UAE Insider
    What's Hot
    Business

    Step into the Future with TCL’s New QD-Mini LED TV Redefining Home Entertainment

    Business

    Ministry of Culture Launches Cultural Competitions for Emirati Children and Youth

    Business

    Old Energy, New Power: The Evolution Starts Here

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Monday, July 14
    UAE Insider
    • Home
    • News

      Absa’s digital transformation journey with SAP

      HONOR Returns to Esports World Cup as Official Smartphone Partner for 2025

      Blume’s Summer Menu: A Refreshing Oasis of Flavors Inspired by the Silk Road and Mediterranean Gardens

      DIB arranges landmark $1bln sovereign financing for the Government of Pakistan

      Visit Qatar marks successful conclusion of 2025 UEFA Men’s National Team Football Tournaments sponsorships

    • Business

      Samana Developers ascends to 5th highest off-plan seller in Dubai, bolstered by record-breaking sales and ambitious expansion

      Platformance and Mindshare KSA drive app-led growth for Nova Water in Saudi Arabia

      Absa’s digital transformation journey with SAP

      ROSHN Group joins Recycle Your Device initiative to promote a circular economy

      Egypt’s first Huawei Experience Store opens in Cairo Citystars Mall

    • Life

      HONOR Returns to Esports World Cup as Official Smartphone Partner for 2025

      Blume’s Summer Menu: A Refreshing Oasis of Flavors Inspired by the Silk Road and Mediterranean Gardens

      Ajman University: Sole Middle East Recipient of Prestigious ICANN Grant to develop global internet security system

      Visit Qatar marks successful conclusion of 2025 UEFA Men’s National Team Football Tournaments sponsorships

      Etihad Airways launches loyalty partnership with Vietnam Airlines

    Facebook Twitter Instagram Pinterest
    UAE Insider
    Home » First digital assets market maker and broker-dealer from Singapore to achieve an In-Principle Approval from the FSRA of ADGM
    Business

    First digital assets market maker and broker-dealer from Singapore to achieve an In-Principle Approval from the FSRA of ADGM

    Facebook Twitter Pinterest WhatsApp LinkedIn
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    QCP, a global institutional digital assets company, today announced that they have received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to conduct regulated activities. The decision to make a move into this strategic market for the company’s footprint was in anticipation that the Middle East is going to become a dominant global hub for capital flowing into traditional and digital assets.

    The IPA marks a significant milestone in QCP’s journey and commitment towards becoming a regulated digital assets business. A major reason QCP has chosen ADGM as a base for its expansion is that the FSRA exists as the first regulator globally to introduce and implement a comprehensive and bespoke regulatory framework for the regulation of exchanges, custodians, brokers, and other intermediaries engaged in virtual asset activities.

    Founded in 2017, in the early days of the rise of digital assets, QCP is a pioneer in a rapidly growing segment. It is one of the largest trading desks in the world for digital asset derivatives and provider of trading solutions and structured strategies. Ernst & Young finds that as of September 2023, the monthly volume of crypto derivatives stands at US$1.33 trillion, which is nearly four times the size of the crypto spot market. With most of the crypto derivative market currently existing outside the US, Abu Dhabi and the UAE have a lot of potential to capture this market segment. 

    Melvin Deng, CEO, QCP said, “The IPA is a significant development for us and advances our goal of embracing greater regulation. We are committed to meeting ADGM’s transparent and high standards of regulatory compliance. Our intention is to be a responsible player that wants to support market confidence. We are proud to be the first Singaporean digital asset market maker and broker-dealer to set up here in the market and hope we can encourage others to venture into this dynamic market.” 

    Arvind Ramamurthy, Chief of Market Development at ADGM said, “We congratulate QCP on receiving its IPA from ADGM and welcome them to Abu Dhabi’s thriving international financial centre. With a leading trading desk and digital asset capabilities, we look forward to QCP’s integration into ADGM’s ecosystem.”

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Business

    Samana Developers ascends to 5th highest off-plan seller in Dubai, bolstered by record-breaking sales and ambitious expansion

    Business

    Platformance and Mindshare KSA drive app-led growth for Nova Water in Saudi Arabia

    Business

    Absa’s digital transformation journey with SAP

    Business

    ROSHN Group joins Recycle Your Device initiative to promote a circular economy

    Business

    Egypt’s first Huawei Experience Store opens in Cairo Citystars Mall

    Business

    HONOR Returns to Esports World Cup as Official Smartphone Partner for 2025

    life

    Blume’s Summer Menu: A Refreshing Oasis of Flavors Inspired by the Silk Road and Mediterranean Gardens

    life

    Ajman University: Sole Middle East Recipient of Prestigious ICANN Grant to develop global internet security system

    Stay In Touch
    • Facebook
    • Twitter
    Don't Miss
    Business

    Curate your perfect soundtrack with Yango Play’s latest AI-powered music features

    Dubai, UAE – August 2024: Yango Play, the first AI-powered entertainment super app that combines video…

    Radix and Cognite partner to deliver an Industrial Applications Library for Industry in AI

    GO Sport Expands to Palestine

    RayMing Technology Revolutionizes Smart IOT Device Manufacturing with Comprehensive PCB Assembly Services

    Apex Group appoints new Chief AI and Data Science Officer to lead global AI strategy

    Recent Posts

    • Samana Developers ascends to 5th highest off-plan seller in Dubai, bolstered by record-breaking sales and ambitious expansion
    • Platformance and Mindshare KSA drive app-led growth for Nova Water in Saudi Arabia
    • Absa’s digital transformation journey with SAP
    • ROSHN Group joins Recycle Your Device initiative to promote a circular economy
    • Egypt’s first Huawei Experience Store opens in Cairo Citystars Mall
    Our Picks
    Business

    SCO to play increasingly vital role in enhancing regional prosperity

    News

    Saudi crown prince pushing hard to realign Mideast dynamics

    life

    Expats Strike It Rich At Mahzooz 140th Draws: Indian Resident Wins AED 1 Million And Pakistani Expat Takes Home AED 50,000 In Gold Coins.

    Business

    Dubai Chamber of Commerce records 33% growth in number of construction companies registering as new members during 2024

    Must Read
    life

    Diriyah Company launches London Experience Center at One Hyde Park, Knightsbridge

    Business

    Introducing The World’s First AI Call Scanner by Truecaller: The Fastest & Most Accurate AI Voice Scam Detection System

    Categories
    • Business (382)
    • life (139)
    • News (161)
    Our Picks
    Business

    Acronis joins the UAE data center foray as demand for cloud computing poised to grow by CAGR of 36% by 2030

    life

    King’s College Hospital Dubai Launches Dubai’s First Dedicated Paediatric and Adult Liver Transplant Centre of Excellence

    About us

    Stay connected with UAEInsider, your ultimate source for insightful news, updates, and analysis on all things UAE and beyond. Dive into the heart of the Emirates’ stories, explore diverse perspectives, and stay informed about the latest developments shaping our region and the world.

    UAE Insider
    Facebook Twitter Instagram Pinterest
    • Home
    • Privacy Policy
    • Terms & Conditions
    © 2025 UAE Insider.

    Type above and press Enter to search. Press Esc to cancel.