3iQ secures in-principle approval for Category 4 license from Abu Dhabi Global Market

3iQ: 3iQ is a crypto investment manager specializing in digital asset funds and related investment products. The firm has secured in-principle approval from the Abu Dhabi Global Market for a Category 4 license through its UAE entity, supporting its expansion in the region. It has also collaborated with UAE-based partners on joint fund initiatives. Abu Dhabi Global Market: Abu Dhabi Global Market serves as an international financial center and free zone in Abu Dhabi that regulates financial and investment services. It has issued in-principle approval to 3iQ for a Category 4 license via the manager's UAE entity. The regulator facilitates frameworks for crypto and fintech operations within its jurisdiction. Further Asset Management: Further Asset Management is a UAE-based firm engaged in asset management activities. It entered into a partnership with 3iQ to develop and launch a joint fund offering. The collaboration underscores coordinated efforts between international crypto managers and local UAE entities. Regulation: ADGM maintains licensing categories tailored to investment management and crypto-related financial activities. Partnerships: UAE-based asset managers commonly form joint ventures with international crypto firms to access regulated fund structures.