Animoca Brands Receives ADGM Fund-Management Permission for Institutional Services
(3 hours ago) · 1 source · Summarized by CryptoBipto
Animoca Brands has announced it received fund-management permission from Abu Dhabi Global Market (ADGM), the financial free zone in the United Arab Emirates. The permission is intended to support the company's expansion into institutional-grade fund management services in the region.
WHY IT MATTERS
Think of a fund-management permission like a license that allows a company to pool money from large investors and manage it on their behalf, similar to how a traditional investment firm operates.
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SOURCES
- newsbtc.com
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