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XBTO has received a full 3A license by ADGM. This will allow regulated services to be provided across the UAE.
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Approval is a support for XBTO in its MENA expansion as well as the upcoming UK regulatory entry.
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XBTO is a member of Hub71, advancing blockchain technology education and regional collaboration.
XBTO is a platform that focuses on institutional digital assets. The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted the platform full regulatory approval. This allows the platform to expand across the United Arab Emirates. The approval grants XBTO a Financial Services Permission under the 3A License Category, which follows a previous in-principle (IPA) approval issued in September 2024.
The full FSP allows XBTO to operate a wide range of financial services both from and within the ADGM. These services include custody for digital assets, matched-principal trading, investment advisory and arranging deals. With this license, XBTO can now act as a regulated counter-party to key institutional customers in the region such as sovereign wealth fund, regional banks, family offices, and so on.
This approval aligns XBTO with ADGM’s regulatory structure for digital asset service provider, allowing it to engage directly with stakeholders within the UAE’s financial eco-system. With the license in hand, XBTO is now able to promote its services across the region according to regulatory standards.
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XBTO Eyes MENA growth with ADGM license, targets UK market entry next
This regulatory success in Abu Dhabi is a significant endorsement of XBTO’s ongoing expansion strategy across the Middle East and North Africa region (MENA), and it’s a crucial piece of its broader global roadmap. As reported previously, the company has regulatory recognition in Bermuda. It is currently preparing for entry into the United Kingdom market.
The UAE license gives XBTO a solid legal basis to expand its operations in a jurisdiction which has been actively developing a comprehensive, clear regulatory approach towards digital assets. The company leadership stated that the 3A licence will allow them integrate more deeply into regional institutional finance infrastructure.
XBTO Deepens Abu Dhabi Ties via Hub71
XBTO, a member of Hub71 in Abu Dhabi, has partnered up with this innovation group to deliver educational programs. These programs aim to boost blockchain literacy and promote best practices in compliance for the digital asset sector.
Related: UAE Approves Ripple backed Hidden Road to Open Abu Dhabi Crypto Office
According to Hub71 officials, XBTO’s licensing signals a trend where digital asset firms choose Abu Dhabi as their regional base. They said that XBTO’s progress from its participation in its Innovation Platform to achieving full regulation status effectively showcases ADGM’s support mechanisms for early-stage digital financial firms.
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