance is increasingly significant for investors and customers. “The IPA is an important milestone. Subject to regulatory approvals by the FSRA, Matrix Exchange aims to be a recognized regulated crypto asset exchange in the Middle East. It gives us the legitimacy to provide compliant, secure and reliable digital asset transactions for users when we are fully operational.” Matrix Exchange Chairman James Wo said.

With a particular focus on the UAE market, Matrix Exchange is also dedicated to establishing a world-class regulated exchange for international investors.

Matrix Exchange is sponsored by Digital Finance Group (DFG), which operates investments in both primary and secondary markets. DFG’s blockchain private equity fund has invested in excellent companies including Circle, LedgerX and more. DFG also provides support for ETC & ETH infrastructure projects, manages AToken (light wallet), BIKA (cryptocurrency market & info platform) and more.

Updated 11:55 PM UTC+8, 18 Aug 2019
Advertisement
Published all Press Release content on kenkarlo.com. Encouraging you, our readers to study caution prior to, considering any involvement with said company, organizations that involves investment mentioned in the published articles. KenKarlo.com is not a subsidiary of any marketing agency, nor owned by any company. Submit your press release on KenKarlo.com.
Advertisement
Advertisement
Shopee.ph Ad
Shop Now

Featured Stories

Advertisement

Recent Stories

Ways Technology Can Increase Productivity

How to Protect Confidential Documents

What Kind Of Career Can A Degree In Economics Set You Up ...

Choosing the Right Software Solutions in 2022

Fintech in trade finance: Important technologies to keep ...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Recent Stories

Ways Technology Can Increase Productivity

How to Protect Confidential Documents

What Kind Of Career Can A Degree In Economics Set You Up ...

Choosing the Right Software Solutions in 2022

Fintech in trade finance: Important technologies to keep ...

Startups

ARNO Token

Coin98 (C98)

Tycoon (TYC)

PointPay (PXP)

Winsshi (WNS)

Coins.ph

Technologies

Fintech in trade finance: Important technologies to keep ...

6 Reasons To Add A Web Design Agency To Your Marketing Te...

3 Benefits of Driver Assist Technology for Businesses

How to Keep Learning in a Rapidly Changing Technological ...

How Technology is Revolutionizing Architecture

Advertisement

Cryptocurrency

Coinmicro: Committed to a Safe and Stable Digital Asset D...

How to use AI with Crypterium’s Cryptocurrency Investme...

DeHero: Gradually Upgrading to Card Metaverse

Alternative Investment Options That Are Worth Considering...

Bitop Research: Current Trends Not-to-be-Missed in the Bl...

Shopee.ph Ad
Shop Now

Gaming

How do you Play Baccarat for Real Money?

USDT Is A Game Changer For Online Poker

Supporting the Growing Blockchain Gaming Industry, BitMax...

How to Buy Cheaper Steam Wallet Code using Paymaya (2021 ...

6 Ways VR Can be Dangerous to Users

Advertisement

Categories

Digital Marketing

Technology

How to

Social Media

Blockchain

Press Release

Tech News

Business

Startup

Reviews

Gadgets

Security

Finance

SEO

x
By using this website, you agree to our Terms and Conditions and Privacy Policy.