XBTO Obtains Full Financial Services Licence from FSRA Abu Dhabi
XBTO acquires a full Category 3A licence from the ADGM, allowing it to offer regulated services throughout the United Arab Emirates. The certification supports XBTO's expansion into the Middle East and North Africa, as well as its forthcoming registration with UK regulators. XBTO joins the Hub71 group to promote blockchain education and regional collaboration.
XBTO, a platform specialising in digital assets for institutional clients, has been granted full regulatory certification by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), allowing it to expand its services throughout the UAE. The approval gives XBTO a Financial Services Licence (FSP) in category 3A, following a previous preliminary approval (IPA) received in September 2024.
With the full FSP licence, XBTO can now conduct a full range of financial operations both inside and outside the ADGM. These services include custody of digital assets, brokerage activities on underlying instruments, investment advice and management of investment transactions.
Thanks to this licence, XBTO can act as a regulated counterparty for major institutional clients in the region, including sovereign wealth funds, regional banks and family offices.
This accreditation complies with the ADGM's regulatory framework for digital asset service providers and allows XBTO to strengthen its direct interaction with players in the UAE's financial ecosystem. With the licence, XBTO will now be able to promote its services throughout the region in line with current regulations.
XBTO Aims for Growth in the MENA Region with the ADGM Licence, Envisages UK Market Entry
This legal success in Abu Dhabi represents a strong endorsement of XBTO's expansion plan in the MENA region and is a key element of its overall international strategy. As previously reported, the company has achieved regulatory recognition in Bermuda and plans to enter the UK market.
The UAE licence provides XBTO with a solid legal basis to expand its operations in a country that is actively developing a clear and comprehensive approach to the regulation of digital assets. The company's leadership stated that the 3A licence will allow them to further integrate into the region's institutional financial infrastructure.
XBTO Strengthens Ties with Abu Dhabi through Hub71
XBTO is an active member of Hub71, an Abu Dhabi-based organisation dedicated to digital assets, which collaborates with this innovative community to offer educational initiatives. These initiatives aim to improve blockchain awareness and promote best compliance practices in the digital asset market.
According to Hub71 executives, the licence obtained by XBTO reflects a broader trend of digital asset companies choosing Abu Dhabi as their regional base. They pointed out that XBTO's growth, from involvement in the innovation platform to achieving full regulatory status, highlights the ADGM's support mechanisms for emerging startups in digital finance.
