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

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Germany's Sparkassen Group Begins Cryptocurrency Trading Rollout

Germany's Sparkassen savings bank group is starting a phased rollout of cryptocurrency trading within its existing banking app, beginning on October 19, 2023.

user avatarGustavo Mendoza

CME Group to Launch Bitcoin Cash and Uniswap Futures on October 19

CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, providing institutional traders with more cryptocurrency markets.

user avatarRajesh Kumar

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.

user avatarMiguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.

user avatarLuis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.

user avatarArif Mukhtar

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

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.