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Regulation
Animoca Brands Receives Abu Dhabi Approval for Fund Management
(1 day ago) · 1 source · Summarized by CryptoBipto
Animoca Brands has received regulatory approval from Abu Dhabi authorities to operate a fund management business. This marks the completion of the company's licensing process in the emirate, expanding its asset management operations in the Middle East.
WHY IT MATTERS
Think of a fund management license like getting a permit to pool other people's money and invest it on their behalf — similar to how a mutual fund works in traditional finance.
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SOURCES
- cointelegraph.com
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Fund ManagementAbu Dhabi RegulationAnimoca BrandsInstitutional Crypto