The State of Wisconsin Investment Board (SWIB) has exited its position in BlackRock’s iShares Bitcoin Trust (IBIT), pulling back from spot Bitcoin ETFs just one quarter after becoming one of the first state-run pension funds to invest in them. A May 15 filing with the U.S. Securities and Exchange Commission ...
In a bold move to cement the UAE’s position in the global blockchain arena, three of Abu Dhabi’s most influential institutions are collaborating to launch a dirham-pegged stablecoin pending regulatory approval. The coalition includes ADQ, the Emirate’s sovereign wealth fund; First Abu Dhabi Bank (FAB), the country’s largest bank; and ...
Abu Dhabi’s financial watchdog has imposed over $12 million in penalties on cryptocurrency firm Hayvn and its former CEO, Christopher Flinos, over serious regulatory violations, including anti-money laundering (AML) breaches and operating without proper authorization. On Monday, April 14, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market ...
DWF Labs, a Web3 market maker and crypto investor, has entered a strategic partnership with The Blockchain Center Abu Dhabi. This collaboration, marked by a signed Memorandum of Understanding (MOU), highlights their shared commitment to fostering innovation and growth in the Web3 sector across the MENA region. The partnership will ...
The Aptos Foundation, a leading force in global blockchain development, has announced plans to open a regional office in Abu Dhabi Global Market (ADGM). This move marks a pivotal step in the foundation’s efforts to expand the Aptos ecosystem and promote Web3 innovation worldwide. The Abu Dhabi office will be ...
DWF Labs, a leading venture capital firm focused on cryptocurrency investments, will be moving its headquarters from Singapore to Abu Dhabi. Andrei Grachev, co-founder of DWF Labs, announced the decision via an X post on December 2. He cited the firm’s goal of expanding its operations in real-world assets (RWA) ...
Abu Dhabi's financial regulator has opened a public consultation on a proposed regulatory framework to guide the supervision of fiat-referenced tokens (FRTs), a category of stablecoins. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) announced the new framework in response to stakeholder requests. It noted ...
Hashed Ventures, a crypto venture capital firm based in Seoul, South Korea, is set to expand its operations into Abu Dhabi through a strategic partnership with the city's tech ecosystem group, Hub71, according to Bloomberg. CEO Simon Kim reportedly announced that the firm will establish a local office in Abu ...
