• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

BlackRock's Abu Dhabi License: A New Chapter for the Investment Firm

user avatar

by Giorgi Kostiuk

a year ago

BlackRock, a multinational investment firm, has received a license to operate in Abu Dhabi, highlighting its interest in the region.

BlackRock Expands Horizons in Abu Dhabi

According to Bloomberg, on November 18, BlackRock was granted a commercial license to operate in the UAE's capital, reflecting the firm's interest in the crypto-friendly region. Additionally, the company seeks a license to operate in the Abu Dhabi Global Market (ADGM), an international financial hub home to companies like Blockdaemon and M2.

Focus on AI and Private Markets

Despite involvement in the crypto industry, BlackRock announced its focus on AI infrastructure and private markets. Charles Hatami, head of BlackRock in the Middle East, stated that the company intends to develop these areas, aligning with a broader trend of AI investments in Abu Dhabi. In April, Microsoft invested $1.6 billion in G42, a tech holding company based in the region.

Global Financial Center for Digital Assets

Charles Hatami remarked that Abu Dhabi has become a 'global financial center.' The region is distinguished by its strategic location, progressive government policies, and commitment to sustainable growth, making it an ideal location for capital markets.

Obtaining the license in Abu Dhabi opens new opportunities for BlackRock and underscores the region's importance as a center for digital financial services.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Culper Research Disputes Tom Lee's Optimism on Ethereum

chest

Culper Research disputes Tom Lee's optimism on Ethereum, arguing that recent activity spikes are misleading and could indicate a potential death spiral for the platform.

user avatarAyman Ben Youssef

Culper Research Takes Short Position on Ether Amid Economic Concerns

chest

Culper Research has taken a short position on Ether, citing concerns over Ethereum's economic outlook following the Fusaka upgrade.

user avatarTando Nkube

CFTC and SEC Join Forces to Regulate Crypto Markets

chest

The CFTC and SEC are collaborating on Project Crypto to create a unified regulatory framework for crypto markets, aiming to clarify jurisdictional boundaries and foster innovation in the U.S.

user avatarKofi Adjeman

Ethereum ETFs See Major Inflows as Market Recovers

chest

Ethereum-based ETFs recorded their best single-day performance in nearly two months, with inflows of $169 million on Wednesday, indicating a potential recovery trend for Ethereum and related investment products.

user avatarNguyen Van Long

SEC and CFTC Submit Proposals to Regulate Crypto and Prediction Markets

chest

This week, the SEC and CFTC have submitted proposals to the White House to regulate the crypto industry and prediction markets.

user avatarKofi Adjeman

Ethereum Hits One-Month High as Market Recovers

chest

Ethereum's price surged by 12% on Wednesday, reaching a one-month high of $2,199 before retracing.

user avatarKofi Adjeman

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.