The licence enables the bank to build up a broad range of digital asset services, with particular emphasis on crypto assets
The Technology Working Group of the Asset Management Taskforce has released a report summarising the first stage of its efforts to apply innovative technologies for the benefit of the UK fund management industry
This will allow the bank to enhance its digital asset and private key custody provisions, granting institutional clients greater flexibility within their digital asset operations
GCEX starts market operations as a VASP in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of technology solutions
Through its completion of the registration process, BuyUcoin demonstrates dedication to transparency and integrity and commits to combating money laundering and the illicit use of virtual digital assets
The approval does not constitute a licence but does enable the company to operate as a custody provider for virtual assets within the ADGM jurisdiction, in an effort to serve the broader MENA region
Custody provider Rakkar Digital has partnered with OpenEden to further develop the digital asset landscape
